Josh Cornelius

@joshcrnls

309 Following

3054 Followers

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fwiw the zora economic model feels mostly right to me, they just need to figure out how to scale the network more non-crypto friends, more recognizable mainstream personalities, real possibility of going viral basically i think instagram with zora's mechanism would go crazy

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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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yea still a lot to figure out around how to build sustainable business models around tokens, but do think it highlights how inefficient just selling ads or goods is at capturing the social / cultural value that exists around brands / products like do you think the real value of a sports team is captured through ticket / jersey sales and licensing deals? i don't think it comes anywhere close

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vine lol $30M acquisition, $300M memecoin

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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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highly recommend trying it out https://warpcast.com/~/frames/launch?domain=www.weponder.io

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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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