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      Farcaster Acquired by Network School, Set to Transform into Network Nation Protocol

      The decentralized social network Farcaster has been acquired by Network School, led by Balaji Srinivasan, marking its second ownership change in 2026. The financial details of the acquisition from Neynar were not disclosed. Neynar co-founder Rish announced that after evaluating several offers, the decision was made to transfer the Farcaster application, protocol codebase, and related products to Network School, emphasizing the need for a new operational model for Farcaster's next phase.

      Following the acquisition, Rish and co-founder Manan will depart from Neynar, while the remaining employees will join Network School to further develop the platform. Neynar had previously acquired Farcaster from its original developer, Merkle Manufactory, in January 2026, a deal that also included the token issuance platform Clanker. Rish has indicated that he may consider selling Clanker separately, although no definitive plans have been announced.

      In a significant shift, Farcaster will be rebranded as the Network Nation Protocol, which aims to create a digital society that users can voluntarily join. This new model will involve users accepting or rejecting a 'social smart contract,' with those who accept receiving an on-chain access NFT as proof of their participation. This transformation reflects a broader trend towards integrating digital and physical communities.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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