Degen

The new targeted airdrops incentive program pays people for “completed actions like installing a frame or casting.” According to Romero, Farcaster has close to 70,000 funded wallets.

Farcaster raised $150 million in funding led by Paradigm with participation from a16z Crypto, Haun Ventures, USV, Variant, Standard Crypto, among others. The firm is valued at over $1 billion,

"Since going permissionless last October, Farcaster has seen 350,000 paid sign-ups and a 50x increase in network activity,” Romero said at the time. "There are hundreds of developers building on the protocol and a growing number of apps and frames for people to use.”