About FarcasterFarcaster is an open-source protocol built on Optimism, the L2 secured by Ethereum. The project was kickstarted in 2020 by former Coinbase employees, Dan Romero and Varun Srinivasan and raised $30M. After an initial invite-only mechanic which saw participation via organic social graphs, Farcaster transitioned to a paid model in 2024, with users paying a one-time sign-up fee of $5 which also acted as a bot-prevention scheme. The sign-up fee includes the rental of storage units t...