Fediverse Report on Nostr: New: What is Farcaster, and why did a16z value it at 1 billion dollar? #Farcaster is ...
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/
#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/