Neynar is seeking a new team to run Farcaster, Clanker and its developer platform after protocol fees fell to $376,740 between July 1 and Aug. 17. Rish Mukherji said Neynar will return most of its remaining balance sheet and its staff will move on. CLANKER traded at $12.29, down 3.6% on the day, while fee-funded buybacks have stopped.
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Neynar Seeks Buyer for Farcaster as Fees Fall to $376,740
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