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

This is a bold move. For small accounts this is probably not worthy, as 120 per year is a lot of money.  Let's wait and see what are the new features, and if they will be worth the payment.

What are your thoughts?

Also, this puts Farcaster (aka Warpcast) in a strange position because they are not getting traction as they need money to survive.  Is it the begining of the end? I wish no.