Degen

everything we have here is because of degen; this is how crypto works

every single one of your favorite “influencers” & almost all of the devs here made $100K+ on degen, which was then reinvested

that money sparked a dao, which funded proxy, which led us to clanker. it was the eth that was thrown in higher partydao. it was the seed for tn100x, which then built bnkr. it was the entirety of retention via microsub tips & hypersub. it held artists. it sparked innovation. it helped fund enjoy, farterminal, bleu. it helped fund jeeves, source, and now clankermon. it gave the cpg folks gas. it sparked farcon itself. it pushed VC capital directly into our eco. it built massive communities around bfg, wake, pichi, burr, and moxie. it brought in ghouls & mfers. it built super & other clients. it was degentlemen which led to farworld & now farcade

it formed, funded & retained the initial community—those who still make up most of fc today

this is how downstream ecosystem propagation works

happy birthday 🎩

1596 people clamied 5,544,890,393 DEGEN for Airdrop 1. The value Airdrop 1 at its ATH price on March 31, 2024 was $346,112,058.33. A lot of farconomy founders, creatives, and builders were early DEGEN holders and grant recipients.

For context: Farcaster's Series A was $150,000,000.