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

This is honestly one of the most aligned updates I’ve seen in a while. 💯 

Redirecting 100% of Pro proceeds to devs and casters? That’s how you build a network-owned protocol, not just another product. The Farcaster team is walking the talk.
Also really appreciate how you kept it optional and inclusive. Not every app would make that call, and it shows you're thinking long-term.
Big props to you and the team, @dwr.eth  . This sets the tone for what web3 social should feel like.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email