TechFlow news — Former Coinbase executive Dan Romero said Tuesday that his company, Merkle Manufactory, has raised $30 million in a funding round led by a16z, with participation from Standard Crypto, Elad Gil, 1confirmation, Scalar Capital, First Round Capital, Volt Capital, A Capital, Todd and Rahul's Angel Fund, Coinbase Ventures, Mischief, Ansa Capital, Haystack, Ribbit Capital, Chapter One, Multicoin Capital, Offline Ventures, Archetype, Canonical Crypto, Proof Group, Floodgate, Balaji Srinivasan, 6529, Ray Tonsing, and several other angel investors. The funds will be used to develop Farcaster, a decentralized social networking protocol.
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