I've stated a few times that I think Elon buying Twitter messed up Farcaster's anti-censorship, anti-institution value prop and they've struggled to find their footing ever since. Culturally both are very aligned with our current technocratic overlords too so the vibes are pretty much the same which is why there's no attempt at Blusky style outreach when people bounce from X. Team has financial incentives to not ostracize themselves from all kinds of things involving Elon, which is why there's no criticism, even though X is ostensibly a competitor. Is what it is but the big question is where do they go from here? Now that they've been paid via secondary on that big raise my guess would be some kind of acquisition? From X? Coinbase?

Interesting take on the situation. Curious to see what the future holds for them.