jakiro
Author: Albiverse Source: Mirror Translation: Shan Ouba, Bitchain Vision Realm
In this article, my purpose is to clarify events that lead to the recent development of Farcaster, and emphasize the interaction between the following:
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Memecoin speculation -representing financial capital
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Product innovation -means production capital
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Product innovation: The launch of Frame small applications has opened new ways for developers and entrepreneurs.
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Financial assets for speculative: including $ Degen, $ Frames, Frame NFT, and Farcats.Allow the Farcaster community to “adjust the bank” according to the development of the network
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The Farcaster team lasted more than 3 years, developed agreements, networks and WarpCast clients, and gradually established a community.
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In the summer of 2023, Warpcast launched a “channel”, similar to the Reddit sub -function.
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By October 2023, Warpcast launched the chain integration system and game currency named WARPS, making it unable to transfer and intentionally prevent speculation.
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But soon, as the coin became more and more popular in the Solana ecosystem, the Farcaster community began to express the interest of creating its own coin.
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The launch of the integral system under the Rainbow wallet chain prompted the Farcaster community to launch $ Points.In just 24 hours, the price trend of $ POINTS has led to the re -participation of Farcaster’s leading cryptocurrency Twitter (CT) characters and influentials.
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Subsequently, some other factors, including $ WOWOW, $ SPAM, etc.
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In various Memecoin, $ Degen stood out with a stronger design and team, becoming the top Memecoin on FarCaster.
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In terms of products, the MOD team’s embedded mini application demonstrates that the FarCaster team develops Frames function, transforming Warpcast into a platform, a potential super application, users can directly interact with third -party applications in Warpcast Feed and settings.The stage of explosive growth.
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The price of $ Degen rose at the same time because speculators regarded it as the top token on FarCaster (Warps was under the chain, concentrated and unable to trade).
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The rise in prices has attracted more influence, developers, and users to try this exciting new Frames function, participate in FC’s excitement and bet on $ Degen, $ Frame, and other speculative assets issued by Frames.
Dance between money and product innovation in the field of technology
As an economist Carlota Perez pointed out in her book about the theme, the dance between production and financial capital is the core of the “technical revolution”.With the emergence of new technologies, entrepreneurs imagine new possibilities and have been supported by investors. Investors provide necessary resources to achieve these visions.
A repeated model appears: when financial capital covers production capital, a bubble will be generated, thereby raising the value of underdeveloped production assets.This is particularly obvious when retail investors collectively join the excitement of new technologies and speculative financial activities.
However, actual product innovation is essentially slow.In other words, building tangible technologies cannot keep up with the imagination that the speed or technology may be realized.
Consider the Internet bubble, take the Nasdaq index as an example.It shows the decoupling of financial capital and production capital. It took 20 years to reach the height of the late 1990s.
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This was the Dow Jones collapse in the 1930s.The market took 25 years to recover.
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Farcaster’s mini technology revolution
This bubble phenomenon also occurs in cryptocurrencies at any size and any time, many times or even a few days a week.Each cycle will provide funds for infrastructure and product experiments. Although the power of the foam may weaken over time as the market matures, and investors will realize their investment in the deployment stage of these technologies and products later.Real value.
Recently, Farcaster’s growth has been promoted by many factors:
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After a period of growth and the exploration of Frame’s technical functions, despite making significant progress, people’s excitement is being re -adjusted to adapt to the reality of Farcaster’s development status.
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Surprisingly, the $ Degen Memecoin chart is very similar to the typical cryptocurrency foam chart.
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A series of events that cause FC growth
Farcaster’s daily active user (DAU) growth is completely due to product innovation or speculation.In fact, these two factors are closely linked.The timetable of key events shows how the growth of FarCaster is promoted:
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As Jacobu pointed out, the coin is like the lighthouse in the encryption noise, which attracts people’s attention through its price chart and aroused dialogue around the project.The influencers and enthusiasts from the encrypted Twitter (CT) and the technology circle quickly joined the platform and eager to become a part of this trend.
Finally, about half of the Frame, which has so far reposted and liked by SPINDL’s Frame analysis, is related to Oycin and airdrops.The other half was created by a series of projects such as Layer3, Seam, Coinbase, PARTYDAO, Perl, Base, Syndicate, as well as personal developers.
Financial speculation is a key component of cryptocurrency growth, which is not new.I think that considering the discussion on the recent growth of Farcaster I saw, the relationship between Dagenz and the builder is worthy of emphasis, and I like to apply the research of Carlota Perez to the encryption field, especially since I wrote for the first time I wrote for the first timeSince the master’s dissertation about this theme.
