farcasterunion

Fascinating analysis on the first 10,000 pro subscribers. We knew the NFT was going to drive subscriptions, but this is some of the first analysis of how intense the farming was. 

24% of the people who minted had less than 10 followers.

Almost 12% had 0 followers. 

Speculation on the future value of the NFT is right here in black and white. 

There is no way someone with 0 followers paid to “support” the protocol or get the future benefits of longer casts and more photos.

show me the incentives, and I'll show you a bunch of greedy speculators  ready to exploit them