Farcaster co-founder Dan Romero has confirmed that the Farcaster protocol will remain operational, dismissing shutdown rumors. The protocol, which had 250,000 monthly active users and over 100,000 funded wallets in December, will transition under Neynar, a venture-backed startup aiming to focus on developer engagement. Romero also announced that Merkle, the company behind Farcaster, plans to refund the $180 million raised from investors, emphasizing their commitment to responsible capital management over the past five years. Additionally, he clarified that funds for his previous home purchase were derived from Coinbase's IPO proceeds.