除了Meme币，Farcaster生态还有哪些项目值得关注？
Original author: Shenchao TechFlow
In the past week, a frequently mentioned topic in the encryption market is Farcaster.
As a social protocol based on OP Stack built on Ethereum, users can register with an Ethereum wallet.
Its interface and functionality look similar to Twitter, but 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 has completed an angel round of financing of US$30 million led by A16Z, and crypto core figures such as Vitalik often express their opinions.
Now, what makes Farcaster popular again?
From the development side, Farcaster recently launched a new feature called Frame, which can turn any cast (you can understand it as Farcasters tweets or posts) into an interactive application; this new feature brings more to the Farcaster ecosystem possibilities, including an airdrop checker built into the cast and one-click gas-free NFT minting.
In other words, Frame can easily attract crypto developers and pave the way for more fun crypto businesses.
On the user side, the token airdrop on Faracaster has further spread the wealth effect, and more users have begun to speculate because of some peoples early airdrop profits.
Stimulated by multiple factors, Farcasters user volume, number of posts, and activity have increased significantly. Warpcast on the mobile phone once crashed and could not be logged in. This sign may also open up a new opportunity for the rotation of narrative hot spots.
In the current Farcaster ecosystem, which tokens and projects are worthy of further attention?
$Degen: Facaster’s meme faucet
As its name suggests, this token has more of a speculative meaning, and it is also the current leading token in the Farcaster ecosystem.
The origin of the token is very simple. As long as users make comments and other active actions in Farcasters degen channel, they may receive $Degen token rewards.
In essence, Degen is a MEME token that encourages crypto degens to discuss speculative information on Farcaster. But now Degen has also emerged from the crowd of airdrop tokens and has become the focus of the crypto medias recent attention.
Tokens are generated on the Base chain. The current market value of Degen has reached 110 million US dollars, and the price has experienced a huge increase in the last 24 hours.
Around January 26, the price of Degen was only $0.0002, and it has now increased nearly 15 times.
In Degen’s token economics, 15% of the total token supply has been airdropped, and about 20% of the airdrops will be generated in the next stage. Therefore, there may be opportunities to actively do more active actions in the Degen channel. Get more airdrops; as MEME, the current leader of the Farcaster ecosystem, it is also a good choice to directly pay attention to the performance of the Degen secondary market itself.
$ Frame: A token with the same name as the Frame function
The token with the same name as Farcasters recently launched Frame function currently has a market value of less than $7 million, which is far from $DEGEN, but it also means more opportunities.
The token was originally created on Base on February 2nd as an experiment to test the functionality of Frame on Farcaster, but has since evolved into more of a MEME-related symbol.
Currently $FRAME will be used to provide grants, bounties, and rewards to builders in the Farcaster ecosystem, specifically those building with Frames. However, the airdrop tokens have been collected and can only be purchased on secondary markets such as Uniswap.
$Cast: Token with the same name as the posting function
In Farcasts app warpcast, each of your posts has a button called cast that you can click to send your post.
Therefore, cast has a similar meaning to tweeting, and it also constitutes one of the core functions of Farcast. Similarly, MEME is pervasive, and the $CAST token with the same name as this function has begun to appear, with a market value of only $40,000 as of the time of publication.
It should be noted that the token risks and benefits of this forcibly bound layer concept coexist, and it may attract attention in an instant, or it may be quickly forgotten. But just like the early naming of Zhanshanweiwang in the early days of inscriptions, the earlier it is bound to the core concept, the easier it is to attract heat and attention.
For tokens with smaller market capitalization, there is similar $Far (a tribute to Farcaster’s name), and please also ask DYOR.
$Points: A MEME that was born out of a joke and grows old and blooms.
As early as December last year, Twitter user Kyle McCollom posted a tweet predicting the emergence of a MEME coin called Points, which was destined to fail.
This seemingly random tweet was implemented by one of the crypto industry OGs, Matthias, who deployed a contract to initiate a $Points token airdrop to Farcaster users and created a minting frontend.
In mid-December last year, Points tokens skyrocketed, once rising by about 2,800% from the opening, but then gradually lost popularity and the price returned to freezing point.
Previously, founder Matthias even live broadcasted the destruction of 75% of the Points token supply, which was quite an open and transparent entertainment spirit.
Recently, as Farcaster has become popular again, Points tokens have also experienced a periodic rise. As you can see from the chart below, Points suddenly rose rapidly around No. 3, and then fell back quickly.
As an early MEME related to Farcaster, any disturbance will inevitably affect the performance of the token, so it may be possible to add it to the watch list and operate in conjunction with Farcasters related positives and negatives.
NFT related
In addition to MEME, some NFT projects are also worthy of attention.
Farcaster OG:
The officially released OG NFT has certain airdrop expectations, and the current floor price has reached 2.4 E.
Farcats:
The NFT series features the image of the cat, officially described as Farcaster’s mascot, in the form of 1,661 unique and collectible NFTs. The current floor price is around 0.7 E
Castaways:
A collection of one thousand unique Farcaster NFTs created by 0x en, the most famous artist in the Farcaster ecosystem. What began as an exploration of the memetic possibilities of Farcasters arch logo has since evolved into a large-scale series with countless reinterpretations.
The current floor price is around 0.25 E.
It is worth mentioning that this project is an old series. Mint started in March last year, but it has not gained much popularity. It was not until around February this year that Farcaster became popular and all NFTs were mint.
Overall, the popularity of Farcasters main application has given Meme and NFT room for short-term growth. It also shows that the rapid rotation of crypto hotspots is mostly born in social discussions.
Farcaster, as a new frontier for encrypted social networking, will inevitably spawn more new projects and tokens; for ordinary players, they must actively participate in the social platform to pay attention to the trends of new topics and participate in discussions as much as possible. In order to obtain new opportunities for airdrops and discover the information gap of early new projects.
Readers who are interested in Farcaster can also register through the authors invitation link. After successful registration, you can also get 50 warps, which can be used to create channels, Mint NFT or perform more operations in the application.
