Farcaster co-founder Dan Romero said on January 22 that the decentralized social protocol is not shutting down, pushing back against online claims that followed its acquisition by Neynar earlier this week.
He also said Merkle, Farcaster’s parent entity, plans to return the full $180 million it raised to investors.
The comments came after days of heated debate on X, where critics framed the Neynar deal as a quiet wind-down, while supporters argued it was an orderly transition that keeps the protocol alive and returns capital.
What Farcaster’s Founders and Backers Are Saying
Romero said Farcaster recorded about 250,000 monthly active users in December last year and more than 100,000 funded wallets, adding that the protocol “works and will continue to work.”
He added that Neynar, a venture-backed startup that has built core infrastructure for Farcaster since its early days, plans to shift the network in a more developer-focused direction.
Romero announced the acquisition on Januar
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