Farcaster, founded in 2021, raised $150 million in a Series A round in 2025 led by Paradigm, achieving a $1 billion valuation. Headquartered in New York, New York, United States, the blockchain-based social media startup has raised over $180 million from investors including a16z and Union Square Ventures. The platform empowers users with decentralized ownership of content and data, leveraging blockchain and open source protocols. Funding supports platform scaling, engineering growth, and community expansion. Farcaster is positioned to redefine social media through decentralization and secure user-driven networks.