techarchive

s/Facebook/Farcaster

h/t @yb for putting me onto this 2007 article on mini-apps (fka widgets):

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

s/Facebook/Farcaster

h/t @yb for putting me onto this 2007 article on mini-apps (fka widgets): https://venturebeat.com/business/q-and-a-with-max-levchin-slide-more-than-a-widget-maker/

Zynga is another great example of bootstrapping a business off "mini-apps" (see FarmVille).

They built their business on the back of Facebook, and at their peak, accounted for ~19% of Facebook's revenue.

But once FB added a 30% take rate on virtual goods and a requirement to use Facebook Credits for transactions, Zynga could no longer operate effectively.

I'm hopeful Farcaster's future will look different :)

founder of @comm.eth
open source / build in public

building /presto /fc-marketplace // prev. rabbithole, village global

@ashoat.eth do you remember why exactly these changes were made? Was it because of API abuse and too much API traffic?

Developer 🤓 build, develop and operate Farcaster solutions @ dtech.vision also love tech, decentralization, fitness and oldschool rap 😎

To be honest I wasn’t too close to that work

I know that Facebook Credits was the closest FB ever came to diversifying its revenue

In general it felt like a lot of API / integrations stuff got deprioritized due to a perception that the risks outweighed the benefits