jakiro
Author: MIA, CHAINCATCHER
Recently, FARCASTER FARCASTER decentralized social circuit star products have completed a $ 150 million Series A financing led by the old Web3 investment institution Paradigm Paradigm.Many well -known encrypted capitals have participated in the investment.
According to the ROOTDATA related page, the investment Farcaster is also Paradigm’s betting on the SocialFi track after the Friend.tech seed wheel financing.This is also the first time that A16Z bets to decentralized social networks.
According to Dune Analytics data, as of May 20, Farcaster’s 7 -day daily active user number was close to 45,000, an increase of 30%since February 11’s Frames boom.
What makes Farcaster different?
Farcaster was jointly launched by the early Coinbase employee Dan and Varun. It is an agreement based on the second layer of the Ethereum Optimism. It aims to build a decentralized social application.Although Farcaster may be relatively strange for some people, in the past few months, it has become one of the hottest topics in the American encrypted community.Not only did it get the praise and settlement of the founder of Ethereum Vitalik Buterin and the founder of Base Chain Jesse Pollak, but also a number of 10,000 -person community channels including Degen and FarCaster.
According to Dune Analytics data, Farcaster’s total number of users is close to 400,000, and it is gradually becoming another important encrypted social gathering place after X.
As a member of the SocialFi track, Farcaster can’t help but remind people of Friend.tech, which had quickly become popular because of the “Key” asset issue.However, unlike Friend.tech, Farcaster has returned from FI to Social instead of simply pursuing the FI level innovation.
Since its establishment, FarCaster has committed to creating a decentralized social media agreement, aiming to provide developers, creators and ordinary users with an open and combined social layer.Farcaster positions itself as an infrastructure in the social field, closer to the concept of “layer”, not a single DAPP application.It is based on this “layer” idea that Farcaster has the potential to derive more diverse and wider application scenarios.
Social main battlefield warpcast
At present, the social main battlefield of the Farcaster protocol is the first client application launched by its team -NarPCast, which is also the most influential application under the agreement.Each WarpCast account corresponds to a unique FarCaster ID, and everything generated by Warpcast is securely stored on the central server of FarCaster.
On Warpcast, users can freely publish posts and share their views and insights.At the same time, they can also join the channel they are interested in and discuss and exchange with like -minded users.
In addition, Warpcast also supports the integration of Frames (Frames), providing users with more interactive possibilities, such as casting NFT, applying token, and transaction.
The launch of Warpcast adds a distinctive community label to the FarCaster social layer.Compared with traditional SocialFi products, Farcaster stands out with its unique community cultural attributes, giving each user the power to create exclusive channels and create unique community culture parallel assets.
This powerful community attribute promotes the prosperity of the DEGEN channel on Warpcast. The channel has attracted nearly 80,000 users and gave birth to the leader Memecoin Degen and Degenchain.Initially, DEGEN, as a reward to the channel user, has now become the most popular reward to the currency on WARPCAST.In order to further motivate content creators and enhance the interaction between users, Warpcast users can get 8 $ degen currency rewards every day.
As the number of holders of $ Degen surged, the team launched the third layer of the Ethereum network (L3) Degen Chain based on market demand, and it also gave the actual application scenario to $ Degen.This combination strategy successfully drained Memecoin players to the Farcaster ecosystem, and expanded the audience of the agreement from a few native web3 technology players to a wider general investor.
The influx of a large number of encrypted users further enlarged the Social attribute of Farcaster and rapidly expand its influence under the guidance of FI.Therefore, Farcaster was label to “fully decentralize social networks”.
“High -quality” and “low noise” community culture
Variant Capital mentioned in the article “Investing in Farcaster” that compared with traditional social media, Farcaster is significantly characterized by its high -quality and low -noise community atmosphere.
In a high -quality community, members usually publish deep and visible views, discussions, and ideas; and in low -noise communities, members can easily find topics and information they are interested in instead ofDonor by a large amount of irrelevant, repeated, or interference.
In Farcaster, the “full decentralization” does not require permission identity, currency and data to become the community, and the foundation of ensuring “high quality” and “low noise”: All encrypted communication has an initial threshold here.
First of all, you have to have your own decentralized identity. Each user identity is associated with a encrypted wallet to ensure that all interactions are verified and certified;
Secondly, if you want to try some interesting Frames, it will promote the trading function of the FarCaster account associated wallet (receiving and sending payment), thereby unlocking the functions of rewards, coins, crowdfunding, and assets, and encouraging users to encourage usersThe interaction between the between also promotes the activity and creativity of the community;
At the same time, all social data of Farcaster are stored in decentralized networks, which increases users’ confidence in data persistence and security.Users no longer worry that the data is deleted or tampered with the platform at will, which further enhances the attractiveness of the community, allows more high -quality developers to join the ecosystem, and jointly promote the ecological development of FarCaster.
Social collisions have more encryption futures
The community atmosphere of “high -quality” and “low noise” makes Farcaster a gathering place for encrypted culture.The decentralized infrastructure provided by the agreement -does not require the identity, currency, and data, providing an unique environment for early ecological developers.Rather than the betting of the FARCATER protocol for the top VC, it is better to bet on the active developer and builder on the agreement every day.
As Variant Capital Jesse expressed, “the Farcaster community can see the epitome of early encrypted communities added ten years ago: optimism, technical, ambitious, coordinated and always online.”
In a sense, Farcaster really returns to the essence of SocialFi’s essence “social”, providing a place for brainstorms in the explorer of the encrypted world. Interpersonal relationships are built here and thoughts are here.
Social creation value has given birth to “FI”, and Farcaster’s FI expands from a single asset issue to the ecological development of the entire chain, as well as new products such as “DEGEN Chain” derived from the collision of community culture.
Variant Capital said that their investment in Farcaster is based on the high -quality, technical forward -looking, richness of the ecosystem, a solid user foundation, excellent core team, and long -term value of its community.
At present, with the large financing disclosure of Farcaster, Fred Wilson, co -founder of traditional top VC USV, has posted a stand as a platform and said that he has been active on the chain on the chain through the agreement.In addition, Fred also called on its X followers to pay attention to its Farcaster account.It is worth mentioning that USV was previously the main investor of the first round of financing on the X platform.
Considering that the founder of Variant Capital, Li Jin settled in and participated in the Farcaster’s precedent, some analysts believe that under the guidance of Fred Wilson, USV is likely to be the participants of FarCaster’s next round of financing.
