TechFlow reports, citing Bloomberg, that sources familiar with the matter said Farcaster developer Merkle Manufactory is close to completing a funding round led by Paradigm, valuing the company at around $1 billion. Dan Romero, former vice president of Coinbase and co-founder of Merkle, confirmed on March 29 that the startup is raising funds, though he did not disclose the amount.
Previous report: Former Coinbase executive's company Merkle Manufactory raised $30 million in a round led by a16z.




