New: What is Farcaster, and why did a16z value it at 1 billion dollar?
#Farcaster is a decentralised social network that has seen significant growth recently, with currently around 80k daily active users. The network has strong ties with crypto and Ethereum. They got an investment of $150M recently by (among others) a16z.
I take a closer look at how Farcaster works, and why some crypto VCs think its worth a billion dollars.
Read at: https://fediversereport.com/what-is-farcaster-and-why-did-it-raise-150m-usd/
Fediverse Report /
npub1da…w783p
2024-05-29 14:03:48
Author Public Key
npub1daf0jwnmp53cgvw536lnh5e7qc4anqesecyldu73fm0e54kccyeskw783pPublished at
2024-05-29 14:03:48Event JSON
{
"id": "3b76ab33b4e45a67367886fff4733de904df17bfd5fb3780b1a14b095359f75e",
"pubkey": "6f52f93a7b0d238431d48ebf3bd33e062bd98330ce09f6f3d14edf9a56d8c133",
"created_at": 1716991428,
"kind": 1,
"tags": [
[
"t",
"farcaster"
],
[
"proxy",
"https://mastodon.social/users/fediversereport/statuses/112524750248407253",
"activitypub"
]
],
"content": "New: What is Farcaster, and why did a16z value it at 1 billion dollar?\n\n#Farcaster is a decentralised social network that has seen significant growth recently, with currently around 80k daily active users. The network has strong ties with crypto and Ethereum. They got an investment of $150M recently by (among others) a16z. \n\nI take a closer look at how Farcaster works, and why some crypto VCs think its worth a billion dollars.\n\nRead at: https://fediversereport.com/what-is-farcaster-and-why-did-it-raise-150m-usd/",
"sig": "9842f8fd9d5f2abafb9dfc110781b1cee58b3583cd4af46d6e46b3ffd785661b58a227c344620538db5934bee0e5477c2da54e405d0da26df443a89cd6d1e0c0"
}