UPDATE:

A Farcaster **Client** raised $150M!

This is pretty nuts. Time to put the gloves on and turn things up 😤

nostr:nevent1qy2hwumn8ghj7umhd9ehxtnwdaehgu3wd33j7qgwwaehxw309ahx7uewwa5kutcppemhxue69uhkummn9ekx7mp0qqs0rr3epcsj6zr77cjw4wkx86vgn3m788kf8ddusxx36pj0z86xa5cy7dfqx

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Discussion

Crazy. There is no way to return that investment without dumping on retail.

I don't think there's any public info about the valuation but I'd imageine they're approaching 1B.

This will further centralize Farcaster. 1 client has 100x the funding of any other in the ecosystem.

Did I see something about a LN address that we could zap that distributed to a number of devs working on things across Nostr?

The best way to centralise even the best decentralised protocol (not that farcaster is). I hope this does not happen to Nostr.

It’s not *a* client, it’s *the* client. Important difference.

Agreed with the conclusion though.

100% and this $ will only make the single client dominance worse