Oddbean new post about login | logout Degen token rises 17% with Farcaster's $150 million Series A investment round. Farcaster, blockchain's answer to traditional social media, has raised $150 million in a Series A funding round led by Paradigm, sending a community token upwards. https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=587/https://s3.cointelegraph.com/uploads/2024-05/41ef78a9-055b-44d7-a2cc-c03f9d5b5ca3.jpg
The funding round also included participation from Andreessen Horowitz, Haun, USV, Variant, and Standard Crypto. The Degen token, which is a community-created token on the Farcaster platform, surged 17% in response to the news of the funding round . The token is currently trading at $0.023. It is worth noting that the Degen token is not an official token of the Farcaster protocol
