Industry heavyweights are supporting Farcaster in a big way — and the social media protocol now has an additional $150 million at its disposal. 

Paradigm led Farcaster’s latest fundraise, the startup revealed Tuesday. Other participants included a16z, Haun Ventures, Union Square Ventures, Variant and Standard Crypto.

Farcaster looks to use the $150 million in capital to grow its user base and add developer tools, according to co-founder Dan Romero.

Farcaster is the permissionless protocol behind the social network Warpcast. In January it launched a feature called Frames that allows users to embed functionality on Farcaster applications without having to leave the app.

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