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https://warpcast.com/~/channel/hottakes
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alex
@proxystudio.eth
farcaster OG should have been an ERC1155, the fact that all the token art is identical but the tokens are unique will hinder the long term value and significance of Farcaster OGs
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artlu 🎩
@artlu
where do you see fair value? and what if you assume Merkle will not touch the project again, but a new replacement project won't get enough burns to become cultly significant? my mental model is one fc-og = 3 floor Farcats assuming no utility, just collectible vibes
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alex
@proxystudio.eth
I don't own farcats or farcaster OGs in part because I arrived after they launched, didn't know their creators or understand the significance. definitely assume pure collectible vibes, and that Merkle won't touch them, but I do think wrapping is a real possibility. Individuals might wrap, turn them into derivatives
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artlu 🎩
@artlu
worth reading, lore from @0xen https://paragraph.xyz/@0xen/farcatswtf
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