
0xLuo
@0xluo.eth
2096 Following
40178 Followers
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Following the explosive rise of $DEGEN, $ENJOY brought the tipping economy to Zora. In early April last year, $ENJOY reached its ATH, and Zora experienced explosive growth alongside it. People were tipping creators with $ENJOY, minting what they enjoy with $ENJOY, and this also spotlighted projects like Surreal and Interface, which support tipping with $ENJOY while minting Zora NFTs.
But in the fast-paced world of crypto, innovation that doesn’t keep evolving is quickly forgotten. Time flies, and many of the tipping-focused memecoins born on Farcaster (aka “scene memecoins”) have gradually faded away. Perhaps token distribution and utility consumption remain challenging issues.
Still, the bright side is, they’ve left behind valuable lessons for those who come next.
Goodbye $ENJOY, goodbye to what Zora once was. 1 reply
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What can we learn from Phaver’s collapse?
1. Tokens and airdrops don’t build lasting communities.
Phaver’s airdrop brought short-term hype, but most users were airdrop hunters or bots(many were flagged as spam by Warpcast), not genuine loyal users. and after the TGE, many left and complained as the token crashed. also, listing on CEXs was also costly, funds that could’ve been better spent on product development. Long-term success requires PMF to build a loyal community and effective monetization paths.
2. Grow with the protocol together, not in isolation.
Lens has clients like Hey, Orb, and Phaver, but user bases are scattered. Unique, non-interoperable features (like Phaver’s Communities or Orb’s Clubs) created silos. During Phaver’s airdrop, it overlooked many active Lens users outside its own app. Even though it supported both Lens and Farcaster, it failed to build synergy across those communities.
Phaver is a cautionary tale for other social products, showing what to do and what to avoid. 5 replies
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Thanks to the new Minimized Mini Apps, long-session apps like Audio Chat have finally become more feasible to run directly within Warpcast.
Just like how Twitter Spaces basically replaced Clubhouse, having audio chat features inside a social media app is far more effective for driving traffic and user retention than using a standalone audio chat app. That might even explain why some earlier Farcaster-native audio chat apps faded away.
But now, with the growing power of Mini Apps within Warpcast, there’s real potential to revive those underperforming but necessary, and often quite fun Farcaster ecosystem apps.
We’re already seeing a wave of new Mini Apps popping up: games, AI, tools, DeFi, music, podcast and much more, and there’s definitely a lot more variety on the way. 0 reply
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