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

i like this empty glass approach from the merkle team, idk if everyone was onboard about the approach, but the empty glass optics is admirable imo
as someone that fafo all the time, i would have done the same
unlearn → learn → relearn

/salty /fufu
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moment recorder without border
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Agreed! Also the best thing here is that "storage" as monetization will be stopped, that was never gonna work from the beginning for an app that needs to onboard millions of user to be profitable/ viable.

EVM. ETHFinance. Home Staker. Believer in decentralisation.

tbh, i thought it would have worked, we've been conditioned to think social media signups are free for life, nothing's free for life, we live in a world where everything has a decaying timeline and constant upkeep is the only way to keep it float

I think it's basically impossible that millions of people will accept that business model after years of learning that social media/ networks are free.