Last year, Farcaster launched its embedded wallet and accelerated its push into social + trading features. At the time, many people didn’t understand the move, some even openly criticized it. The team and the community had to constantly explain why this direction made sense, and that was within the crypto world, no less.
Now fast forward to today, X is rolling out similar features, and suddenly there’s a lot of excitement and anticipation around it.
Of course, Farcaster may not yet be a real competitor to X, even though it made this move a year earlier. Still, X’s entry could have meaningful implications for players like Robinhood that are trying to add social features. and Dan’s words may prove true:
"It’s far easier to add a wallet to a social network than a social network to a wallet".
https://x.com/nikitabier/status/2010277345651990564