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Li Jin
@li
1/ The Variant team had a great time at Farcon 2024! It was awesome to meet and hang out with so many amazing builders and see how the Farcaster ecosystem is taking shape. Here are a few of our main takeaways from the event, and what we think it says about the state of the ecosystem in 2024:
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Li Jin
@li
2/ Developer optimism is high, and this was palpable at Farcon. Builders are excited about experimenting with new functionalities and leveraging Farcaster’s growing user base as an initial starting point for adoption. https://warpcast.com/jesse/0x2262a1e8
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Li Jin
@li
3/ At the client level, competition is heating up, with more founders building apps that cater to diverse user needs and preferences (media-centric to transaction-centric, to others). See also: our request for startups for the Farcaster ecosystem: https://variant.fund/articles/requests-startups-farcaster-ecosystem/
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Li Jin
@li
4/ One particular functionality that is seeing a lot of attention is transactions: builders are looking to facilitate transactions whether for payments, tipping, minting, or something else, to enhance user engagement and lean into what crypto enables.
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Li Jin
@li
5/ I wrote recently about memecoins and scenecoins as a new GTM strategy. I met multiple founders who told me they’re embracing this strategy (with success!), recognizing the power of memes and internet culture to drive adoption. https://variant.fund/articles/memecoins-new-gtm-strategy/
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