Farcaster, an Ethereum Layer 2 Optimism-based decentralized social protocol, has seen its total revenue surge to $600,000.
The platform’s rise has been likened to FriendTech, another decentralized social network, which attracted a lot of users initially until it grappled with high fees that led to its failure.
Farcaster’s Growth Surges with Frames Integration
Farcaster initially caught users’ attention in early December 2023 and saw a modest increase in users paying for platform storage.
The second attention wave occurred in late January and peaked in early February. During this time, there was a surge in user signups, daily user activity, and posts, primarily driven by the launch of Frames on January 29, an in-app engagement tool.
Frames have brought about native monetization within the app. Users can offer an NFT to another Farcaster user if they follow the original poster’s account and repost their Frame with this feature. Hence, the excitement of obtaining free NFTs and the
We współpracy z: https://cryptopotato.com/farcasters-revenue-surges-to-600000-following-frames-integration/
