Shenzhen TechFlow news, according to a Bloomberg report, people familiar with the matter said that Farcaster developer Merkle Manufactory is about to complete a round of financing led by Paradigm, with a valuation of approximately US$1 billion. Dan Romero, former vice president of Coinbase and co-founder of Merkle, confirmed on March 29 that the startup was raising funds but did not specify the amount.
According to previous news, Merkle Manufactory, a company of former Coinbase executives, completed US$30 million in financing, led by a16z.