luc on Warpcast

Content pfp

0 reply

0 recast

0 reaction

luc pfp

farconomy.com is live we are working with @woj.eth to visualize all aspects of financial activity born on farcaster today we are launching v1 of our dashboard, this channel and a roadmap please dm me to join the channel and keep submitting requests to make it better and show what's happening in farcaster highlights in the thread below

27 replies

220 recasts

441 reactions

luc pfp

first off, this year trading volume of farcaster went from $0 to $1b in record time fuelled by degen but also notable performance of higher and tybg in march and april

1 reply

1 recast

18 reactions

luc pfp

these tokens reached a market cap close to $2b in a short few weeks, driven by new mechanisms like degen tipping and moxie rewards, or vibes for higher

1 reply

0 recast

17 reactions

luc pfp

many started as airdrops to active users, reaching the 10s of millions in USD value at the time of distribution that planted the seeds of an active economy of tipping and payments

1 reply

0 recast

12 reactions

luc pfp

number 1 lesson I learned from @super: it pays to be an active member farcaster users qualifying for the airdrops have received between $100 and $600 on average every month

1 reply

1 recast

15 reactions

luc pfp

behind these airdrops are novel mechanisms that incentivise good behavior degen tipping for instance has enabled over $70m of value at time of distribution to be directed to quality users, has determined by the most active farcaster users

1 reply

0 recast

8 reactions

luc pfp

@moxie is a more recent experiment that rewards users for their engagement from the highest quality users in the network since the beginning of august, over $2m in daily rewards have been distributed to the most engaging content creators

1 reply

0 recast

10 reactions

luc pfp

a crypto-native user base that's becoming richer has second-order economic consequences for farcaster-aligned protocols @zora for instance has done a great job with the minting frames and warpcast integration this led to some months are close to 700k mints, and close to $10m in total minting volume from Farcaster active adresses

2 replies

0 recast

9 reactions

luc pfp

similarly, projects that have natively built for farcaster users, like @bountycaster have generated over $300k onchain transactions their early success shows that revenue-generating businesses will be a reality of farcaster

3 replies

0 recast

8 reactions

luc pfp

@hypersub is another great example of what these businesses might look like, with close to $1.3m in subscription volumes generated in the past 12 months

1 reply

2 recasts

10 reactions

Linda Xie pfp

Very cool! Note since we don't require payments to be sent through Bountycaster (it's all p2p) and bounties can have multiple claims, the total $ amount of completed bounties should be quite a bit higher than this

1 reply

0 recast

1 reaction

ted (not lasso) pfp

ted (not lasso)

how’re you measuring this?

0 reply

0 recast

1 reaction