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Dan Romero
@dwr.eth
We’re planning to launch a new, optional “Pro” protocol subscription 1. At launch, subscribers will have a Pro badge on their profile 2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time. 4. $120 a year / $10 a month Why are we doing this? - The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company. - We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth. - So we’re trying an opt-in pro subscription as another model Why now? - Figuring out a long-term revenue model that works will allow us to double down on investing in growth
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Ashwinikumar
@ashwini
Do the pro subscribers still need to hold additional $25 in the wallet for the verification badge thing? I think back to back announcements might cause confusions like this. If we are paying $10 for monthly subscription + a $25 in the wallet then it becomes $35 a month, I know it's optional for the Pro subscription but can these two find a way to merge?
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Dan Romero
@dwr.eth
Will do a follow up post
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Theujunwa
@theujunwa
Thanks for saying my Mind ashwini
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