Search results for Dan Romero
Crypto
Farcaster co-founders join stablecoin blockchain Tempo
Farcaster co-founders Dan Romero and Varun Srinivasan have joined Tempo, a stablecoin-based payments startup, CoinDesk reported. Farcaster had drawn attention as a crypto-based alternative to Twitter but was recently acquired by Neynar, an infrastructure provider that supports APIs and tools for developers. Tempo is a stablecoin project formed last year with payments company Stripe and crypto venture firm Paradigm taking the lead, and aims to innovate international payments.
Crypto
a16z-backed crypto startup Entropy to shut down, return funds
Crypto startup Entropy will close after four years and return invested funds, Cointelegraph reported on Jan. 26 local time. The company, which developed a crypto automation platform, said it decided to shut down after failing to find a scalable business model. CEO Tux Pacific said Entropy would wind up operations and return capital to investors. Entropy began in late 2021 as a decentralised asset custody solution and raised $25 million in seed funding.
Crypto
Decentralized social network Farcaster to return entire $180 million investment
Decentralized social network Farcaster will continue operating after being acquired by Neynar and plans to return $180 million in investment funding, Cointelegraph reported. Co-founder Dan Romero said the project is not ending and will move in a developer-focused direction with Neynar’s support. Farcaster enables users to own their identities and connections on-chain and had 250,000 monthly active users as of December. Some team members will move to new projects.
