Network School, the organization founded by Balaji Srinivasan, acquired decentralized social network Farcaster from Neynar, marking Farcaster’s second ownership change of the year, according to BlockBeats on Oct. 16, 2026. The transaction value was not disclosed.
Change in ownership
Neynar co-founder Rish said the company evaluated multiple offers before transferring the Farcaster app, protocol codebase and related products to Network School. Rish and co-founder Manan are leaving, while the remaining Neynar staff will join Network School to continue working on Farcaster.
Neynar had acquired Farcaster from original developer Merkle Manufactory in January, in a deal that also included token-launch platform Clanker. The report did not disclose terms for either acquisition.
Source: BlockBeats flash.