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Techub News reports that Farcaster posted stating that the Farcaster protocol currently has no plans to launch a token. Recent discussions about the "Farcaster Token" are actually related to Hypersnap, a forked project based on the Farcaster protocol. Its team refers to the token as the "Farcaster Token," which has led to misunderstandings among some users.
Techub News reports, Farcaster founder Dan Romero addressed market rumors in a tweet, stating, "Farcaster has no plans to shut down. The protocol is currently operating normally and will continue to run stably in the future. In December last year, it had 250,000 monthly active users and over 100,000 funded wallets. The acquirer, Neynar, is a venture-backed startup planning to steer Farcaster towards a more developer-focused direction. Regarding the Merkle project, we plan to return the full $180 million raised to investors. Over the past five years, we have always strived to manage investor funds prudently. Finally, it should be noted that the funds for my property purchase came from the proceeds of Coinbase's Initial Public Offering (IPO)."
Techub News reports that Dan Romero, co-founder of Farcaster, announced that Farcaster will undergo a major strategic shift, abandoning its previous "social-first" strategy in favor of a "wallet-driven" approach. He stated that the recently rapidly growing in-app wallet feature is currently the module closest to achieving product-market fit. The strategy will adopt the concept of "first use the tool (wallet), then build the network (protocol)," aiming to drive user conversion through the wallet side and turn them into active protocol users. Furthermore, the protocol itself will remain open and decentralized, but the official application will focus on the intersection of wallets and social features.
Techub News: Dan Romero, co-founder of the decentralized social protocol Farcaster, posted on X that Farcaster has launched a November fee-free event. The wallet fee for users during swaps will be 0%, applicable to exchanges on Base, Solana, BSC, etc.
Techub News, the decentralized social protocol Farcaster tweeted that its application experienced an outage, and the team is currently fixing it. Base applications and other clients are unaffected.
Techub News: The decentralized social protocol Farcaster tweeted that it has opened free account registration. Users no longer need an invitation code or in-app payment. Previously, new Farcaster users had to pay a $5 fee to prevent the creation of spam accounts.
Techub News, AI-driven Meme coin issuance platform Clanker will join the Farcaster ecosystem. Farcaster plans to deeply integrate Clanker into the application and release the following updates. Clanker protocol fees will be used to purchase and hold CLANKER tokens; previous versions deposited part of the protocol fees into the fee treasury in the form of ecosystem tokens, and the team destroyed these tokens today; permanently locked approximately 7% of the CLANKER supply into a unilateral liquidity pool.
Techub News: The decentralized social protocol Farcaster announced via a tweet that it has completed a rebranding in collaboration with Nick Pattison and the Primary Studio team. The rebranding encompasses the logo, wordmark, font, color scheme, and brand elements. Official updates will be gradually rolled out within the mobile application and other platforms over the coming weeks.
Techub News, according to The Block, the decentralized social media protocol Farcaster will support BNB Chain. Earlier this year, Farcaster began expanding beyond the Ethereum ecosystem, integrating Solana and HyperEVM. Currently, the protocol is live on multiple Layer2s and sidechains, including Arbitrum, Base, Gnosis, OP Mainnet, Polygon, Unichain, and Zora.
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