fc-updates

We’re planning to launch a new, optional “Pro” protocol subscription

1. At launch, subscribers will have a Pro badge on their profile

2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 

3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time.

4. $120 a year / $10 a month 
Why are we doing this?

- The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company.  
- We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth. 
- So we’re trying an opt-in pro subscription as another model

Why now?

- Figuring out a long-term revenue model that works will allow us to double down on investing in growth

Farcaster pro subscription AMA

What are you confused about?

What are you fearful of?

https://farcaster.xyz/dwr.eth/0x172f5081

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

gc - why put MerkleM in the middle of this distribution? 

People put money into autonomous contracts & some social oracle [waves hands has ideas] determines the splits. 

I think you could run this on a number of hardened protocols today with very little regulatory risk.

Ethereum builder & people connector. Juicebox, Revnet, Defifa & Footy App

Speed. 

The plan is to have it be onchain and a smart contract. 

Ideally we can move to a model where the subscription revenue is able to be allocated per week and pushed out indepdent of Merkle. Requires a lot more iteration on the rewards algo. Will take time.