Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

4. The biggest challenges for builders: managing psychology and lack of new consumers in crypto. This is tied to prices right now, but optimistically better infra and regulatory will increasingly mean the ability to build new experiences with crypto (likely abstracted away / "under the hood") are independent of prices.

5. Funding is tricky sense most investors are looking for traction and that's hard to come by (always is, but especially right now). My advice to anyone fundraising for the first time is focus on getting to your first 1000 users (Farcaster at today's scale is useful for that) and focus on depth of engagement.

If you're an existing company that needs to raise in the next 12 months, consider how to reduce burn (unless you have strong metrics).

Ultimately, the market conditions can change quickly, so being nimble with roadmaps and spend is an advantage (as it always is as a startup).

✍️ 

1. 1000 Users 
2. Depth of engagement