COMPANY PROFILE

Farcaster

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A sufficiently decentralized social network - an open protocol that can support many clients, just like email

Los Angeles, United StatesFounded 2020Consumer Services

Valuation $500M–1B Last recorded · 2024

Revenue <$1M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About Farcaster

A decentralized social network built on the Ethereum blockchain, operating as a public platform similar to X and Reddit. Users can create profiles, publish short messages called "casts," and follow other users.

The protocol allows for the creation of "Mini Apps," which are web applications built with standard web technologies (HTML, CSS, and JavaScript) that function directly within the Farcaster feed. These applications can integrate with native Farcaster features through a software development kit (SDK).

To create an account, a user needs an Ethereum address to register a username and set up a profile. The business model appears to be centered around providing the infrastructure and protocol for a decentralized social ecosystem, with revenue potentially generated from developer tools, transaction fees for certain actions on the network, or other services built on top of the core protocol. The target market includes both general users seeking a decentralized social media alternative and developers looking to build applications within this ecosystem.

MoreLess Source: Dealroom company data

At a glance

Status: Acquired
Founded: 2020
Headquarters: Los Angeles, United States
Employees: 22
Open positions: None listed
Dealroom signal: 68.3/100
Industry: Media
Sub-industry: Social media
Sector: Consumer Services, Developer Tools, Decentralised Applications, Web 3.0, Crypto and Web3, Hard Tech
Technology: Blockchain
Business model: SaaS
Client focus: b2b
Investment activity: 3 companies, latest Oct 2025
Capital deployed: $3.5M
Preferred round: SEED
Links: Website LinkedIn X

Knowledge graph

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
ACQUISITIONOther financing	Jan 2026	$0	—	Neynar	↗
LATE VCOther financing	May 2024	$150M	$600M	Standard Crypto · Variant · Haun Ventures · Paradigm	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022		—

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Growth signals

Farcaster website traffic

Latest recorded traffic for Farcaster is 180K monthly website visits, down 37.9% over the last three months. Farcaster's team declined 31.3% over the past year.

Latest monthly visits180K 3-month web change-37.9% 1-year team growth-31.3%

Monthly website visitsOct 2022–Jul 2026

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