Balaji Srinivasan’s Network School Acquires Farcaster From Neynar

The ownership change matters less than the mechanism attached to it: tying continued participation to a signed social smart contract turns a protocol migration into an explicit consent event, with read-only status as the default for anyone who declines. That shifts the user relationship from passive account holding to active, on-chain agreement, a template other social protocols could copy. The undisclosed terms leave the commercial logic opaque, so whether this becomes a durable governance model or a one-off experiment is the open question.