Farcaster

Warpcast Rewards FAQ

1. Why USDC?
Simple.

2. Why $5?
Felt like a good starting point. Remember, it’s a daily payout to the top 100 casters.

3. Is this competitive with X, Y, or Z?
No. Its additive. Only thing it’s competing against is payouts from X or YouTube.

4. I want to be mad at this!
Check out /cute-animals

yesterday, I don't think I fully appreciated how cool it is that the Merkle team decided to effectively spin up a creator fund and was able to implement it over a few days (anons included) without a single form or signature. No worries about banking infra, currency conversions, payment delays, etc.

Youtube first started creator payouts in 2007 in the U.S. Then slowly navigated banking infra in stabler countries (i.e. Australia, Canada) then worked their way over to Europe, India, etc. and by 2015 considered themselves a "global creator fund". It took them 8 years!!

Even today, there are so many countries in Africa they simply can't get into their creator $ system because of banking infra.

Regardless of whether Warpcast continues the experiment for content quality purpose, it's pretty awesome they implemented this creator fund built on crypto rails as a "quick test".

/toc Onchain strategy at terminallyonchain.xyz | co-host /latenightcrew

Impressive innovation by the Merkle team to create a creator fund on crypto rails in just a few days