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Ferran š
@ferran
1/2 My forecast for 2025 is that the integration of Farcasterās social layer in Coinbase Wallet will be a spectacular failure. We'll probably see a spike when it comes out of beta (after all, thereās a segment of Coinbase Wallet users who enjoy trying out new things and if they do it well people will try it out) but I predict that by the end of summer, no more than 5% of messages will come from there, and DAUs via Coinbase will be negligible. The reasons? Current Farcaster status quo simply isnāt appealing outside an extremely narrow niche. People donāt want a social layer tied to their wallets. And 99% of people don't give a fuck about financial incentives (basing a significant part of your growth strategy on that is shooting yourself in the foot. Itās a massive trap that could be very difficult to escape from). Continue...
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Ferran š
@ferran
2/2 By the end of the year, this will likely force a major pivot in Farcaster go-to-market strategy toward something far more sexy than whatās been shown so far (which, tbh, has been one of the least exciting GtMs Iāve seen in a long time for a project with this much potential). Hopefully, that pivot will finally position it as a protocol that feels useful to a broader audience, and weāll start to see more mainstream growth and regular developers and communities will find utility in Farcaster. This is just a positive criticism, I want FC success, and I'm looking forward to proving myself wrong!
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GIGAMĪSH
@gigamesh
I agree with some of that, but focusing on creators is already on their roadmap. IMO that is the āsexyā pivot.
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Ferran š
@ferran
Iām really interested to see what this will mean when they execute it. Do you know if they expanded on this more during FarCon? Because if it's just "fArCaStEr iS ThE OnLy nEtWoRk In wHiCh aRtIsTs cAn eArN" and then a lot of focus on NFTs and this type of stuff... I'll be quite disappointed.
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