The decentralized social protocol Farcaster raised another $150 million in Series A funding on May 21, bringing its total financing to $180 million, led by Paradigm and A16z. The investment lineup can be said to be quite luxurious, but the key is that its application Warpcast currently has only more than 300,000 registered users!
Although the founder of Farcaster seemed to have said that Warpcast would not issue coins, the Meme-Degen posted in a channel in the app this year gave many active users in the channel thousands of Us.
So I think the annual fee of 5U is still worth buying, the cost is not high
-What is Farcaster?
Farcaster is a social protocol built on Ethereum and based on OP Stack. Users can register with an Ethereum wallet. Similar to Twitter, compared with traditional Web2 platforms, Farcaster emphasizes user control over data and allows social data to be transferred between different applications within its ecosystem.
As early as 2021, Farcaster had completed a US$30 million angel round of financing led by A16Z, and core crypto figures such as Vitalik and the founder of Base often expressed their insights in it.
2024-05-21, Farcaster completed a $150 million Series A financing, with a valuation of $1 billion
Farcaster is the underlying protocol (similar to L0)
Warpcast is the application layer (STG)
The current form of interaction is to post articles on the App, like and comment on others, etc.
Conditions for getting Warpcast’s OG NFT
- Complete profile
-Bind Ethereum address
- Have at least 400 followers
-Account creation must be within 7 days
-Has had an interaction in the past 30 days, including reply, like, and forward
registration process
First open the link and fill in your email
https://warpcast.com/~/invite-page/551610?id=bc17e43a
Then open your mailbox, click on the text message you just received, and select ios download
I will use iOS to demonstrate here.
After downloading the App, open it and click Create account to create an account
Fill in the email address you just registered, and verify the email account after receiving the email
After verification is complete, return to warpcast and pay 5$. I used a domestic ID to pay, 38RMB. Then set your user name, profile picture, and select your interests and hobbies.
We have completed the registration.
PC login
If you log in from the computer, open this official website and select Login with phone
Then point your phone camera at the QR code, it will prompt a URL, open the browser and jump to the APP to authorize login
http://warpcast.com
Bind wallet
After logging in, click Settings and select verified-addresses to bind your wallet
Be sure to bind both the EVM and Solana wallets!
Otherwise, if there is an airdrop, all the efforts will be in vain!
How to get Degen airdrops currently
-Bind your wallet address in warpcast
-The wallet address needs to hold at least 10,000 degen (on the BASE chain), about 100U
-Publish 3 or more posts and you will meet the reward conditions after 48 hours.
Inquire:
https://www.degen.tips/airdrop2/season2
(The deadline for claiming the third season airdrop rewards is May 29, 2024)
Degen Contract:
0x4ed4E862860beD51a9570b96d89aF5E1B0Efefed
After you have the qualification to participate in the airdrop, different Degen quotas will be allocated according to your level of interaction. This quota is not directly given to you for airdrop, but for you to use to reward other users.
The more Degen you receive as rewards from others, the more points you will get, and points are the key to obtaining the second phase of airdrops.
If your friends have also registered, you can send Degen to each other to increase your respective points when both of you have obtained the participation qualifications.
The donation method is also very simple. Assuming you have a daily donation quota of 1,000 Degen, you can directly reply to other people’s posts with 1,000 $DEGEN, and this will be considered as giving away your Degen.
When the amount of Degen donated exceeds the daily quota, no more points will be calculated. As the level of interaction increases, the amount of daily donations will also increase.
Mutual Relationship
https://warpcast.com/don1z