The protocol is valued at $1 billion. Here are 10 of the best channels in the Farcaster ecosystem
Written by: Wenser, Odaily Planet Daily
In May, the decentralized social protocol Farcaster announced the completion of a $150 million financing led by Paradigm and a16z crypto, Haun, USV, Variant, Standard Crypto and others participated in the investment, with a valuation of up to $1 billion, entering the "unicorn ranks"; on July 2, the total revenue of the protocol exceeded $2 million, and the total number of users exceeded 570,000. It can be said that Farcaster is now the hottest social protocol in the crypto industry, and according to sources, "Like most protocols, Farcaster is expected to launchToken, investors will be eager to capture its fully diluted value.”
Previously in "Analysis of Spectral: $30 million in financing, S1 airdropped 8 millionTokenOn-chain AI 代理》一文中我们也有提到，Farcaster 的活跃用户（具体条件为拥有 10+ 点赞、 10+ 关注者、 10+ 内容发布以及 10-200 个互动联系人即可）也是空投对象之一，因此，在优质频道保持活跃或许对未来的Token空投拥有不小的加成。
Odaily Planet Daily hereby reviews and introduces the top 10 high-quality channels in the Farcaster ecosystem for readers' reference, and takes advantage of the opportunity to compare it with the mature platforms next door to get a glimpse of its growth space.
Channel decentralization: a channel is a "decentralized world"
On May 18 this year, Farcaster co-founder Dan Romero wrote, “We are decentralizing the Farcaster channel. Different channels will run on the chain and remain independent, similar to user accounts. If you build aCommunityChannel, theCommunityYou, not a centralized platform, will have the final say over membership. Additionally, the channel protocol version will give channel creators flexibility in ownership, management, and economics. We hope to have channels fully decentralized, meaning independent of the Warpcast client, by the end of the summer.”
It has to be said that Dan, who came from Coinbase, may have had complaints about centralized platforms for a long time, so he tried his best to avoid the "centralized problem" in his entrepreneurial project. Farcaster's client is also a rare "hundred flowers blooming" in the countless social protocol ecosystems - including not only the semi-official Warpcast, but also early ecosystem applications such as Supercast and Kiosk, internationalized organized applications such as Phaver and Firefly App, and even independent developer applications such as Recaster.
Perhaps, in Dan's vision, the channel's "ownership - management rights - economic system" is more like "Lego blocks" combined together. Different components lay the foundation for the stable operation and circulation of a channel's "authority - content - economic elements", thereby giving it "anti-fragility" to a certain extent.
Farcaster co-founder Dan Romero's vision for decentralized channels
Not only that, Dan also responded to a user's comment that "I hope the core of Warpcast is not just English users" by saying that Warpcast is an American team with no international expansion plans. The team believes that they can create an excellent client for English users, but they do not have enough bandwidth to serve international users well.
Therefore, the growth space of Farcaster protocol and more localized clients is still full of imagination. Without further ado, here are the top 10 high-quality channels in Farcaster ecosystem that I personally think are suitable for "content farming" and can also establish their own "industry reputation" by outputting high-quality content, for your reference.
1./base
Address: https://warpcast.com/~/channel/base
Followers: 360,000
Post threshold: 840 Wraps
As the "Onchain Summer Star Project" created by the Base ecosystem, this channel has the highest activity, strongest cohesion and the best building atmosphere within the Farcaster ecosystem. With the halo of "bigwigs in the circle" including Base protocol leader Jesse Pollak, Farcaster co-founder Dan, and Coinbase CEO Brian Amstrong, the threshold for posting in the Base channel is obviously high - users need to pay Wraps (Wrapcast platform currency, which can be used for rewards or fees) equivalent to US$8.4 to "Cast" (post).
Here, you can publish everything about the Base ecosystem, whether it is a Meme coin project, some opinions and suggestions on the development of the Base ecosystem, or a Freemint NFT. Relatively speaking, the Base ecosystem welcomes all builders to participate in the construction. In addition, /onchainsummer is also a channel worth paying attention to in the Base ecosystem (the number of followers is about 12,000).
Channel Introduction
2./farcaster
Address: https://warpcast.com/~/channel/farcaster
Followers: 297,000
Posting threshold: None
As an official channel, Farcaster channel can be said to be one of the earliest channels, and it is also extremely tolerant of all content. You can discuss all things related to Farcaster here. Official staff including Dan will also respond and communicate on certain posts, and they are quite peaceful. For example, this post published yesterday gave a positive response to the user who complained about Wrapcast, and it was quite sincere - not only did it briefly explain the user import mechanism of Farcaster, but also mentioned the Farcaster users want toXiaobai NavigationSmall tips to gain attention and popularity on this platform.
Channel Introduction
3./Memes
Address: https://warpcast.com/~/channel/memes
Followers: 318,000
Posting threshold: None
As the "greatest common divisor of human culture", Memes play a vital role in human attraction and communication. Therefore, just like forums such as Reddit and 4chan, the Memes channel is also one of the most active channels of Farcaster, where you can share Internet hot memes and even some so-called "Internet mourning pictures". What is important is not how many likes and comments there are, but the vibe of having an "online postmodern carnival" with "Internet family members".
Channel Introduction
4./degen
Address: https://warpcast.com/~/channel/degen
Followers: 92,000
Posting threshold: None
Degen 是一个典型的「社区型 Meme 」项目，但又不止于 Meme 币。项目 X 平台官方账号建立于今年 1 月，但借着 Base 生态的东风，DEGEN 代币逐渐成为 Farcaster 生态特有的「流通货币」，不仅如此，此前与 Web3 基础设置 Syndicate 合作推出 Layer 3 网络 Degen Chain 也是一个「代币催生链」的绝佳范例。此前，据官方消息，DEGEN 代币持有人数在上线 6 个月时间内超 50 万，不得不说，这个成绩是极为恐怖的。
The Degen channel is also a mixed bag, filled with all kinds of shouting information, promotional information, and a certain proportion of Alpha high-quality information. Therefore, the channel introduction directly states that "it does not constitute investment advice." Of course, the high-quality content of this channel is relatively easier to get DEGEN token rewards. It is worth mentioning that the relevant members of the /mfers channel (with about 17,500 followers) are also very active in this channel, so it is worth interacting with more.
Channel Introduction
5./ethereum
Address: https://warpcast.com/~/channel/ethereum
Followers: 256,000
Posting threshold: None
As one of the former "die-hard fans of Ethereum", it is not surprising that Ethereum's official channel in Farcaster Ecosystem has such a large number of followers. Not only that, compared with the current noisy public social media of X platform, the niche channel of Farcaster Ecosystem has become one of the few places where many "industry leaders", "OGs in the circle" and well-known founders are very active, and the topics discussed are also very wide. If you are interested in technology or Ethereum Ecosystem research, you can participate more here.
Channel interface
6./founders
Address: https://warpcast.com/~/channel/founders
Followers: 161,000
Posting threshold: None
As a co-founder of Farcaster, Dan insists on checking in every day to get Streaks in the channel. The Founders channel gathers founders and co-founders of many projects. Even Coinbase CEO Brian Amstrong has posted here before, highly praising the work of the two founders of Farcaster. Not only that, Dan and Brian have also launched an AMA event in this channel before, which is also a good window for external publicity.
Channel interface
7./crypto
地址：https://warpcast.com/~/channel/crypto
Followers: 8.7 thousand
Posting threshold: None
Compared with the previous channels, the number of followers of this channel has dropped a level, but it is still a channel worth mentioning separately. After all, the influence of crypto in the industry is expanding day by day, and the management of this channel is relatively strict. It is directly stated in the channel introduction: "General discussioncryptocurrency, from its uses and technology to its culture and philosophy. Spam information about prices, charts, gambling, etc. will be hidden or banned. Please check the channel rules. 」
Channel interface
8./fitness
Address: https://warpcast.com/~/channel/fitness
Followers: 92,000
Posting threshold: None
Physical exercise is also an important part of a "niche ecology", which has attracted nearly 100,000 followers. In addition, this channel is also one of the common active positions of many robot accounts or "E-beggars" such as "posting for rewards" - the other two are /food channel (about 86,000 followers) and /design (about 178,000 followers).
As Dan said, usually when new users log in to Wrapcast for the first time, the recommended channels they see will include this channel and other similar channels, making it easier for users to "integrate into the Farcaster ecosystem and communication environment."
Channel interface
9./nouns
Address: https://warpcast.com/~/channel/nouns
Followers: 72,000
Posting threshold: None
ascryptocurrencyAs one of the well-known cultural symbols in the field, Nouns’ popularity and popularity in the Farcaster ecosystem cannot be underestimated. DAO The final outcome was not ideal, but the discussion about the decentralized governance structure of Nouns and the spirit of "freedom, openness, optimism, and crypto-punk" conveyed by the Nouns symbol are still quite marketable. This is also the reason why you can often see a similar symbol in many landmarks or promotional posters.
Channel interface
10./Warpcast
Address: https://warpcast.com/~/channel/warpcast
Followers: 40,600
Posting threshold: None
Yes, as an official client, Warpcast also has its own channel, but it looks more like a "customer service forum"? In any case, it is also a feedback channel in addition to direct communication with Dan and V, the two co-founders of Farcaster.
Channel interface
Summary: The active user aggregation effect is obvious, and the ecosystem is still in its early stages
According to a data report in April this year, Reddit, a well-known Internet forum and a US listed company founded in 2005, has a total user base of approximately 500 million, with over 100,000 active sub-forums, of which over 500 forums have at least 1 million subscribers. The most popular subscribed forum is r/funny, which has over 55 million subscribers.
In comparison, Farcaster, with a total number of only 570,000 users, is as immature as a "newborn". Therefore, active users are mainly concentrated in a few channels such as /base and /farcaster. The ecosystem is obviously in its early stages. The economic system within the ecosystem supported by Wraps and DEGEN and the $5 threshold for app downloads also show that Farcaster is not yet fully prepared for large-scale expansion.
In addition, compared with Web2 people, Web3 people may have a stronger awareness of payment, which is one of the important reasons why Farcaster can achieve more than 2 million US dollars in protocol revenue through hundreds of thousands of users.
From a horizontal comparison between Reddit and Farcaster, the latter's development potential can even be said to have ten thousand times of growth space. This may be the reason why a number of star capitals such as Paradigm and a16z crypto are willing to place such a heavy bet and gamble on the "next generation decentralized social track."
As for whether it can truly become a world-class social application like Reddit, X, or even Facebook and Instagram, only time will tell.
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