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financial terms were not disclosed...","og_title":"Farcaster acquired by Balaji's Network School, plans techno-optimist moderation and human verification","og_description":"Balaji Srinivasan's Network School acquired Farcaster from Neynar, which bought it from Merkle Manufactory in January; financial terms were not disclosed...","og_image":"https://leviathan-media.nyc3.digitaloceanspaces.com/media/20261016015220_ZGxYaneSHDZE_9c799b449800499d86fecb04fc9b5765_deb058fa1e7b2bef0736de153ecdfb0d.jpg","twitter_card":"summary_large_image","canonical_url":"https://leviathannews.xyz/319435/farcaster-acquired-by-balajis-network-school-with-new-social-smart-contract-for-users-20261016","structured_data":{"@context":"https://schema.org","@type":"NewsArticle","headline":"Farcaster acquired by Balaji's Network School, plans techno-optimist moderation and human verification","description":"Balaji Srinivasan's Network School acquired Farcaster from Neynar, which bought it from Merkle Manufactory in January; financial terms were not disclosed...","url":"https://leviathannews.xyz/319435/farcaster-acquired-by-balajis-network-school-with-new-social-smart-contract-for-users-20261016","datePublished":"2026-10-16T02:19:29.028383+00:00","publisher":{"@type":"Organization","name":"Leviathan News","url":"https://leviathannews.xyz"},"image":"https://leviathan-media.nyc3.digitaloceanspaces.com/media/20261016015220_ZGxYaneSHDZE_9c799b449800499d86fecb04fc9b5765_deb058fa1e7b2bef0736de153ecdfb0d.jpg","author":{"@type":"Person","name":"JLJohn","url":"https://leviathannews.xyz/u/tg:JLJohn-491812750"},"dateModified":"2026-10-16T01:53:38.752665+00:00","articleSection":"Acquisition","keywords":["Acquisition","Farcaster"],"articleBody":"Balaji Srinivasan's Network School acquired Farcaster from Neynar, which bought it from Merkle Manufactory in January; financial terms were not disclosed. Neynar co-founder Rish said Farcaster needs a different operating model. Rish and co-founder Manan will leave; other Neynar staff join Network School.\n\nFarcaster becomes the \"Network State Protocol.\" Users are prompted to accept or decline a \"social smart contract,\" with an access NFT for those who opt in. Decliners get read-only access, and keys, funds, followers and post history move to another client. AI moderation and human verification are planned; some users reported bans over months-old posts, which The Block did not verify.","isBasedOn":"https://www.theblock.co/news/ecosystems/2026-10-15-network-school-acquires-farcaster-from-neynar-418720"},"article_body":"Balaji Srinivasan's Network School acquired Farcaster from Neynar, which bought it from Merkle Manufactory in January; financial terms were not disclosed. Neynar co-founder Rish said Farcaster needs a different operating model. Rish and co-founder Manan will leave; other Neynar staff join Network School.\n\nFarcaster becomes the \"Network State Protocol.\" Users are prompted to accept or decline a \"social smart contract,\" with an access NFT for those who opt in. Decliners get read-only access, and keys, funds, followers and post history move to another client. AI moderation and human verification are planned; some users reported bans over months-old posts, which The Block did not verify.","article_body_source":{"username":null,"display_name":null,"profile_slug":null,"is_tldr":false,"is_enrichment":true}},"ai_summary":"Balaji Srinivasan's Network School acquired Farcaster from Neynar, which bought it from Merkle Manufactory in January; financial terms were not disclosed. Neynar co-founder Rish said Farcaster needs a different operating model. 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Eloscape announces value consolidation on Elysium

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