Merkle Manufactory to Return $180 Million to Farcaster Investors

The developer of the Farcaster crypto-based social media protocol has announced plans to distribute $180 million back to its investors.

Summary

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Terms & Concepts
  • Farcaster: A decentralized social media protocol built on blockchain technology that allows users to maintain control over their social identities.
  • Crypto Protocol: A set of blockchain-based technical rules that enables decentralized applications or networks to function securely without intermediaries.
  • Merkle Manufactory: The company behind the Farcaster protocol, focused on developing blockchain-enabled social networking platforms.