Farcaster founder: The protocol is operating normally, and the funds for purchasing the house came from Coinbase IPO proceeds.

Techub News reports, Farcaster founder Dan Romero addressed market rumors in a tweet, stating, "Farcaster has no plans to shut down. The protocol is currently operating normally and will continue to run stably in the future. In December last year, it had 250,000 monthly active users and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup planning to steer Farcaster towards a more developer-focused direction. Regarding the Merkle project, we plan to return the full $180 million raised to investors. Over the past five years, we have always strived to manage investor funds prudently. Finally, it should be noted that the funds for my property purchase came from the proceeds of Coinbase's Initial Public Offering (IPO)."