farcaster

The decentralized social network Farcaster has changed ownership for the second time this year. Network School, led by Balaji Srinivasan, has acquired Farcaster from Neynar, with the transaction amount not disclosed. Neynar co-founder Rish stated on Thursday that after considering multiple acquisition offers, the company decided to transfer the "Farcaster application, protocol codebase, and related products" to Network School, citing that Farcaster needs a different operational model in the next phase. Rish and another co-founder, Manan, will leave, while the remaining Neynar employees will join Network School to continue developing Farcaster.Neynar acquired the platform from Farcaster's original developer, Merkle Manufactory, in January this year, and the deal also included the token issuance platform Clanker. Rish's announcement did not mention the fate of Clanker, but GM Farcaster host Adrienne and NourishProf mentioned during a live broadcast on Thursday that Rish is considering splitting Clanker and seeking other buyers for it. Meanwhile, an in-app announcement indicates that Farcaster will be renamed "Network Nation Protocol," aiming to build a network composed of a voluntarily joined digital society, ultimately landing in the physical world.Users must choose to accept or reject a "social smart contract," with acceptors receiving an on-chain access NFT as proof.

Farcaster posted, "There will be no token issuance. The 'token discussion' circulating in the market is actually related to Hypersnap, which is a fork project of the Farcaster protocol. The Hypersnap team refers to its token as the 'Farcaster token' in discussions, which has led to confusion among users who are not familiar with the technical details.It is important to clarify that this is not a comment on the fork project itself. We just want to avoid this kind of speculation that continues to create unnecessary noise, such as bot accounts, airdrop users, and scam accounts, all of which can affect the overall network experience. It should be made clear that there is no so-called Farcaster protocol token airdrop."

Clanker announced the launch of the Clanker Ecosystem Fund (CEF). The mission of CEF is to allocate protocol fees to creators and communities that make positive contributions to the Clanker and Farcaster ecosystems.Clanker stated that currently, $8 million has been used to purchase 14% of CLANKER tokens, but it has not yet proven its efficiency in using funds. In the coming weeks, protocol fees will be returned to the ecosystem and used to fund the ongoing construction of Clanker infrastructure.According to RootData, Clanker is an AI-driven "Token Bot" designed for rapid DIY token deployment. Users only need to tag Clanker on Farcaster clients like Warpcast or Supercast, tell it the token concept, and it will launch the token for users on Base. In October 2025, Clanker was acquired by Farcaster.

Farcaster co-founder Dan Romero (who previously joined Tempo) published a post clarifying five misconceptions about MPP. Dan stated that MPP is not only applicable to Tempo, and that the protocol is independent of payment methods, supporting both cryptocurrencies and fiat currencies as well as any blockchain. It has currently expanded to the Bitcoin Lightning Network and there is already a draft for Solana expansion.In terms of usage costs, MPP itself has no inherent fees, and the specific costs depend on the blockchain or fiat channel used; regarding openness, MPP is designed to be simple and scalable, and has been submitted as a Web standard to the IETF.Additionally, MPP supports both Pay-per-request and session-based modes, the latter being suitable for continuous small payments that require API speed; Dan also emphasized that MPP achieves a separation of secure HTTP communication and payment rails, without relying on specific smart wallet implementations or stablecoins.

Farcaster founder Dan Romero stated that a new project related to proxy payments and stablecoins is in development. "If you are involved in related projects and want to continue developing on Tempo, please contact me."Previously, Dan Romero announced on February 9 that he had joined the stablecoin chain Tempo, supported by Stripe and Paradigm.

Farcaster founder Dan Romero announced on the X platform that he has joined the stablecoin blockchain project Tempo, which has previously received support from Stripe and Paradigm.

Farcaster officially announced that the OpenClaw proxy now has native support, allowing users to autonomously create Farcaster accounts without manual intervention or additional verification, and directly perform actions such as posting, replying, and interacting within the protocol.According to the introduction, users only need to pay approximately 1 USDC or ETH to initiate the OpenClaw proxy, after which the proxy will automatically complete the account creation and all subsequent on-chain social activities. Farcaster stated that this move will further lower the barrier for AI proxies to access decentralized social networks, providing foundational support for the native operation of automated accounts and intelligent proxies at the protocol layer.

The founder of the decentralized social protocol Farcaster, Dan Romero, responded to the question on social media, "Say something that couldn't be publicly shared before the acquisition, but can now be expressed openly," by stating: "I had hoped to issue a token for Farcaster, but I just never found the right moment."

Co-founder of Neynar, Rishav Mukherji, published a post outlining the vision for Farcaster: Neynar will maintain the Farcaster protocol, run the Farcaster client, and be responsible for the operations of Clanker. Some members of the Clanker team will join Neynar. Neynar has always been an important infrastructure provider for the Farcaster ecosystem, and this integration is a natural evolution after years of deep involvement in the community.The vision is to enable builders to move from ideas to sustainable income, creating a "builder-first" network. The core value of Farcaster lies in the long-established community of builders, a group that has driven key innovations such as Frames, Degen, and Warpcast. The value of Farcaster is not only in the products but also in those who experiment, share knowledge, and build openly. Neynar's acquisition of Farcaster has a core mission to make software building simpler.At the product level, there will be no major adjustments to Farcaster, Neynar, or Clanker, and rumors about the protocol or client being discontinued are not true. The Neynar developer platform will continue to exist, and financial and transaction-related functions will remain unchanged. The next phase will involve assessing product priorities, gradually advancing the roadmap while maintaining the openness of the network. As the barriers to software building continue to decrease, combined with crypto-native financial tracks and open distribution mechanisms, Farcaster is expected to become an important starting point for creators and developers to experiment, collaborate, and scale.

In response to recent market rumors, Farcaster founder Dan Romero clarified in a post that Farcaster has not shut down, the protocol is currently running normally, and it will continue to operate in the future. Data shows that Farcaster had approximately 250,000 monthly active users (MAU) in December 2025, with over 100,000 wallet addresses on-chain that have funds.Romero stated that the acquirer of Farcaster, Neynar, is a venture-backed startup that plans to push Farcaster in a more developer-oriented direction in the future, rather than terminating the project. Additionally, Romero discussed his other project, Merkle, stating that the team has decided to fully return $180 million in funding to investors. He mentioned that over the past five years, the team has consistently worked to be responsible stewards of investor funds. Romero also clarified that the funds he used to purchase property came from the proceeds of the Coinbase IPO, addressing external speculation.

Farcaster founder Dan Romero stated the following clarifications regarding market rumors:Farcaster is not planning to shut down. The protocol is currently running smoothly and will continue to operate stably in the future. Last December, its monthly active users reached 250,000, and the number of funded wallets exceeded 100,000. The acquirer Neynar is a venture-backed startup that plans to shift Farcaster towards a more developer-focused direction.Regarding the Merkle project, we plan to return the entire $180 million raised to the investors. Over the past five years, we have consistently aimed to prudently manage investors' funds.Lastly, I would like to clarify that the funds I used to purchase property came from the proceeds of Coinbase's initial public offering (IPO).

Mask Network founder Suji Yan commented on Neynar's acquisition of Farcaster in a post on X, stating: "More competition is beneficial. I did hear some rumors earlier, but I never verified them with the Neynar team. We should strengthen our cooperation and sincerely congratulate the Neynar team. To disclose, I am a minor shareholder of Neynar, and we are using Neynar's software and technology. They are a very outstanding group of people."According to previous news from ChainCatcher, Aave founder Stani stated that the governance rights of the social protocol Lens will be transferred to the Mask team, while the original team will serve as technical advisors.

According to Dan Romero, co-founder of Farcaster, one of the Farcaster clients, Neynar, will acquire the decentralized social protocol Farcaster. In the coming weeks, the Farcaster protocol contracts, codebase, applications, and ownership of Clanker will be transferred to Neynar, which will be responsible for subsequent operations and maintenance.Some members of the Merkle team, Varun, and Dan Romero will step away from the day-to-day operations of Farcaster to focus on new projects. The Neynar team has been developing on Farcaster from the beginning and is one of the earliest Farcaster clients, with its infrastructure now supporting most of the developer ecosystem.Dan Romero stated that after five years of development, Farcaster needs new approaches and leadership to realize its full potential.

Farcaster co-founder Dan Romero announced that the platform will undergo a major strategic adjustment, abandoning the "social-first" approach to finding product-market fit that has been in place for over four years, and shifting to a wallet-centric growth model. The team stated that the recently rapidly growing in-app wallet feature is currently the module closest to product-market fit, and they will adopt the approach of "using the tool (wallet) first, then building the network (protocol)" to drive users to complete conversions on the wallet side and become active users of the protocol.Romero emphasized that the Farcaster protocol remains open and decentralized, but the official application will focus on expanding capabilities at the intersection of wallets and social features in the future. Additionally, Farcaster has previously acquired the token issuance platform Clanker to strengthen its related product layout.

Farcaster founder Dan Romero announced that the first Clanker presale will take place this week.Start time: Thursday at 9:30 AM Pacific Time (1:30 AM Beijing Time on Friday)Presale period: 7 days; all users participating in the presale will enjoy the same conditionsTrading launch: Clanker will officially go live for trading 24 hours after the presale endsThe project and team will be introduced through multiple channels, and the presale operation will be continuously optimized in the future.

Decentralized social protocol Farcaster co-founder Dan Romero stated that the Farcaster wallet and its meme coin issuance platform Clanker will support the Monad network on the same day as the Monad mainnet launch.

ChainCatcher news, according to GMGN market data, CLANKER's market capitalization has surpassed 36 million USD, currently reported at 36.62 million USD, with a 24-hour increase of 48.7%. Previously reported, CLANKER will join the Farcaster ecosystem, and the protocol fees will be used to buy back CLANKER tokens.

ChainCatcher news, according to official sources, the decentralized social protocol Farcaster has announced new support for BNB Chain, allowing users to exchange tokens, transfer funds, and view popular tokens.