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

Farcaster SE
Farcaster
Farcaster Pro
Farcaster Ultra

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

https://portrait.so/pichi

Steemit and BitClout didn’t have a shared identity layer that was plug & play protocols and they were both closed systems afaik. BAT was for ad networks. Feels like you’re just calling anything with a rewards pool with fees "the same movie" and ignoring all the actual differences that make Farcaster interesting to be snarky about this. 

(I am not familiar with Rally)

Steemit, Basic Attention Token, BitClout, Rally have all tried similar.

Which protocol are you referencing here that was planning to charge to fund creator reward pools?