This guy did a deep dive on Farcaster so we don’t have to. Farcaster just raised $150m at a $1b+ valuation with 45k daily active users that seem to be mostly bots.
For context, Twitter has 250m DAU and is probably worth ~$50b. So Farcaster is valued at 2% of Twitter’s market cap with 0.02% of its DAU. 🤡🌎
Investors are going to burn billions on unworkable Web 3.0 apps while Nostr gets stronger by the day and grows organically. No blockchain needed.
{
"id":"c751bddaaef95e214a41564e78211fcb9f1e3ef68afe096d860aab0e2231778c",
"pubkey":"266815e0c9210dfa324c6cba3573b14bee49da4209a9456f9484e5106cd408a5",
"created_at":1716494464,
"kind":1,
"tags": [
[
"e",
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],
[
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[
"p",
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]
],
"content":"nostr:npub1zach44xjpc4yyhx6pgse2cj2pf98838kja03dv2e8ly8lfr094vqvm5dy5 is this guy missing something? I feel like this could easily be someone exploring nostr and looking for signal in all the bots\nnostr:nevent1qvzqqqqqqypzq3e0gs8jnmued6f2rp4c6vs07xqvs4vs8zpwt82smcdch4txjvq7qqspmfn8j6spzgvcs5qjt3r0mdz8x0knu3u3z244d6aw4jju2q5uf8c5ujute",
"sig":"6d1ef55243ed1d89f1442fd16f224655acd7b2c829807976971d2807857c14d4ab37881f5b8de9aaa54a220f16d975d23a1a18abc7526c445a8b58b13ff6285b"
}
