**[Farcaster Seeks New Operations Team to Take Over the Product, Original Team Members to Shift Focus to New Projects]** BlockBeats News, August 18 — Farcaster, Clanker, and Neynar have initiated the process of finding new ownership and operations teams for their respective products. According to the teams involved, earlier this year, the development directions of these products and teams were relatively aligned, but as circumstances have changed, the current teams believe they are no longer suited to meet the operational needs of the next phase. Discussions are underway with several teams that may be better equipped to manage decentralized social applications and related developer products. Team members stated that the focus of this adjustment is to find a suitable long-term home for Farcaster and related products, ensuring the continued development of the projects. This decision was not made lightly, and the relative quiet over the past month was primarily due to internal reflection. The team believes that Farcaster has a strong community foundation and significant user recognition, and they are confident that after the next phase of adjustments, the project will find a more suitable path for long-term development. Additionally, the company will return funds from its balance sheet, with most of the funds still intact. Team members will also shift their focus to new projects. The team emphasized that this adjustment will not affect the normal operation of the related applications and developer products, and they stated that Farcaster has sufficient community support, making it unlikely to disappear as a result. [Original Link]