Merkle Manufactory, a Los Angeles-based software company behind the Farcaster decentralized social networking protocol, is reportedly nearing the conclusion of a funding round with a $1 billion valuation. Bloomberg, citing “people with knowledge of the matter,” reported the billion-dollar valuation and noted that the crypto investment firm Paradigm is leading the round. Merkle is behind […]

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The post Firm Behind Crypto Project Founded by Former Coinbase Executives Hits $1,000,000,000 Valuation: Report appeared first on The Daily Hodl.
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