Reasons why I'm incredibly optimistic about Farcaster and went all in joining the team:
- permissionless to build on, no rate limits
- community is open minded, supportive, and kind (reminds me of early crypto days)
- team is stacked (lean with almost all staff eng), focuses on top priorities that move the needle and ships quickly
- frames v2 / mini apps unlock powerful experiences that don't exist elsewhere in traditional social feeds esp when combined with onchain txns
- Warpcast Wallet makes interacting with mini apps seamless and many ways for users to earn mean lots of funded onchain wallets in a social feed (great for devs building apps getting txns and distribution)
- one of the best places for founders to find their first 1,000 users, get great feedback, and iterate
- will become a thriving place for AI agents since no rate limits, seamless onchain txns, can interact with users and other bots through natural language
- upcoming Coinbase Wallet distribution
- Warpcast Rewards each week means highest quality users get rewarded for content (adjusts for follower count and removes spam) which means this is one of the best user sets for other communities to reward and engage with
I strongly believe it's worth building up a presence on Farcaster. If you're considering building on Farcaster or a community interested in distributing rewards to high quality Farcaster users, please reach out since I'd love to chat!
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I'm excited about the personal/social token space. It's still early days but a lot of important pieces are coming together. A few great follows for learning more are @Cooopahtroopa@js_horne@AlexMasmej
Consolidating a few interesting projects here as well (not comprehensive)
1/ Excited for @scalarcapital to be backing @NEARProtocol which is a sharded proof of stake blockchain. I’ve been continually impressed with the team’s technical talent, focus on usability, and ability to execute coindesk.com/dapp-platfrom-…
2/ The goal is to make it easy for devs (not just those already in blockchain) to build decentralized apps. For example it supports TypeScript (typed superset of JavaScript), Rust, and eventually all target languages that compile to WASM so devs don’t have to learn a new language
3/ They aim to make it easy for users to onboard by abstracting away complexities. NEAR provides a hosted wallet so that users can start interacting with dapps right away. Over time users can choose to create their own key pair. This is the idea of “progressive security”
1/ With all of the discussion around @cosmos and @polkadotnetwork, here’s my high level overview along with resources for learning more. Basically my beginner’s guides in tweetstorm form (expect more of these). Corrections/further input always welcome.
2/ Both projects aim to enable interoperability among different blockchains. The concepts both involve hub and spoke type models where a hub is validating for their spokes (different blockchains).
3/ In Polkadot there is one main chain (relay chain) with other chains connected to it (parachains). In Cosmos there’s multiple “main” chains (hubs) which anyone can build and other chains (zones) can choose which hub to request to join (only if they want to join).
1/ I attended a fascinating conference hosted by @lessin@eriktorenberg around ISAs (income share agreements). It’s a topic I’ve been really interested in lately and think there’s a lot of potential overlap with crypto. Some of my highlights from the event lifecapital.com
2/ A major use case is to offer an alternative to students taking on debt for education & provide access to those who wouldn’t have otherwise. Many attend college w/ the goal of getting a job. ISAs can align incentives so schools will only get paid if the student gets a job
3/ There’s been a lot of people thinking about this for decades so why now? Some of the points from @lessin were the world is increasingly connected, there’s more data available, major increase in student debt & the 2008 financial crisis led to more concern about taking on debt
1/ I’ve been trying to wrap my head around Ethereum 2.0 since it’s a huge roadmap and there’s so many different materials on it. Here’s my understanding of what’s happening at a high level and some resources I found helpful. Corrections/further input welcome
2/ Eth2.0 is an entirely new system from Ethereum. The main features in its roadmap include sharding (splitting state into multiple parts), proof of stake, and eWASM (new virtual machine). There are multiple phases of the roadmap w/ Phase 0-2 being the most relevant to discuss
3/ Phase 0 involves the “beacon chain” which is the main chain and will eventually coordinate the shards (think hub-and-spoke model). It will use proof of stake and a new asset “beacon ETH” (BETH). You deposit ETH to get BETH (one-way) and stake 32 BETH to become a validator