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Farcaster, a decentralized social platform, has recently gained significant attention in the blockchain world. Merkle Manufactory, the company behind Farcaster, has successfully concluded a Series A funding round, raising $150 million. Leading this round was investment firm Paradigm, with participation from funds such as Andreessen Horowitz, Haun Ventures, USV, Variant, and Standard Crypto .
With this new funding, Merkle Manufactory's valuation has surpassed $1 billion, making it a unicorn. Dan Romero, co-founder of Farcaster, confirmed that these funds will support further platform development and attract a larger user base.
One of the latest innovations on the Farcaster platform is the Frames feature, allowing users to interact with applications directly within posts. This enables users, for example, to mint NFTs, conduct transactions, or respond to surveys without leaving the platform. 1 reply
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