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

A few people have pointed out that they have neither an X or a Github. We're making changes to support them:

1. If you're active and earning rewards, you won't have to connect socials. Exact threshold TBD. 

2. If you're a brand new user, you can pay to skip connecting socials.

3. We're also going to add more socials and onchain verifications over time to make this easier.

Interesting developments. Good for those stuck in spam. You can just throw money at the problem and make it go away!

Interesting developments. Good for those stuck in spam. You can just throw money at the problem and make it go away!

https://warpcast.com/v/0xf15f328d

Pi-chi.eth (she/her) Artist /animeoutcasts
Hosting: /sakura /kyoto /momiji  /anime-manga /farcasterunion

https://portrait.so/pichi

I was thinking of speaking up last night on this on farhouse…

Clearly the Farcaster is in the phase to have verified users by 3 forms of proof + actual money. This is the 𝕏 paid model phase…

Farcaster wants to be a paid social network with KYC-lite.