phil on Farcaster

phil pfp

MICRO TRANSACTION META 1) We're seeing an increasing number of products take advantage of micro-transactions. See: Warpcast Tipping, @ampsfun, @warpslot, etc. 2) This shift is caused by several converging trends: low gas fees, social identity tied to wallets, and an influx of liquidity (e.g. Warpcast Rewards) that lets users play with "house money". 3) As txn fees have dropped, new products are emerging that target markets that were previously unavailable due to high fees. See chart below. 4) Warpcast's social graph and product architecture means that users now receive notifications when they are paid, further increasing the virality of products that help users pay each other.

13 replies

15 recasts

81 reactions

Corbin Page pfp

Love this! We're seeing the same for @gigbot.eth too 🫡

1 reply

0 recast

3 reactions

jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

0 reply

0 recast

3 reactions

kayvon pfp

Precisely why we built @rodeodotclub

0 reply

0 recast

1 reaction

Anthony Pete pfp

0 reply

0 recast

1 reaction

Lost Midas pfp

Microtransactions are the new social signal Paying someone is now content

0 reply

0 recast

1 reaction

Alok Vasudev pfp

0 reply

0 recast

0 reaction

Erik pfp

great point, and well written thanks for sharing 🤝

0 reply

0 recast

0 reaction

Carlos pfp

0 reply

0 recast

0 reaction

Jacek.degen.eth 🎩 pfp

Jacek.degen.eth 🎩

Counterpoint: when $DEGEN tip allowances dropped, people tipped less. Smaller tips = less activity. You can microtip $DEGEN for free on Farcaster now—so why aren’t you?

2 replies

0 recast

2 reactions

borst pfp

another reason why I'm bullish on @proagent

0 reply

0 recast

1 reaction

Vivacious 🎩💎 pfp

Vivacious 🎩💎

Nice to see this kind of change!

0 reply

0 recast

0 reaction