Degen

MICRO TRANSACTION META

1) We're seeing an increasing number of products take advantage of micro-transactions. See: Warpcast Tipping, @ampsfun, @warpslot, etc.

2) This shift is caused by several converging trends: low gas fees, social identity tied to wallets, and an influx of liquidity (e.g. Warpcast Rewards) that lets users play with "house money". 

3) As txn fees have dropped, new products are emerging that target markets that were previously unavailable due to high fees. See chart below.

4) Warpcast's social graph and product architecture means that users now receive notifications when they are paid, further increasing the virality of products that help users pay each other.

aren’t microtransactions just spam? projects have been dusting wallets forever to get attention. sending someone tokens on Farcaster doesn’t mean they’ll care—people sent me Warps, I ignored them. unless there's utility or context, microtransactions = noise.

Elevating onchain creators @brightmoments @ampsfun @nodefoundation

Maybe, but I think people are gonna get tired of this pretty quickly. If I start seeing a bunch of $1 or even a few cents popping into my wallet all the time, it’s just not a great experience—it kinda feels like someone’s constantly shouting at me through my wallet lol. Personally, I’d much rather get larger payments at regular intervals. Feels more transparent, easier to track, and just more meaningful overall. Curious to see a bigger use case emerge around this though.

No?

Obviously projects that send you incredibly small amounts of random tokens are spam. That’s not what I’m describing.

The shift here is that lower fees allow builders to unlock markets where the average transaction size is small. It didn’t make sense to send someone $1 on ETH mainnet when gas costs were multiples of that. With L2s, it’s now possible to create products where you can charge small amounts for your good or service and not get nailed by high costs. 

Of course, you still need to make up for it in volume to have a viable business, but that’s just economics.

Yup, and the fees are lower than on Base too.

Tipping Degen on chain is a micro transaction

My casts are immutable, but my opinions might get a soft fork.

If I get 20 microtransactions a day, I won’t even notice who sent them or why. They just become noise. It’s not like a comment or a post—it feels like someone tossing spare change at you. At some point, you stop caring and stop sending them too.

People sent you Warps and you ignored them, but doesn’t that just prove Warps themselves aren’t spam? You chose not to use them, but others find them useful. Microtransactions don’t have to be noise, when they’re done right, they can create incentives instead of irritation.

Passionate about the potential of Web3 and NFTs, Building a brighter future with decentralized technologies. #Web3 #NFTs #Blockchain #Crypto #Community

Yeah, feels like most microtransaction stuff ends up in the second category. Open to seeing real value examples though. Even the 99¢ store shut down. What can you do with 5 cents now? Most people want big wins, not tiny change tossed their way.

Small-scale transactions aren't inherently good or bad—it's all about execution.

- If they focus on delivering real value (think exclusive perks, genuinely fun social features, or a rewards system that doesn’t feel rigged), they could be game-changing.

- If they devolve into spammy noise or yet another way to hijack people’s focus, they’ll crash and burn.

The difference comes down to this: do the creators actually get what users want, or are they just chasing quick wins? Build something simple, useful, and people will stick around.  🤝

surfacing voices, using tools, deleting data, farping /farp , ****ing /xxxx , drinking single origin black coffee

im charging 10c per view on my article about how jacek has a very naive view on the power of micro transactions

Had that thought today after receiving a bunch of $1 transactions and notifications from both Warpcast and Zerion for each. It’s spammy even if it’s done with good intention

After spending hours reconciling these "free" transactions over the past week, I already miss the old world. With the mental baggage of assessing whether to engage in abritrary token, learn what is required and the actual time spent accounting for them, small transactions can quickly feel like underpaid work.

well all of these have social/gameplay "context" which informs the experience.

Interesting idea, though $1 barely feels like a microtransaction—Reddit Gold starts at $1.99. Nothing web2 hasn’t seen. Amps kind of feels like a click farm from what you described—getting paid instantly for quick actions. Personally, I’d rather get paid in bigger chunks later.

He’s saying micro transactions as in $1-$2 for a very cheap repeatable service like amps.

You pay for a recast. Most people (me included) charge $1. But it does start to add up. I’ve made close to $200 in $1 transactions from people paying for recasts.