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/farcon Farcaster's token Degen (DEGEN) surged 17% after the platform raised $150 million in a Series A round led by Paradigm, valuing its parent company at $1 billion. The funds will support Farcaster's long-term development, according to founder Dan Romero.
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Bloomberg reported in March that the funding round would increase the value of Merkle Manufactory, the parent company of the social network Forexter, to $1 billion.
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