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Farcaster (N/A)

Active Retrodrop 🔥
Total Raise: $180,000,000
Date: 12 Jul 2022 - 21 May 2024

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 funding rounds, the project has successfully raised $180M from reputable investors, such as Paradigm, Andreessen Horowitz (a16z), Coinbase Ventures, Multicoin Capital, and many others.

❗️ ❗️ ❗ IMPORTANT:

Please be aware that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch doesn’t provide financial advice, nor does it intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 80+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Farcaster Overview

Ticker: N/A
Country: United States
Industry: Social
Founded: 2021
Whitelist: Yes
Blockchain Network: Ethereum
KYC: No
Bounty: Yes
MVP: Yes
Type: IDO, Equity
Security Audit: Yes

Farcaster Review

Farcaster is a decentralized social platform running on Ethereum. It enables users to create profiles, share messages, connect with peers, and build communities, providing a user experience akin to well-known social platforms such as X and Reddit.

The primary difference lies in its decentralized structure, ensuring individuals maintain control over their accounts and connections. This enables seamless transitions between applications.

The company behind Farcaster is called Merkle Manufactory, founded by former Coinbase executives, Dan Romero and Varun Srinivasan.

Users are required to pay $5 (in reality, $6 when you purchase your subscription with Apple Pay or Google Pay) to register an account and publish a restricted number of posts on the platform to deter bots from signing up and misusing posting privileges.

Farcaster unveiled ‘Frames’ on January 26, 2024, introducing interactive mini applications for both individuals and developers. Almost two weeks after the launch of Frames, Farcaster experienced a huge 1,722% surge in daily users, rising from 2,932 on January 26, 2024 to 50,504 on June 2, 2024, according to Dune.

In December 2025, Farcaster shifted to a wallet-first focus to drive user growth and engagement. On January 21, 2026, infrastructure provider Neynar acquired the full Farcaster stack from Merkle Manufactory, including the protocol (Snapchain), official app/client, and AI token launchpad Clanker.

On August 17, 2026, seven months after acquiring Farcaster, Neynar has started a process to find a new home/team to run the protocol, official app, and Clanker going forward. Neynar co-founder Rish stated that while the acquisition initially seemed like a strong fit, conditions have changed and the team is no longer the right operator for the next phase. Neynar plans to return most of its remaining balance sheet, and the team will move on.

Warpcast

Warpcast stands out as a favored choice among users for connecting to Farcaster. Its interface bears a resemblance to the structure of the social media platform, X, previously known as Twitter.

On Warpcast, individuals craft messages known as ‘casts,’ akin to ‘tweets,’ and share them through ‘recasts,’ similar to ‘retweets’ or ‘reposts.’ Users who actively contribute content on the platform are referred to as ‘Warpcasters.’

Warpcast functions as a client for Farcaster, offering users control over their accounts similar to email. Warpcasters can interact with others by setting up profiles and exchanging public messages.

Important features of Warpcast include the ability to establish a Farcaster account with a public profile, participate in posting and responding to public messages, and discover and explore the public profiles of other users.

Vitalik Buterin, co-founder of Ethereum, praises Farcaster. “Farcaster will NOT be deserted in 4 months, or 1 yr.”, Buterin stated.

✅ Farcaster’s pros:

  • One of the best solutions in area of decentralized social networks;
  • Praising from Vitalik Buterin;
  • Has several public Smart Contract Audits;
  • The project has a wide network of Tier 1 backers and partners;
  • Team has profound experience in crypto (prev. Coinbase)
  • Above-the-average Search Engine Optimization;
  • Great PR performance;
  • Good Influencer Marketing;
  • Team participates in AMA sessions and actively runs social media.

📛 Farcaster’s cons:

  • Has no public tokenomics yet;
  • No clear development roadmap;
  • Below-the-average SMM coverage;
  • Weak Marketing Infrastructure;
  • Poor Growth Marketing performance.

Farcaster Token Economy

Total Raise: $180,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Farcaster Token Sale (ICO & IDO) Rounds

Seed: Jul 2022
Past

Price: N/A
Tokens for sale: N/A
Raise: $30,000,000
Lock-Up: N/A
Funds:
Coinbase Ventures logo a16z Balaji Srinivasan +20
Private: May 2024
Past

Price: N/A
Tokens for sale: N/A
Raise: $150,000,000
Lock-Up: N/A
Funds:
a16z paradigm logo Variant logo +3
Retrodrop is active now! 🔥🔥🔥 Read More

Farcaster Funds and Backers
(3/27)

Submit
Coinbase Ventures logo
Coinbase Ventures
Score: Very High
85 numbers of
investment
Read More
a16z
a16z CSX (a16z crypto)
Score: Very High
31 numbers of
investment
Read More
paradigm logo
Paradigm
Score: High
28 numbers of
investment
Read More
View All

Farcaster Influencers

Submit
CoinLaunch X(twitter)
CoinLaunch
Score: Medium
26 numbers of
investment
Read More
dr drops
Dr. Drops
Score: High
21 numbers of
investment
Read More

Farcaster Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  22 Aug 2026 Upgrade

Social Media Activity

Users 2,025
Member Change (30d) N/A
Mentions (30d) N/A
Forwards (30d) N/A
Avr. Post Views N/A
Followers 233.05K
2366

Top Twitter (X) Followers

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4,202
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4,154
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4,115
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3,933
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Farokh 🇮🇷 farokh
3,828
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Zeneca.xyz 🔮 Zeneca
3,823
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gmoney.eth gmoneyNFT
3,790
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Cozomo de’ Medici CozomoMedici
3,782
Avatar
Chris Dixon cdixon
3,781

Farcaster Team

Dan Romero
Dan Romero
Co-Founder
Varun Srinivasan
Varun Srinivasan
Co-Founder
Christian Mladenov
Christian Mladenov
Software Engineer

Farcaster Airdrop & Retrodrop & Bounty

Airdrop (Retrodrop)
Farcaster Logo
funds
Start Date:
17 Mar 2025
End Date:
TBA
Difficulty:
Medium
Winners:
N/A
Rewards:
N/A

Description

Farcaster is a blockchain-based social protocol founded by two former Coinbase employees. It functions like a public network similar to Twitter or Reddit, where users can post “casts,” follow others, and fully own their profiles and social connections, with the freedom to switch between apps.

In March 2025, the project team released the points system in the Warpcast app. Hence, we decided to prepare a step-by-step guide on how to join the Farcaster airdrop.

Read More

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