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Ferran 🐒
@ferran
1/2 My forecast for 2025 is that the integration of Farcaster’s social layer in Coinbase Wallet will be a spectacular failure. We'll probably see a spike when it comes out of beta (after all, there’s a segment of Coinbase Wallet users who enjoy trying out new things and if they do it well people will try it out) but I predict that by the end of summer, no more than 5% of messages will come from there, and DAUs via Coinbase will be negligible. The reasons? Current Farcaster status quo simply isn’t appealing outside an extremely narrow niche. People don’t want a social layer tied to their wallets. And 99% of people don't give a fuck about financial incentives (basing a significant part of your growth strategy on that is shooting yourself in the foot. It’s a massive trap that could be very difficult to escape from). Continue...
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Pau 🎩 ⛓️💥
@p4u
My prediction is that Farcaster only grows on a Bull Market, when shit tokens and NFTs are all around. So while there is economic incentive to join and farm, new users flow. Ofc this is not sustainable. There is few quality content. Farcaster didn't take the opportunity to become the new Twitter when Twitter disappeared. It's not sexy for mainstream ppl. I'm not able to find a single Cast of someone not related to crypto... So IMHO the focus should be to reach out to the real world.
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