Crypto founders are getting very rich, very fast—again

While the renovations have been a success, that’s not the case for Farcaster. Despite early momentum, the startup last year reportedly had fewer than 5,000 daily users, and currently trails far behind rivals like Zora. Romero did not respond to repeated requests for comment about Farcaster’s performance or his sale of secondary shares.In mid-2024, a crypto-based social media platform called Farcaster raised an eye-popping $150 million Series A round led by the venture capital firm Paradigm. That figure incl ...