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Farcaster Founder Responds to Rumors: Protocol Not Shutting Down, Merkle to Fully Refund $180M Funds

2026.01.23 09:36:07

January 23 — Farcaster Founder Dan Romero Clarifies Platform Not Shutting Down, Addresses Market Rumors Addressing recent market rumors, Farcaster founder Dan Romero issued a clarification confirming the platform has not shut down. The protocol is currently operating smoothly and will continue running going forward. Data indicates Farcaster counted roughly 250,000 Monthly Active Users (MAU) in December 2025, with over 100,000 funded on-chain wallet addresses. Romero noted Farcaster’s acquirer, Neynar — a venture-backed startup — plans to steer the platform toward a more developer-centric direction moving forward, not discontinue it. Additionally, Romero touched on his other project, Merkle, revealing the team has decided to fully refund the $180 million it raised from investors. He added that over the past five years, the team has consistently strived to be a responsible steward of investor capital. Romero also clarified the funds used for real estate purchases came from Coinbase IPO proceeds, addressing public speculation.
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