fc-updates
Important updates about things happening in Farcaster
Varun Srinivasan pfp
15 replies
44 recasts
310 reactions
Varun Srinivasan pfp
14 replies
12 recasts
105 reactions
Varun Srinivasan pfp
4 replies
5 recasts
36 reactions
Varun Srinivasan pfp
New: Collectibles! Support your favorite creators by collecting their casts onchain. Each cast can be turned into a unique, 1-of-1 collectible. Just tap the new "collect" icon on a cast to get started. Casts can be collected starting at $1. If there are multiple collectors, it goes to the highest bidder. Creators get 90% collectible earnings, and the remaining 10% goes to the protocol rewards. We’re excited about collectibles for a few reasons: 1. Creators earn directly from their audience 2. New creators can earn on their first day 3. Users get to collect a unique piece of Farcaster history Collectibles will go live tomorrow morning around 9am PT. We're announcing this early so people can be ready to collect their favorite casts when the feature is live! Learn more here: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c?pvs=74
83 replies
170 recasts
850 reactions
Varun Srinivasan pfp
24 replies
58 recasts
275 reactions
Varun Srinivasan pfp
4 replies
5 recasts
31 reactions
Dan Romero pfp
26 replies
129 recasts
663 reactions
Linda Xie pfp
4 replies
7 recasts
42 reactions
Linda Xie pfp
1 reply
1 recast
25 reactions
Linda Xie pfp
3 replies
1 recast
12 reactions
Varun Srinivasan pfp
34 replies
25 recasts
236 reactions
Linda Xie pfp
3 replies
1 recast
22 reactions
Linda Xie pfp
1 reply
0 recast
23 reactions
Dan Romero pfp
We’re planning to launch a new, optional “Pro” protocol subscription 1. At launch, subscribers will have a Pro badge on their profile 2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time. 4. $120 a year / $10 a month
 Why are we doing this? - The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company. 
 - We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth.
 - So we’re trying an opt-in pro subscription as another model Why now? - Figuring out a long-term revenue model that works will allow us to double down on investing in growth
296 replies
426 recasts
1595 reactions
Dan Romero pfp
284 replies
968 recasts
2846 reactions