Paradigm funding brings Farcaster development to unicorn status

Farcaster parent business East would have closing A new funding round directed by Paradigm. THE agreement would be take It is assessment has above $1 billion.

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A new funding round East together has elevator THE assessment of Merkle Manufacturing — THE business behind THE social network Prankster — has THE $1 billion brand, according to has A Bloomberg report quoting sources familiar with THE matter.

Leading THE round East crypto investment farm Paradigm, of which wallet understand major crypto businesses, such as Coinbase, Get confused, dYdX, Compound And Citadel Titles.

Merkle was co-founded In 2020 by ancient Coinbase executives Dan Romero And Varun Srinivasan. THE the company flagship East THE social media application Warpcast, built on high of THE decentralized network For social media apps Prankster.

Romero confirmed In A job on March 28 that Merkle East breeding capital. "Research has...