Why would a crypto social network raise $150M??

Web3 investors just bet $150M on a social network with 80,000 DAUs — can it live up to the hype?

--- Farcaster is a "protocol for building decentralized social apps"

--- Warpcast is an app built by Farcaster that is similar to X

--- Developers are building other apps that connect to the Farcaster protocol

---The question for the startup is if it can expand beyond its early, crypto-friendly audience and eventually challenge today's social networking giants

--- For crypto, a new breakout consumer service built on the blockchain would be a win. Farcaster wants to build it.