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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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2. Toxic politics and inner-circle favoritism within the closed community
During the rise of $Degen, a select group of insiders—those connected to Coinbase alumni or early adopters—began forming exclusive cliques to launch their own tokens and projects. Unfortunately, most of these efforts ended in disappointment.
Protocols like Onchain, Cheese, Moxie, etc., were largely underwhelming, despite their close affiliations with influential figures.
Bringing in well-known builders is always a great thing for an ecosystem. But why hasn't Warpcast seen the same level of rapid experimentation and innovation as Solana?
I do not believe it’s simply because the community is too small. The real reason? People know that even if they have an exciting idea, they won’t get enough support or visibility unless they’re part of the inner circle.
Zora, NFT platform and innovative features like the NFT meme launchpad have emerged, but they came too late—after users had already left. 1 reply
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