what is particularly exciting to me about a Cast Collectible is that it abstracts more complex onchain transactions.

Remember how some of us loved the simplicity of Frames V1 because it was just a few buttons for some magic in the feed?

That's what Collectibles are. A bid is more than a bid for a picture. It's simply a way to transfer funds and log state onchain baked right into the FC client. And then devs can do crazy stuff with that!

Once someone owns the collectible for a cast hash you can layer that with smart contracts (and mini apps) that unlock whatever you want for the winning bidder.

You can pool money in a contract and only the winning bid (aka final NFT holder) can withdraw the funds.

Or escrow a Punk in a contract and auction it away via collectible cast.

You get distribution via the Farcaster client and a simple one click mechanism for auctions.

tl;dr you're not getting it. it's not clocking to you that we're standing on business.

Farcaster

👋 Back on Farcaster after a short break.
🛠️ Been quietly building something new behind the scenes.
🚀 Big things are coming very soon — stay tuned!

I just want us to have fun | Cofounder @ Resolve (YC) - spatial tech for construction. FC tinkering: @livecaster @harmonybot | Ask me about /f1 /vr /orange-dao

https://farcaster.xyz/emeraldpixie/0x6e765bd8