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Unchained

How Decentralized Social Network Farcaster Hopes to Eventually Get to One Billion Users - Ep. 607

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 13 February 2024

⏱️ 93 minutes

🧾️ Download transcript

Summary

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. In the two weeks since Farcaster introduced its Frames feature that allows developers to easily add mini apps to users’ posts, the decentralized social network has become the talk of Twitter, now X, and increased its user base by ten times, according to co-founder Dan Romero.  Romero joins Unchained to discuss why Frames has become so popular, the philosophy behind Farcaster and its client Warpcast, why the crypto component behind Farcaster is being kept to a minimum, how Apple’s new Vision Pro could lead to the creation of a 3D social network on Farcaster, how he and his fellow co-founder’s background at Coinbase helped shape their decisions about building Farcaster, and his vision for eventually getting Farcaster to a billion-plus users.  Show highlights: What Farcaster is and what problems it’s trying to solve How and why Farcaster uses blockchain technology in the background  How you can use ENS (Ethereum Name Services) for your handles on Farcaster How the recovery of accounts works on Farcaster and what the security implications are What Frames is and why it’s significant for developers and creators What’s controlled by the protocol vs. the client  What Dan imagines could be built with the new Apple Vision Pro Whether there’s potential for better economics and ways to monetize content in Farcaster Why Farcaster is on Optimism, an Ethereum Layer 2, and whether it could be moved to another network How they are working to build a more decentralized network What the future of Farcaster and Frames could look like How Dan’s background at Coinbase shaped the way in which he decided to build Farcaster What the strategy is for scaling the platform to the numbers more associated with Web2 social media Thank you to our sponsors! Popcorn Network Polkadot Guest: Dan Romero, Co-founder of Farcaster Coinbase’s Pragmatic Crypto Culture by Dan Romero Links Unchained:  Bounties to Build Frames on Farcaster Are Growing Rapidly Farcaster's User Base Skyrockets Nearly 500% After Frames Launch What Is SocialFi? A Beginner’s Guide The Chopping Block: Is Farcaster the Web3 Social Layer? Dan’s ideas for Farcaster Farcaster architecture Architecture Onchain password reset mechanism Why Farcaster Frames are important The layers of Farcaster Farcaster charges “rent” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think the problem with Web2 Social and especially Twitter historically and

0:05.1

whether you want to take the previous regime or the current regime it there's a

0:08.6

bunch of people in San Francisco that basically decide what is allowed versus not

0:14.7

that that's not how the internet should work. The internet should work in a much more decentralized way, which obviously the web does. Hi everyone, welcome to Unchained, you're no hype resource for all things

0:25.7

crypto. I'm your host Laura Shin, author of The Cryptopians. I started covering

0:30.8

crypto at eight years ago and as a senior editor of Forbes was the first mainstream

0:34.4

media reporter to cover cryptocurrency full-time. This is the February 13th 2024 episode of Unchained.

0:40.9

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Details on valtcraft.io.

1:18.8

Hey unchained listeners, as you know, it's hard keeping up with a fast-paced world of crypto, so we've got just the thing for you.

1:25.0

Subscribe to our free unchained daily newsletter at unchained crypto. substack.com. You'll get the latest crypto news and original articles from our reporters as well as

1:34.5

summaries of other happenings and bullet points plus our meme of the day all

1:38.5

curated and written by our amazing team. It's still your no-hype resource for all these crypto just in newsletter form

1:44.7

sign up at unchained crypto dot substack.com. Again the URL is

1:49.4

unchained crypto dot substack.com.

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