PANews, October 16: According to The Block, Balaji Srinivasan’s Network School has acquired the decentralized social network Farcaster from Neynar. This marks Farcaster’s second ownership change this year; Neynar had previously taken over the platform from its original developers, Merkle Manufacturing, in January. The transfer includes the Farcaster application, protocol codebase, and related products. Most of Neynar’s team members will join Network School, while co-founders Rish and Manan will depart. The future of the token issuance platform Clanker remains unclear.
Decentralized social network Farcaster acquired by Balaji’s Network School
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Summary
According to PANews, Balaji Srinivasan's Network School has acquired Farcaster, a decentralized social network, from Neynar. This marks Farcaster’s second network upgrade in 2026, following Neynar’s acquisition from Merkle Manufactory in January. The transfer includes the Farcaster app, protocol codebase, and associated products. Most of Neynar’s team will join Network School, while co-founders Rish and Manan will depart. The future of the token issuance platform Clanker remains uncertain.
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