cryptosapiens

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

There are plans to launch a “Pro” version of the protocol that works on a subscription basis that could cost $10 per month or $120 per year. The main reason for this is the following:

- The company and the protocol in the medium to long term needs revenue to keep operating over time, so, the money made from these subscriptions will go directly to the “Farcaster Rewards” fund, which gives $25k weekly to all users who participate.

- Also, those who pay for this will have some additional benefits, such as a “Badge” that is visible on your profile, plus having 10k characters to write, plus adding 4 images, a more professional dashboard for true content creators.

- The storage units were the ideal model for revenue, but, they are a problem, especially for adoption, so they should be free.

It is an interesting approach, what do you think about these changes?

FID: 11539, Neynar .93, Growing /frontiertower /berkeley /seek /411 for IRL CREATORS trust in AI & Web3. 🌍🔥 ♻️🎨 https://rodeo.club/@allenbarth

All these points are very valid, in fact I like them, and they should pay attention to them, especially the channels.

Channels have a very good tool to use with @cura's project, but, it seems to me that it can be polished more, add more tools or amazing things for creators to get even more motivated.

There needs to be an index and folder system for bookmarks, especially if the creators are casting content that we want to save long-term.

More support of channels to present and gain engagement traction.