FARCASTER developer MERKLE MANUFACTORY is about to complete a funding round led by PARADIGM, with an estimated valuation of around $1 billion. DAN ROMERO, former Vice President of COINBASE and co-founder of MERKLE, confirmed on March 29th that the startup is raising funds, but did not specify the amount. Previously, MERKLE MANUFACTORY completed a $30 million funding round led by A16Z.

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<p>According to Bloomberg, informed sources revealed that Farcaster developer Merkle Manufactory is about to complete a financing round led by Paradigm, with an estimated valuation of around $1 billion. Dan Romero, former Vice President of Coinbase and co-founder of Merkle, confirmed on March 29th that the startup is raising funds, but did not specify the amount of financing.</p>
<p>In previous news, Merkle Manufactory, a company led by former Coinbase executives, completed a $30 million financing round with a16z as the lead investor.</p>
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The developer of FARCASTER, MERKLE MANUFACTORY, is about to complete a $1 billion financing led by PARADIGM.