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Farcaster is a blockchain-based social protocol founded by two Coinbase alumni.
It is a public social network similar to Twitter and Reddit. Users can create profiles, post "casts" and follow others. They own their accounts and relationships with other users and are free to move between different apps.
From its Seed Round led by a16z crypto, Farcaster has successfully raised $30M from reputable backers, including Standard Crypto, Elad Gil, 1confirmation, Scalar Capital, First Round Capital, Volt Capital, A Capital, and many others.