fc-updates

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

Farcaster pro subscription AMA

What are you confused about?

What are you fearful of?

https://farcaster.xyz/dwr.eth/0x172f5081

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Will there be a clubMID™ TIER for trusted uses in the 5 dollar a month range that has 3 embeds and still the same stuff as the others just not as fancy for us clubMID™ folxs here that need a bit more yet cannot afford that high hike?

stream of concious writer, music composer, & artist | co-founder of /wac | portrait.so/jacque

No plans for another tier. It’s a good idea so maybe something to revisit, but trying to keep it simple.

It brings up a good point that I think about re the global reach of crypto…

Reality that $10 is different based on your local range of incomes etc.

Not sure what you can do about it per se, just aware that $10 for me is different than a Farcaster based in Nigeria or other country with lower average income.

Like the sponsorship idea a lot,

Growing veggies for the fine folks of Southeastern Massachusetts, w/ a focus on nutrient quality. Always interested in the evolution of digital payments.  🎩 

Yeah, I think it's challenging that permissionless smart contracts are open to everyone anywhere. So you have to price higher in some places. See gas fees, ENS, etc.