Farcaster

Artist, strategist, and designer. Studying the meta and building decentralized brands. https://www.artsos.app/usersteen-eth

I think top of funnel discoverability is something to improve. 

Clear value prop, call to action to sign up, explain why there’s cost.

But the reality is word of mouth and invites from passionate existing users will be the best growth vector.

I think the Farcaster registration cost is the highest drop off stage of the funnel - most users don't have enough proof of value

The highest leverage opportunity right now is figuring out how to increase the perceived value to the user before getting them to pay; other apps use the freemium model for this problem

Building Larry, FOSS via @frames, @framesfun /open-frames to help decentralized social win. a16z CSX23. farcasterchannels.com farcaster.id

Farcaster needs a similar free onboarding funnel to have a greater timeframe to convince users it's worth paying for. Without allowing for sybil or spam. 

Need ideas!

Perhaps you could stake $7 to "light" invite a user, giving them a smaller amount of storage that expires sooner. If they spam, you get slashed.

@dwr.eth what do you think of this idea? 

perhaps they get 50 casts and 200 reactions & 3 months expiry - at the end of that period, or sooner, they get prompted to fully onboard and pay. Slashing mechanism could be rudimentary mvp for now, Warpcast doing it algorithmically

It’s a good idea!

Simpler model is reduce storage unit down to something smaller. Most users churn or lurk, so trial and staking less necessary. Apps would just sponsor most cheap signups with the assumption that x% convert

At what price would Warpcast sponsor initial signups?