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https://warpcast.com/~/channel/farcasterunion
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Njal
@cryptonjal
Anyway, these are some thoughts I have.Another spin-off after calculating Farcaster's quantity and quality. I forgot, but investors invested $180M in Farcaster, with the latest deal ($150M) in May 2024. The value of Merkle Manufacturing was estimated at $1B. But, if you look at the image, the protocol revenue over the last 90 days on a given day collapsed after end June 2024.
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Njal
@cryptonjal
A focus on alternative income streams, which we have seen lately, is therefore logical. I imagine that the airdrops, integrated wallet, and testing with paid promoted casts are alternatives to meet investors expectations. The fact that they no longer see protocol revenue as the main source of income, but as an obstacle to participating in the network, is also evident from the fact that they have reduced the cost per unit (you also get less in return) and that that ear onboarding is now free. Perhaps not surprising because crypto people understand that onchain transactions and storage cost money, but that the rest of the internet users expect internet services to be free.
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Njal
@cryptonjal
One disadvantage is that in the event of an economic crisis, investors become more reserved and if they can postpone or cancel an obligation to provide money, they will not let it go. These are probably also the moments when there are relatively few swaps in Warplets, where I see the most potential to generate revenue through commission. I'm not saying this is going to be a problem, but it seems like a theoretical risk to me at the moment. Although, you would expect them to take crypto winters into account. Anyway, these are some thoughts I have.
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