According to The Block, Balaji Srinivasan’s Network School acquired Farcaster from Neynar. Following the acquisition, users are required to sign a “social smart contract” in order to maintain active posting and interaction capabilities on the platform. Those who do not sign this agreement will be limited to read-only access.
The change affects all current and future users of Farcaster under Network School’s ownership. The social smart contract is described as governing user permissions related to content creation and distribution. No further details about the contract’s terms, scope, or enforcement mechanism were provided in the source material.
