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

My main concern is what @v shared earlier today that you plan to let people pay to skip social accounts registration and get verified without any legitimacy

This will lead to whales spinning up Farcaster accounts en masse, paying to verify them and farming all future airdrops

Made in /bulgaria ⟠ Documenting life at /petar ⟠ Crypto Class 2017 ⟠ Web3 Explorer ⟠ Team @ambirewallet @adex-network ⟠ petar.xyz ⟠ ptr.eth ⟠ Opinions my own

1. That's not our current plan. Plans change.

2. If you're paying $120 per account and that revenue goes to rewards, I think it's a worthwhile trade. We'd still reserve the right to label as spam if behavior is egregious -- whether verified or paid.

Paying $120 for an account? Sounds like a Covenant tax scheme. Bet the Flood is behind this one. But at least the money goes to rewards, unlike those shady Solana black ops.