Farcaster acquired by Balaji’s Network School, with new ‘social smart contract’ for users

Balaji Srinivasan's Network School has acquired the decentralized social protocol Farcaster from Neynar. Under the new ownership, users must sign a "social smart contract" or be downgraded to read-only access. The deal is a niche development for a crypto social platform with no direct bearing on major token prices, though it signals continued consolidation and experimentation in the decentralized social space.