What new developments are there for Farcaster that deserve attention?

Source: Bankless; Translated by Deng Tong, Golden Finance

The Farcaster ecosystem is growing rapidly, with new airdrops, new blockchains and new features recently. Let's take a quick look at some of the big highlights.

Warpcast Rebranding: Farcaster is a decentralized social networking protocol. You can create social apps on it. We have seen a wide variety of clients (such as Herocast, Litecast, Super, etc.), but by far the most popular is Warpcast, a flagship application developed by the Farcaster team.

• Having said that, many new users are still confused by the naming differences between Farcaster and Warpcast. People tend to ask “Are you on Farcaster?” instead of “Are you on Warpcast?” and so on.

• To solve this problem, the Farcaster team decided to simplify the process and rename both the mobile and web applications of Warpcast to Farcaster.

• Another interesting detail: The team has discussed open source codebases for Warpcast applications, which could trigger a new wave of projects to apply these infrastructures to other more experimental Farcaster clients.

Pro subscription plan: Additionally, Farcaster co-founder Dan Romero has just confirmed that the team is preparing to launch a new “Pro” subscription level for Farcaster power users. Premium members are expected to be $10 per month and will offer advanced features such as 10,000 character lineups and 4 pictures uploads per post.

• It is worth noting that all the benefits of the on-chain subscription system will be distributed in a flywheel manner to Farcaster’s creator rewards program, which has distributed $25,000 per week to top posters on Farcaster.

• “The agreement requires finding long-term revenue streams that can continue to fund the rewards of anchors and developers, not just any company,” Romero explained. “We initially thought the storage fee could be a reward, but we realized that to facilitate growth, the storage fee should be basically free.”

Farcaster First Airdrops: Earlier this year, Farcaster launched native wallets for its mobile and web apps to make easier transactions with its thriving mini-program ecosystem. Now, this wallet is gradually becoming a collection center for convenient airdrops.

• Farcaster has some of the most active on-chain users, and crypto projects have been eager to win over them. Therefore, Farcaster has been working with third-party teams to distribute airdrops such as $CELO and $WCT directly to Farcaster wallet users. To date, $110,000 has been airdropped in this way, and more distributions are underway.

• The win-win concept is that these teams can attract new high-quality users while increasing the appeal of Farcaster.

• The first batch of airdrops averages about $10 per time, providing a convenient way to top up your Farcaster wallet. But Linda Xie, head of the developer ecosystem at Farcaster, pointed out that some projects will exclude users who have participated in airdrops many times before. If you intend to get involved, consider holding as long as possible to maximize your chances of future distribution.

A new ecosystem is coming: Base Base is by far the most popular public chain in the Farcaster project, but we are starting to see more ecosystem diversity. For example, Celo and Monad Monad testnets have recently been integrated into Mini Apps and Farcaster wallets, and even larger integrations are coming.

• First, Farcaster is currently developing a new Solana Solana wallet beta, and will be fully launched soon. Its arrival should be a significant catalyst in the Solana Mini Apps space.

• If the team continues to launch support for such new ecosystems, they will have sufficient conditions to build Farcaster into one of the top social events hubs on all top blockchains. Stay tuned for these progress.

Coinbase Wallet Integration: Coinbase Wallet is one of the most popular apps and on-chain gateways in the cryptocurrency space, and it has been fully refactored for the upcoming 2.0 version. One of the main new highlights of this revision is the native Farcaster integration.

• In other words, you will soon be able to post and trade directly within your Coinbase wallet with Farcaster. The wallet will contain social dynamics for scrolling and comments, as well as the search and discovery process for the Farcaster Mini app.

• This brand new wallet experience is not open to everyone yet, but you can join the Beta test waitlist with this form. If you are accepted, you will receive an invitation link.

• Given Coinbase’s coverage, this integration is expected to significantly increase the number of active users of Farcaster in the coming months.