Just talked about Farcaster 2 days ago, and after Neynar took over, there’s been zero progress. Now there’s finally some movement—founder Rishav Mukherji, likely overwhelmed by massive expenses, just tweeted saying he’s looking for a new team to take over and run the product. This star project, backed by top-tier VCs like Paradigm, a16z, and Coinbase, was born with a halo. But after building through one bull market, it’s now searching for another buyer! Once valued at a whopping $1 billion as a social media leader, calling it a hot potato now wouldn’t be an exaggeration. Monthly operating costs are as high as $100,000, and the key issue is there’s barely any income. Finding the next buyer might really be the best option. Reminds me of another social media runner-up—after being acquired by Mask, there’s been little action. Will it be sold at a discount or continue building?