Farcaster

I keep seeing references to Farcaster as socialfi so sharing my clarification

I keep seeing references to Farcaster as socialfi so sharing my clarification

https://x.com/ljxie/status/1833617641187250328?s=46&t=QNlz9swNdb9dxGQvZZJaCw

Co-founder @bountycaster (bountycaster.xyz). Co-producer @ethereumfilm. Previously co-founder of Scalar Capital and product at Coinbase

I‘d give the same explanation but say warpcast (vs Farcaster) is a socialfi product. Social base with staying power with lots of financial experiments on top ✌🏽

job: token analyst. Talk to me about football, sports, crypto, outdoors, growth, econ, investing, chess

I don't classify Warpcast as socialfi either. It's just a client that enables these applications built on top but its underlying function is not socialfi

The determining factor for socialFI for me is that you can do transactions right in warpcast.

SocialFI seems to get a negative connotation right now due to friendtech and very speculative use cases but there‘s nothing inherently wrong with being a social fintech app - it doesn’t mean you need to be hyperspeculative, you can provide great social and financial value