Farcaster management team says:

We're focused on user growth and the best way to do that is make onboarding as web2 as possible—mobile and no wallet or crypto required. If you think this is dumb or "anti-crypto", you're free to a build a Farcaster client that is web-only and uses crypto for payments.

By targeting users who may not typically engage with crypto-related platforms, Farcaster has the potential to tap into new markets and demographics. This could lead to accelerated user growth and increased platform adoption, ultimately benefiting the entire Farcaster ecosystem.