@vicks
Farcaster Goes Wallet-First 🚨
- Farcaster after 4.5 yrs & $150M: “We never truly found PMF as a decentralized Twitter.” Brutal honesty from @dwr
- Farcaster pivots: Social-first → Wallet-first. Come for the crypto tools, stay for the network
- Lesson: Can’t beat X/Twitter at pure social. Network effects too strong. Tooling > feeds for onboarding
- New plan: seamless onchain wallet (pay, trade, sign) as the front door. Social comes after
- “Come for the tool, stay for the network” worked for Base. Farcaster now all-in on it
- Protocol > app advantage: easier to add wallet-first than bolt wallet onto social later
- Crypto’s “Twitter killer” era is dead. Wallet era begins
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