An ex-Coinbase executive, Dan Romero’s software company, Merkel Manufactory announces successfully raising $30 million in an a16z funding round. The funding in question is for Merkel Manufactory’s sufficiently decentralized social network building protocol, Farcaster.
“Our goal was to build a credibly-neutral protocol where users have direct relationships with their audiences and developers have the freedom to permissionlessly build new clients. We went through a few iterations and ultimately built Farcaster, a sufficiently decentralized protocol for building social networks,” writes Farcaster’s Dan Romero.
Dan Romero left Coinbase in 2019 to begin working with Varun Srinivasan, also a Coinbase veteran, on RSS+ in 2020. Farcaster’s testing has been underway for
quite a while now. It is also in the process of launching Farcaster V2.
Also read: Protagonist Debuts $100M Crypto Fund for Blockchain Adoption
Other angels in participation of the said funding round includes Scalar Capital, Standard Crypto, Elad Gil, 1confirmation, First Round Capital among others.
