Josh Cornelius

@joshcrnls

309 Following

3032 Followers

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the simplest bull case for farcaster is that we’ll need an app-native feed as software becomes content, vibecoding becomes the new posting, and the number of applications being released 1000x's

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soon kids are gonna say they want to build viral apps instead of be influencers when they grow up

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so you're telling me that applications are going to capture way more attention, generate more revenue, and be way stronger sources of belief than infra and they'll also be able to vertically integrate and consume infra as it makes economic sense to do so yet there are no application tokens in the top 30? cool, definitely not gonna change

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we've been heads down on some foundational @seedclub upgrades so have been quiet about what's next for our accelerator, but we're still very active and i'm fkn amped on the teams we've backed since our last cohort... @kamigotchi fully onchain idle-mmorpg @fungi consumer defi agents @kizzymobile social media betting @simcluster multiagent social network simulation game @pumppartyapp live interactive gameshow platform @playwithOU streamer prediction markets @narrativexyz narrative trading @houseisthename cultural asset ownership protocol + more through our venture dao (sorry gotta get more of them on farcaster 🤦) can't wait to share more about what's next very soon

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Just completed a sidequest: Certified grass toucher +10 touching grass Start playing at farcam.sidequest.xyz

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too many projects focused on building marketcaps instead of building businesses

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@bracky I want in on the Madness! 🏀

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should be very obvious at this point how inefficient traditional business models are at capturing social / cultural value and how exponentially better tokens are at it

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so confident opportunities at the consumer app layer explode alongside ai - everyone can code so way more gets built - more searching for meaning / belonging creates way more demand for niche opinionated experiences - transaction fees offer a new killer business model that requires way less scale than ads - tokens / new fundraising models remove gatekeepers to capital and break us out of the restrictive & binary ipo or bust startup environment - open social graphs make bootstrapping social products easy - software continues eating money, fashion, entertainment, content blowing open the surface area of opportunities saas is dead, long live consumer

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political parties launching memecoins you say…

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value props of tokens in order of what the average person actually cares about... 1. short term financial opportunity (attention capture) 2. longer term financial opportunity (economic alignment with success) 3. access to experiences (community / product gating) 4. identity signalling 5. decentralization

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not a bad first day in the @ponder mines

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summary of what i'm hearing from builders about the mini-app platforms... - farcaster: big upgrade in dev experience with frames v2, seeing strong retention w/ improved discoverability, notifs performing crazy well, but obvs limited audience. - worldcoin: user numbers are attractive, but meaningful lift to adapt product for the platform and actual usage / engagement underwhelming. - telegram: still king with massive audience, stars make onboarding / monetizing non-crypto audiences way easier, easy build. anyone have anything to add or having a different experience?

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just loaded up on the rams for tonight

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having your token in someone's wallet that they're checking 15 times a day has the potential to be a really powerful external trigger for hacking early product retention obviously keeping it there longer term is the challenge, but pretty easy to hypothesize that giving someone some dust after signup would meaningfully increase their chances of coming back for subsequent sessions

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i obviously understand the intention behind giving adjacent communities an allocation in token launches, but generally think that supply is much better in the hands of your core believers or earmarked for future emissions for valuable network participation

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just dropped my weekly notes on consumer crypto, looking at... - why "tokens are equity" is the wrong mental model - tokenize/acc by @AustinAdams10 and ICOs are back - a new consumer product from @ev - @_kaitoai yaps - @thefarmdotfun and the hyperliquid trenches https://paragraph.xyz/@joshcrnls.eth/dec-13-2024

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a few of the core things i look for in founders.. - have a non-consensus insight they’re genuinely obsessed with - are deeply committed to creating financial opportunity for their community - will be a loud advocate for the people they’re serving and attract a cultlike following - have a track record of being relentlessly resourceful

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just shared my weekly notes on consumer crypto, looking at.. - $100k btc - predictions for 2025 - compounding value in an ephemeral world - why consumer founders need to just launch and not wait for new chains - the belief in $HYPE - World App https://paragraph.xyz/@joshcrnls.eth/notes-on-consumer-crypto-or-dec-6,-2024-1

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if you don’t create financial opportunity for your users somebody else will

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