Decentralized Social Networking Tools Provider Neynar Closes $11 Million Series A Led by Haun Ventures
May 30, 2011 - Neynar, a provider of decentralized social networking tools, has closed an $11 million Series A round of financing led by Haun Ventures, with participation from a16z, CSX, Coinbase Ventures, and Union Square Ventures, according to Fortune magazine.
Neynar is said to be a company that provides developers with tools to build decentralized social networks, and most of the developers currently using Neynar's services are building social apps on Farcaster, although the company aspires to be the platform of choice for developing any social protocol.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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