Farcaster

Where we are and where we're going

1. Recently, we've seen a decent increase in daily active users (DAU). Between 200K and 300K users open Warpcast every month. This needs to be 10-100x greater for Farcaster to be sustainable.

2. We've also seen a lot of previously "churned" users reactivate on Farcaster.

3. We've significantly upgraded our developer UX with mini apps (formerly frames) and wallet. 70K+ funded wallets.

4. We've scaled our USDC rewards programs for content, mini apps and invites. $250K+ in USDC rewards and growing.

5. We've introduced a new series of verifications to help developers better understand users on the protocol. Over 150K+ users have at least one verification.

6. We've launched airdrop offers, allowing developers to target Farcaster users who use their apps via mini apps.

7. Snapchain is launching soon. It's a novel, blockchain-like distributed system that will allow us to scale the protocol for the next 10x.

8. We've grown the team by 50% since the start of the year.

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