Farcaster Acquired by Balaji's Network School, Rebranded as Network State Protocol
Balaji Srinivasan's Network School is acquiring Farcaster from Neynar less than nine months after Neynar took it over, rebranding it as the Network State Protocol with AI moderation and proof-of-humanity features.
What we know
@TheBlockCo reports the acquisition: the platform will introduce AI moderation and proof of humanity in a bid to 'build a network of opt-in digital societies.' The deal is notable for the rapid ownership turnover — Neynar held Farcaster for less than nine months — and Balaji's framing of the project as a decentralized social network-state. This marks Balaji's most significant practical move toward his 'network state' thesis.
Sources
“Balaji Srinivasan's Network School is acquiring Farcaster from Neynar... rebranded as the Network State Protocol, it will introduce AI moderation and proof of humanity”
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