I’ve been researching @farcaster so you don’t have to. Because let’s be honest, everyone’s talking about Farcaster, Frames, and weekly USDC rewards but we also have a minority group who’re yet to be convinced because they aren’t moved by hype. No one is addressing this minority group or talking about the actual problem Farcaster is solving. This piece is going to be long, but it’s worth it. I’ll be breaking down what @farcaster is and whether or not it has the potential or if we’re just hyping up another Web3 toy. 🧵
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My Honest POV on Internet Capital Markets as a trader and marketer in Web3 ICM is, you know, like the new shiny thing. The hype has died down a bit, but to be fair, it has potential. The idea of giving creators and founders new ways to raise capital is cool. But the way a lot of these products are being built right now? Not cool. First of all, if you’re building a Web3 product with a token, make it make sense. Why am I holding your token if I still need to subscribe via Stripe or my dollar card? Why can’t I just use the token inside your application? You say you’re Web3, but you’re moving like 2014 SaaS startup with a coin slapped on it. That’s just being lazy. And don’t get me started on the token-with-no-use-case pattern. You create a token, hype it up, it pumps, people dump, and that’s it. No value, no stickiness, just vibes and volume that disappear after the first exit candle.
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Founder: I need someone for a growth role. You’ll handle community, content, video editing, graphic design, sales, GTM strategy, partnerships, influencer outreach, and maybe help us pitch to VCs. We’re a startup and currently bootstrapping so budget is $1,000/month.
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