The Blockchain Experience

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

I’ll be subscribing to this.

Utility-wise, it’ll make for better Proof of Grill casts since I’ll be able to cast up to 4
images instead of 1.

Value-wise, this is all going back to creators, and I want to support other creators. Good content brings more users. More users brings more interest for creators. 

Lastly, I think payment will be done on chain so I’ll have the receipts decades from now to prove I was early. 🥳 

And my unsolicited advice is you should go Pro too. 🤜🤛