social

Recently, Bluesky gained over a million new users, bringing the total to over 12M, with DAU hitting an ATH of over 1.5M. This growth likely followed the surge after 𝕏 was banned in Brazil and two key changes on Twitter: allowing blocked users to view posts from public accounts and permitting third-party AI developers to use private user data.

If users are unhappy with these changes, they would typically seek alternatives at the client level. However, since Twitter isn't an open, decentralized protocol, there are no alt-clients, prompting users to turn to perceived decentralized platforms. This shows that the narrative of decentralized platforms providing more control and autonomy still resonates, attracting those seeking greater freedom of speech and privacy protection.

When might those leaving Twitter consider joining Farcaster?

https://www.theverge.com/2024/10/18/24273435/bluesky-user-spike-x-tos-ai-changes-blocking

Bluesky just raised $15M in its Series A, totaling $23M with the seed round, and has 13M users. and it still vows to steer clear of crypto to avoid "hyperfinancializing" the platform.

Farcaster has raised $180M with 700K users now. 

Is this comparison fair? we are still early?

crypto-anarchist · onchain social explorer, advisor · spread FC gospel in /chinese community · curate SocialSight.telegram· write 0xluo.xyz · host /luo ·中文 @luo

What is their plan for revenue and such?

Just curious how to not financially incentivize on social (speaking for creators)

I have no opinion on valuations - I’ve never done that stuff yet

Creator of /sands-of-sumaii - the Farcaster MMORPG | Game Designer

The article mentions that they began developing a subscription model for features. There are, of course, many ways to make a profit, but it has nothing to do with crypto.