Farcaster seeks new operator seven months after sale

Neynar is seeking a new team to operate Farcaster, Clanker and its developer platform, cofounder Rish Maheshwari said on Aug. 17. Summary Neynar began seeking new operators less than seven months after acquiring Farcaster from Merkle Manufactory. The proposed handoff includes Farcaster, Clanker, and Neynar’s developer platform, according to cofounder Rish Maheshwari. DeFiLlama currently reports Farcaster gross protocol revenue fell sharply after its first quarter peak. Merkle planned to return $180 million after Neynar acquired Farcaster’s protocol, application, and Clanker assets. No successor, transfer timetable, sale price, or service shutdown has been announced publicly by Neynar. The process comes less than seven months after Neynar acquired the decentralized social protocol from Merkle Manufactory. Maheshwari disclosed the search in an X post. Neynar has not named a prospective operator or provided a deadline for proposals. It also has not disclosed whether the process involves a sale, transfer of control or another operating arrangement. The announcement marks Farcaster’s second planned leadership change in 2026. Merkle founders Dan Romero and Varun Srinivasan stepped away f...