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qw
@qw
Curious at what point - quantitatively and qualitatively - would @dwr.eth and @v say farcaster has real pmf. Some threshold of retention? Servers unable to keep up with growth for an extended period of time? Users spontaneously telling their normie friends to join farcaster?
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Cy Winther-Tamaki
@tamaki
relevant
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qw
@qw
I’d modify this slightly for crypto, where products tend to grow in a cyclical fashion because the broader market is cycle. Sometimes you don’t grow for 6-12 months but it’s not necessarily a reason to give up.
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shawn
@shawn
I think this may be true for the hyper speculative crypto apps but not necessarily for non financial ones If you’re building social apps on this new infra, benchmark should be to web 2 social apps not uniswap and Jupiter. Instagram engagement doesn’t change so much when the markets cycle
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Cookies
@jinglingcookies
Indeed, engagement on social apps doesn't change as much in tandem with market cycles, but in the case of Farcaster it might still be a while before we see this lack of correlation - given that the bulk of the activity on Farcaster is still coming from web3 folks
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Cookies
@jinglingcookies
Farcaster is also in a unique position where it's able to achieve high composability with financial applications (e.g. Uniswap Frame) - if such use cases become more prominent within Farcaster - activity will inevitably be affected by market cycles
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shawn
@shawn
Yep - of course it’s starting w the crypto native community and that population grows and shrinks w cycles what @dwr.eth and team have done well so far is to grow protocol usage organically vs classic tokenized incentive boom bust of web3 consumer apps (think friend tech, stepn) - hard to figure out real pmf there
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