Farcaster, a new society built on a decentralized social network.

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Chainfeeds Introduction:

Crypto researcher AmelieHua analyzed how Farcaster built an ecosystem around builders and why Farcaster was successfully built with decentralized autonomy.

Article Source:

https://mp.weixin.qq.com/s/JyU00K5zT8VXnxnONumAWQ

Article author:

AmelieHua


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AmelieHua: Farcaster is a city under construction, and everything here is basically centered on builders. Most of Farcaster's infrastructure serves builders. Whether it is frames, actions, or programmable direct casts that may be launched soon, these most eye-catching infrastructure or basic designs on Farcaster are Lego handed to builders, allowing them to develop products in a composable way on a decentralized social network. Most of Farcaster's honors and rewards go to builders. The mainstream currency issuance method on Farcaster is rewarding, such as the most well-known DEGEN, and the recently popular project BUILD directly rewards builders. The vast majority of Farcaster residents are builders. People build, people discuss how to build, and people build tools and infrastructure for construction. Farcaster can operate well in a decentralized and autonomous manner for the following reasons: 1. It is built on decentralized technology; 2. It initially brought together a group of builders with conviction and a good community atmosphere; 3. The distribution of currency in the form of rewards not only effectively motivates individual builders, but also inspires everyone's participation; 4. Channels are not only conducive to discussing topics and accumulating content, but also help people get to know each other and establish their initial social network here. More importantly, individuals can form groups here to collaborate to complete a certain construction; 5. Frames add WYSIWYG products to the content stream. Developers use frames to develop products, and products are spread through social networks. The frames in the content stream bring independent developers and independent disseminators together to jointly complete product development and operation; 6. Almost everything on Farcaster is programmable. Farcaster's user data is decentralized and shareable, which makes Lego-style development possible. This development not only includes jointly improving a product, but also combining different products to achieve a new function; 7. A healthy social network that can efficiently transmit information and products makes it possible for people to obtain information and then work together.

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https://chainfeeds.substack.com

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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