Farcaster founders step back as Neynar acquires struggling crypto social app

The founders of Farcaster have decided to step back from their roles as Neynar takes the opportunity to acquire a struggling cryptocurrency-focused social media application. This strategic move comes at a time when the app has faced challenges in maintaining user engagement and financial stability, prompting Neynar to intervene with the goal of revitalizing the platform and steering it toward a more successful future. source: https://www.coindesk.com/business/2026/01/21/farcaster-founders-step-back-as-neynar-acquires-struggling-crypto-social-app