MartyBent on Nostr: This guy did a deep dive on Farcaster so we don’t have to. Farcaster just raised ...
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.
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.