Farcaster, the decentralized social media platform built on Ethereum blockchain and Optimism’s Layer two ecosystem, secures $150 million in a funding round led by Paradigm. Valued at $1 billion, the funds will fuel project development, focusing on user growth and developer tools. Notable investors, including a16z and Variant, join. Farcaster plans expansion, hiring engineers, and adding features like channels and direct messaging in 2024.
