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Farcaster founding team steps down, Neynar officially takes over the protocol and application
PANews January 22 News, according to CoinDesk, the co-founder of the decentralized social protocol Farcaster, Dan Romero, announced that Farcaster will be fully taken over by its early infrastructure builder Neynar, including protocol smart contracts, codebase, mobile applications, and the AI token issuance platform Clanker. Farcaster previously received $150 million in investment from Paradigm and a16z in 2024 but has yet to achieve sustainable growth. Founder Romero and some Merkle team members will step back from daily operations, and Neynar will launch a new developer-centric roadmap.