Farcaster

Collectibles are now live!

1. Mobile only. Update to latest mobile app / restart your app.

2. If you're on the latest app, you'll get an in-app flow to opt in or out.

3. Your casts are now eligible for collecting!

4. Remember—most casts won't be eligible right away. It will take some time for people to opt in.

5. New cast auctions are 24 hours. Historical cast auctions are 7 days. 

6. All bids are in USDC with the Farcaster wallet.

Kudos to the Farcaster team for seeing the way tokenized content is rolling out and trying something different.

Instead of creating a fungible token, this model creates an NFT that is bid on each post.

Creators can more easily manage a collection of NFTs than a bunch of tokens that need proper tokenomics to not all be rugs.

Furthermore, this model doesn't require creators to dump on their audience.

Bravo. I will not be putting my own posts onchain, but I look forward to observing, as per usual.