Farcaster Union

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

A few people have pointed out that they have neither an X or a Github. We're making changes to support them:

1. If you're active and earning rewards, you won't have to connect socials. Exact threshold TBD. 

2. If you're a brand new user, you can pay to skip connecting socials.

3. We're also going to add more socials and onchain verifications over time to make this easier.

Interesting developments. Good for those stuck in spam. You can just throw money at the problem and make it go away!

Interesting developments. Good for those stuck in spam. You can just throw money at the problem and make it go away!

https://warpcast.com/v/0xf15f328d

Pi-chi.eth Artist /animeoutcasts
Hosting: /sakura /kyoto /anime-manga /farcasterunion

https://portrait.so/pichi

HIGH-TECH LOWLIFE LIVING THE LOW-TECH HIGHLIFE /////

GLITCH/AI/PIXEL/GIF/TEXT/SOUND/ANALOG/VIDEO ARTIST

It’s a hard no for me. I know how this path ends. It’s Twitter with extra steps.

if i can keep making that $3 a week i'm IN

On a web3 journey. Guiding friends & allies on adventures in the new world |

Nouncil | web3 storytelling | iambradq on Twitter | FC OG

Ah, so you don't like the move. Got it. I was thinking it was a positive for those in the spam struggle but I get you on the pay to play maybe not being the right solution. 👊

We knew pay to play was coming. Maybe ads are next. I’ve seen this movie.

you mean on v's post? If you are in spam or a new account likely to go in spam, you can pay and get a verified? That's what I was thinking was a nice feature for users in that situation.

I was thinking of speaking up last night on this on farhouse…

Clearly the Farcaster is in the phase to have verified users by 3 forms of proof + actual money. This is the 𝕏 paid model phase…

Farcaster wants to be a paid social network with KYC-lite.

Said with Tongue in cheek! 

I’m shaking my head.

Waiting for this. It has been so long since i cast a video.

Good way for "spam-labeled" people finally! but of true spammers will use it, how it will work?🤔

lol that’s one way to look at it! 🤣

Still big news though! 🔥