October 15th 2026, 9:41 PM
Network School Upscales Farcaster with Smart Contract Governance
Key Summary
Balaji Srinivasan's Network School has acquired Farcaster from Neynar, introducing a new 'social smart contract' to govern user interactions and moderated features, while maintaining the platform's open nature.
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Farcaster Acquisition by Network School
Balaji Srinivasan's Network School acquired Farcaster from Neynar.New Governance Model
Users must sign a 'social smart contract' or drop to read-only access.Moderated Features and Rulebook
The platform will maintain its open and permissionless nature, but its main app will be reimagined with moderated features and a new rulebook inspired by Singapore's standards of public conduct.User Engagement and NFT Rewards
Current users will have a vote on the new operational models and receive an on-chain NFT for their support.Financial Terms
The financial terms of the deal have not been disclosed.#Farcaster#NetworkSchool#BalajiSrinivasan#Singapore#SmartContract