iCrypto.ai on Warpcast

Catch0x22 pfp

i genuinely give fc about a month in on solana socialfi getting pushed, and no one will remember warpcast fc will continue to grow but mindshare is a very fickle mistress solana already has socialfi just no killer app. few

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basil pfp

https://warpcast.com/itsbasil/0x78f3a5af new socialfi on solana? what about x coming out saying they’ll build financial tx into the timeline & accept btc, doge, and xrp by yearend what about lens raising 30m - will they use that for ua? what about the below

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Dan Romero pfp

UA without retention is worthless

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basil pfp

naturally buy shouldn't be from lack of trying & now is a good time given regulatory clarity, base run, clanker attention & frames momentum. we can't take good timing for granted. it wont last forever. we also cant let fc eco fade relative to the most bullish base backdrop we'll likely ever see. bad for devs choosing to build here. slowly throttled is fine but what else can the platform do if these cannot improve retention? fc is materialized. now we must hold meta. plus retention must be taken in the eye of the crypto native. in such case, there are more ways to "buy" users than ua as we're discussing here. namely through the nurturing of an ecosystem, expanding access to capital/optics for devs, and/or matching x creator rewards. at this point, especially if the goal is to attract all of crypto first & foremost, it should be considered that retention is inherently rooted in ecosystem appreciation https://warpcast.com/itsbasil/0xe7314d9e https://warpcast.com/itsbasil/0x4eeecd78

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Dan Romero pfp

While I appreciate you sharing suggestions, when talking to devs, funding is the not primary issue. It’s growing retained users. We have yet to have an ecosystem app drive growth. Ecosystem assets have driven growth, but they don’t need grants.

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basil pfp

appreciate you too. my suggestion was more holistic. yes, grants are probably least impactful of suggestions. also probably most cost effective too: why not incubate, especially if belief is an app will drive growth at some point? and if assets are driving growth now, why not invest in some capacity? do you not agree that if the ecosystem appreciates around emerging communities retained users will grow?

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Dan Romero pfp

1. Very few successful apps, esp. in consumer, are incubations. 2. Not really something you do with a pre-cash flow positive venture backed company. Agree that if the ecosystem grows the network will grow. But our contributions will be in product / software and then figuring out ways to get more retained users on Warpcast available to everyone else on Farcaster.

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basil pfp

yes, but these are mini-apps, which in many cases can be developed over a weekend hackathon or on the side as legos & have the potential to reach hamster kombat virality, which would push fc into the mainstream overnight. additionally, as said, if the belief is that one of these apps will drive growth at some point, does it not make sense to lean into this at least in some capacity? you’ve already issued retroactive grants, why not roll out an official full dev-focused initiative that writes small seed checks/grants with cohorts, hosts quarterly hackathons & open-forum community dev projects or the like? anything that comes form the top down signals ecosystem alignment & confidence. again, this is one option, and a relatively cheap one that could lead to near overnight mainstream success. moreover, initiatives like these could introduce & align devs & lead to new projects forming. sometimes it’s just a matter of reaching out to a TG game dev with “how can we get you inframe?” this is just one piece

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basil pfp

> if the ecosystem grows the network will grow should it not be anything to grow the ecosystem, then? as everything else will fall into place once that happens. as such, one thing that will help is an ecosystem fund. tho if contributions can’t be investment based, there are other ways. namely, marketing & optics that drive attention to ecosystem projects from the top down. just like base has an eco fund & eco leads who are in constant contact with all eco participants, liaising, facilitating, and importantly bull posting, fc could have something similar. this too would play into the above as a piece in the eco initiative puzzle. the important part is that is comes form the top down & carries you name weight. how do we know it won’t make a difference if we don’t try? it’s worked elsewhere. similarly, grant programs can be used as a recruitment tool. put out a press release saying a few million are allocated & surely new devs will pour in, as also has worked elsewhere

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Dan Romero pfp

Growing an L1 is different than growing retained daily active users of a social network. They require different strategies.

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basil pfp

fc is closer to a chain ecosystem than it is a standalone social network. we have our own clients, devs, culture, apps, tokens, indexes, a retroactive grant program, etc. limiting yourself to a social network when there’s 100s of millions of dollar in capital flowing through the ecosystem doesn’t make much sense. especially because, as you said, ecosystem growth drives network growth, which in turn improves retention. so we kind of are talking about tvl & tx, as that is how the network grows, just like anything else in crypto: first, money is made. from there, retention emerges through resonance (top down) & attracting reinvestment. churn is the result of failing to do so (attention turnover) re the game question. i’m not saying you’re not. i’m just saying that if you are, no one knows, and therein lies the value of marketing/optics & presenting a unified front on all things eco/dev on fc. a dedicated role crafting that story would be beneficial to current & perspective devs looking into this eco

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basil pfp

let me be real with you, dan. take it for what it’s worth. as someone on the ground level, i can tell you that the two narratives circulating re fc are “dan made his money; there’s no urgency; fc will fizzle” and “fc is linkedin” both of these things can be countered with proper narrative control whereby the story becomes “fc is the top of the funnel” or “dan is actively targeting tg devs” both of which would attract users & reaffirm positioning without any marketing or optic cadence, we open the doors to rumors, speculation & let CT tell our story for us, leading to rampant dismissal without trying for reasons untrue so if any of the activations discussed are being tested or considered, that news should be made public & leveraged in a way that takes back the narrative, given that if the tech is awesome but the story is not, then who will use the tech?

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Catch0x22 pfp

i dono the fact that Dan even in the depths of a random comments section is a pretty good sign i wouldn't expect that from even subordinates of leaders from other social media what we really need is for normies to understand the power of a decentralised economy for social media can already see on platforms like YouTube how they're trying to democratise creator systems more. I wonder why they're feeling a need to become more transparent.

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Garrett pfp

true. i have lots of respect for Dan being deep in the comments sections and taking time to engage

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basil pfp

agree. but 300 of us seeing this does little. we need CT to see this & need dans name to be synonymous with hungry, after users, deep in ecosystem, etc. not “rich man don’t care” this is a narrative problem, not tech

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Dan Romero pfp

That’s not the reason crypto twitter isn’t “here”. There needs to be a clear value prop. Working on that. People are sophisticated, esp. crypto people. There has to be something unique about FC for them to spend time (zero sum) vs. other networks / activities.

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Garrett pfp

If you had to convince someone today to join FC with a clear value prop of FC is, what would you say?

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Dan Romero pfp

We haven’t figured out a repeatable value prop. For some people it’s the people. That’s doesn’t scale. For some people it’s make money. But that’s not consistent enough for every user.

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iCrypto.ai pfp

Hi @dwr.eth I believe the success of Warpcast stems from the success of small utilities in the form of dApps or plugins that can be directly used on social platforms, such as: - Game: casual games - AI Agent: serving as an assistant for P2P interactions or communities - Co-creation: collaboratively creating and building value Battle. - The keyword I want to emphasize is dApp on SocialFi and the sharing economy, optimal economy. >> We need to optimize the economy and encourage developers to build utilities while enabling them to see the value of their contributions. >> The main advantage lies in the ease of access to resources.

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