Farcaster founder clarifies: the protocol is currently running smoothly, and the home purchase funds come from Coinbase IPO proceeds

Farcaster founder Dan Romero stated the following clarifications regarding market rumors:

1. Farcaster is not planning to shut down. The protocol is currently running smoothly and will continue to operate stably in the future. Last December, its monthly active users reached 250,000, and the number of funded wallets exceeded 100,000. The acquirer Neynar is a venture-backed startup that plans to shift Farcaster towards a more developer-focused direction.

2. Regarding the Merkle project, we plan to return the entire $180 million raised to the investors. Over the past five years, we have consistently aimed to prudently manage investors' funds.

3. Lastly, I would like to clarify that the funds I used to purchase property came from the proceeds of Coinbase's initial public offering (IPO).