@0xblacky
💥Update on @farcaster_xyz
🗓️Farcaster tried to build decentralized social network
❌It didn't work
🤷Now they r going to make Farcaster a wallet focused product & not social network
🫠Sad to see this, but Tbh no one built a better social platform than @X
👇What could have been done before giving up
1️⃣They would have enabled ads on Farcaster & ad revenue share to creators
2️⃣Made a points based rewards every week, which will convert to token
3️⃣Launched a token & made many incentive modes for using the app
4️⃣Rewards to both creators & users
5️⃣Did some Collab with popular web2 influences & migrate or onboard them to Farcaster
🤷They had $180M to run many things, product development etc
💀But it is what it is, may be giving suggestions like me might be earlier than building it actually
🤔What do u think they would have done before giving up? Let me know in comments section
💙Like
🔁RT