farcasterunion

fc-updates

We’re planning to launch a new, optional “Pro” protocol subscription

1. At launch, subscribers will have a Pro badge on their profile

2. Subscription will be onchain and part of the protocol. 100% of the proceeds go to casters / developers in weekly rewards. This in addition to the existing $25K+ a week in rewards. 

3. Planning to add longer casts (10K characters) and up to 4 images per cast for pro subscribers (needs a protocol change). Additional features over time.

4. $120 a year / $10 a month 
Why are we doing this?

- The protocol needs to find long-term revenue source that can continue fund caster and developer rewards beyond any one company.  
- We originally thought storage fees could be that, but we’ve realized that storage fees should be essentialy free to help growth. 
- So we’re trying an opt-in pro subscription as another model

Why now?

- Figuring out a long-term revenue model that works will allow us to double down on investing in growth

Some welcome FC changes. How do people feel about the new pro features?

Yes, I would appreciate the ability to cast only into specific channels, maybe only one, and not to my feed. I know this was a past feature, I was not active at that time, and why was it dropped?

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Well, FC has always been a social experiment for me. I have not dug too deeply into the model. I know that for a modest amount of my time, FC rewards me and X asks for $7. 

I worked hard to try to understand the Moxie model, and I don't want to do that again. 

FC needs to have a reasonably sustainable business model and I don't have enough info to know if this plan is the one.

Hard no. Not funneling money into the rewards program with zero transparency and invisible social credit scores.