Dan Romero
@dwr.eth
Where we are and where we're going 1. Recently, we've seen a decent increase in daily active users (DAU). Between 200K and 300K users open Warpcast every month. This needs to be 10-100x greater for Farcaster to be sustainable. 2. We've also seen a lot of previously "churned" users reactivate on Farcaster. 3. We've significantly upgraded our developer UX with mini apps (formerly frames) and wallet. 70K+ funded wallets. 4. We've scaled our USDC rewards programs for content, mini apps and invites. $250K+ in USDC rewards and growing. 5. We've introduced a new series of verifications to help developers better understand users on the protocol. Over 150K+ users have at least one verification. 6. We've launched airdrop offers, allowing developers to target Farcaster users who use their apps via mini apps. 7. Snapchain is launching soon. It's a novel, blockchain-like distributed system that will allow us to scale the protocol for the next 10x. 8. We've grown the team by 50% since the start of the year. 1/3
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Dan Romero
@dwr.eth
Looking Ahead 9. Base is adding a Farcaster-powered feed to Coinbase Wallet and will likely significantly increase the number of onboarded and active FIDs. 10. As part of this integration, we're improving parts of the protocol to make it less dependent on Warpcast. This work will make it easier for any other existing or new app to integrate Farcaster. This includes improvements to sign in with Farcaster and direct cast APIs. 11. We're actively investigating how to reduce the cost of sign ups while still managing spam. 12. We're considering and soliciting input on simplifying product names: Warpcast to Farcaster app, Frames to mini apps, etc. The goal is to make it easier to understand for consumers. 13. Ultimately, our most important priority remains the same: significantly increase the number of daily active users on the protocol. If we achieve that, developers will have a larger potential audience for their mini apps and/or clients. 2/3
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riskydwiputtra
@pixowl
Loving the progress on Farcaster! In point 11, One thing to consider—Warpcast’s signup cost might be a barrier for new users. Lowering it or offering a free trial could help onboard more people and boost daily active users. Maybe even a referral system where active users can invite others for free? Just a thought, but overall, really excited to see where this goes!
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