fc-updates
Important updates about things happening in Farcaster
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New: Collectibles! Support your favorite creators by collecting their casts onchain. Each cast can be turned into a unique, 1-of-1 collectible. Just tap the new "collect" icon on a cast to get started. Casts can be collected starting at $1. If there are multiple collectors, it goes to the highest bidder. Creators get 90% collectible earnings, and the remaining 10% goes to the protocol rewards. We’re excited about collectibles for a few reasons: 1. Creators earn directly from their audience 2. New creators can earn on their first day 3. Users get to collect a unique piece of Farcaster history Collectibles will go live tomorrow morning around 9am PT. We're announcing this early so people can be ready to collect their favorite casts when the feature is live! Learn more here: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c?pvs=74
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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
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