Farcaster founder clarifies: the protocol is currently operating normally, and the house purchase funds come from a certain exchange's IPO.

Jinse Finance reported that Farcaster founder Dan Romero made the following clarifications regarding market rumors: Farcaster has no plans to shut down. The protocol is currently operating normally and will continue to run stably in the future. In December last year, its monthly active users reached 250,000, and the number of wallets recharged exceeded 100,000. The acquirer, Neynar, is a venture capital-backed startup that plans to pivot Farcaster towards a more developer-focused direction. Regarding the Merkle project, we plan to fully return the $180 million raised to investors. Over the past five years, we have always strived to manage investors' funds prudently. Finally, it should be noted that the funds I used to purchase real estate came from the proceeds of an exchange's initial public offering (IPO).