Wednesday, 22 May, 2024

Farcaster Raises $150M Despite Having Only 80K Daily Users

Farcaster, a crypto-based social network, has secured $150 million in funding, even though it currently has just 80,000 daily active users. The platform aims to leverage blockchain technology to create a decentralized social media experience. The substantial investment underscores the confidence investors have in Farcaster's potential to innovate within the social networking space and capitalize on the growing interest in crypto applications.