Decentralized social protocol Farcaster completes $150 million financing

According to the official news, the decentralized social protocol Farcaster completed a $150 million financing, led by Paradigm, and participated in the investment of a16z crypto, Haun, USV, Variant, Standard Crypto, etc. The announcement said that this year will mainly focus on DAU growth and adding developer primitives to the protocol, such as channels and direct messaging.
Previously, it was reported that in March this year, people familiar with the matter revealed that Farcaster developer Merkle Manufacturing was about to complete a round of financing led by Paradigm, with a valuation of about $1 billion.