Network School, the initiative led by former Coinbase CTO Balaji Srinivasan, announced on October 15, 2026 the acquisition of the decentralized social platform Farcaster from Neynar. The platform will be rebranded as Network State Protocol and will include AI moderation, proof of humanity checks, and a code of conduct modeled on Singapore. Current users will be asked to vote on the new operational models and will receive an NFT if they opt in. Financial terms of the deal have not been disclosed. In 2024, the project had raised $150 million from investors including Paradigm and a16z crypto.
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