Farcaster acquired by Balaji’s Network School, with new ‘social smart contract’ for users

Balaji Srinivasan's Network School acquired Farcaster from Neynar. Users must sign a 'social smart contract' or lose access to read-only mode. The acquisition shifts Farcaster's governance and access model, tying participation to a new contractual agreement. The move signals a broader trend of social platforms integrating blockchain-based identity and access controls.