TLDR:
– Farcaster, a blockchain-based social platform, raised $150 million in a Series A funding round led by Paradigm, causing the community token DEGEN to surge 17%
– Farcaster founder Dan Romero stated that the funding will support the platform’s growth and attract more users
Degen token surged 17% as Farcaster, a blockchain-based social platform, confirmed a $150 million Series A raise led by Paradigm. The community-created token DEGEN jumped following the funding round announcement. Farcaster founder Dan Romero mentioned that the funds will support the growth of the platform, which has seen significant user activity and an increase in sign-ups. Additionally, the platform plans to focus on enhancing developer primitives to attract more users and increase engagement.
