Institutional adoption isn’t about building up, it’s about sucking Crypto dry | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@OdailyChina@XiaMiPPcryptoBelieve in SomethingEvgenyDeanMarketTokenThe War Between Stablecoins and Banking Probably Doesn’t ExistRelated: The Ultimate Comeback of the “Shovel Seller”: Why Did Neynar Acquire Farcaster?
On January 21st, Dan Romero and Varun Srinivasan, co-founders of Farcaster, which had received investments from top-tier institutions like A16Z and Paradigm and reached a valuation exceeding $1 billion, announced that Neynar would acquire Farcaster. In the coming weeks, Farcaster’s protocol contracts, code repositories, official client, and Clanker will be transferred to Neynar, which will continue to operate and maintain them. Some members of the founding team Merkle, along with Dan and Varun themselves, will step back from day-to-day management to pursue new ventures. This acquisition occurs against the backdrop of Farcaster’s dramatic ups and downs. The protocol reached a $1 billion valuation in 2024 but suffered severe revenue decline and user attrition in Q4 2025. Previously, community rumors suggested Coinbase would acquire Farcaster. Now, the facts are settled. Neynar,…# Analysis# bitcoin# crypto# defi# ethereum# Market# Token# ToolPre
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- Compiled by | Odaily（@OdailyChina） Translator | Ding Dang（@XiaMiPP） Institutions have finally