Farcaster
Farcaster is a decentralised social network for true degens from the former vice-president of Coinbase. It's currently one of the largest projects in the SocialFi segment.
They made a splash in May when they closed an impressive $150M funding round from a16z, Variant and Coinbase Ventures, with Paradigm as the lead investor. So far, they've raised a total of $180M.
Farcaster is used by lots of people in the crypto space, including many developers and other influential figures. Even Vitalik Buterin, after his Twitter account was hacked, now posts here. The project has a very extensive and generous ecosystem. If you pay enough attention, you can also get drops from ecosystem projects, as was the case with the token $DEGEN, or find interesting contacts.
Farcaster has its NFT collection, called Farcaster OG. Its were given away for free to early users, but now the floor is 1.31 ETH (3 ETH at peak).
The activity is almost free, so it's great even for beginners and low banks. What's more, the app has its own native currency, called Warps, which is used to reward content creators.
What to do?
- Download the Android or iOS app;
- Follow the link and accept the invite to get gift warps;
- Create an account on the platform and link your EVM wallet. Subscription costs $5 per year;
- Be active, like and reply other people's posts, create and share content: NFT, meme tokens, memes.
If you're not a professional Web3 enjoyer, even regular posting of live content should do the trick. Just don't spam, make sure your posts are good enough and the topic fits the channel. Otherwise you might get banned.
Useful resourses:
- Auto posting service - https://www.supercast.xyz/
- Simple quiz and frame builder - neynar.com
- Index of tokens released on social networks - www.farcaster.in
- New tokens tracker - https://mint.club/explore/degen
- Bridges: https://bridge.degen.tips/ and https://relay.link/bridge/degen.
My profile - https://warpcast.com/aumei
To be honest, I didn't want to put information about this project into an article until the last moment, as it's already pretty well-known and I wouldn't be able to share something new. But it's summer, so it's a bit slow in the crypto space at the moment. This is a great time to develop your networking skills and replace or add to your existing social networks with the help of Farcaster. There are so many more opportunities than there are on Instagram, especially for builders.
Sourses:
- https://x.com/kepochnik_/status/1793232272281505932 - kepochnik's thread on X;
- https://t.me/TMV_players/48 - Market Players article in Telegram;
- https://t.me/tearsofaimin/308 - Aimin's post in Telegram.