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1. The post-$Degen shift toward a closed and exclusionary community
After the success of $Degen, marketing communities that should have freely expanded were suddenly labeled as "farmers" across the board. This narrative shift isolated and excluded many participants, turning Warpcast into an elitist, closed-off space.
In its early days, the combination of $Degen and Warpcast’s SNS airdrop marketing was revolutionary. It attracted a significant number of users, organically boosting interest in Warpcast’s Frame functionality and establishing a new standard for Web3 social.
Moreover, the smaller scale of the community compared to Twitter provided a unique advantage: direct communication with founders, which helped foster a strong, tightly-knit ecosystem.
However, in the process, a massive number of users (dwr, you have access to the data; you can see this clearly) lost interest in Warpcast because of the discriminatory and exclusionary culture that developed against those labeled as "$Degen farmers." 1 reply
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