Neynar, a decentralized social media infrastructure firm backed by Haun, is acquiring Farcaster. Farcaster is an Ethereum-based protocol. According to reports, Farcaster was last valued at $1 billion. The acquisition signals a move within the decentralized social media space, as Neynar expands its infrastructure. The development comes after Farcaster's founders reportedly pivoted to a wallet application.

Neynar, a decentralized social media infrastructure firm backed by Haun, is acquiring Farcaster. Farcaster is an Ethereum-based protocol. According to reports, Farcaster was last valued at $1 billion. The acquisition signals a move within the decentralized social media space, as Neynar expands its infrastructure. The development comes after Farcaster's founders reportedly pivoted to a wallet application.