Farcaster’s Billion-Dollar Dreams Fade as Founders Vanish—Experts Weigh In on What’s Really at Stake

Farcaster, a once-promising social protocol, has changed hands, with venture-backed startup Neynar now steering the ship. Meanwhile, founders Dan Romero and Varun Srinivasan slip away like ghosts in the blockchain. The Future of Farcaster: Infrastructure, Community, or Rebirth? Announced on January 21, 2026, the deal’s valuation reportedly hovers near $1 billion, shrouded in secrecy. Meanwhile, daily active users (DAU) have plunged by 40%, and revenue has cratered by 85% source: https://beincrypto.com/farcaster-founders-exit-neynar-acquisition/