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JC🎩
@jonathancolton
I love this hit piece from Defiant: "Remember Farcaster? Activity on the SocialFi Dapp is Plummeting". The article was written by a political scientist who covers crypto. The Defiant published another banger in March 2024: "Farcaster Loses 60% of Users In One Month As Interest In SocialFi Wanes". Do these clowns even understand business or startups? Farcaster is pre-PMF, product-market-fit, and has not even begun onboarding Early Adopters at scale. At best, most of @warpcast's DAU are Innovators who precede early adopters. So Farcaster's revenue as a pre-PMF company is totally a sideshow, which these goons use as clickbait for their ad revenue. https://thedefiant.io/news/nfts-and-web3/remember-farcaster-activity-on-the-socialfi-dapp-is-plummeting https://thedefiant.io/news/defi/farcaster-loses-60-of-users-in-one-month-as-interest-in-socialfi-wanes
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Erik
@eriks
they’ll learn the hard way, funny to see “crypto media” fail to recognize onchain breakthroughs and instead focus on the onchain “fundamentals” lol
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JC🎩
@jonathancolton
I don’t think they understand what’s actually happening with some of the businesses they are covering. So how would they even know what the success metrics are?
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