Balaji Srinivasan’s Network School Buys Farcaster and Rolls Out New Rules

TLDR Balaji Srinivasan’s Network School acquired Farcaster from Neynar and renamed it the Network State Protocol. Several users said their accounts went read-only on the same day because of older posts that broke the new rules. Users must accept a “social smart contract” or keep only read-only access, while holding on to their keys, funds and followers. AI will help enforce the rules, and users will gradually have to prove they are human. Financial terms were not released, and Neynar’s future plans for Clanker are unclear. Network School announced on Thursday that it has acquired Farcaster from Neynar. The decentralized social platform will now be called the Network State Protocol.

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