Paradigm invests $1b in Merkle Manufactory, boosts Farcaster network

Merkle Manufactory, the brains behind the Farcaster network, is reportedly on the brink of securing a major funding round that values the company at approximately $1 billion. This development, first reported by Bloomberg, is a significant milestone for the Los Angeles-based firm. Former Coinbase executives Dan Romero and Varun Srinivasan co-founded the company in 2020. Now, it is poised to hit...