Farcaster just made a bold pivot—here’s what you need to know:

- After 5 years building an open social network, Farcaster’s team is turning the wallet into their main product

- Their social features failed to create strong, stable demand

- The new built-in wallet took off unexpectedly—users loved it even more than the network itself

- The logic? People arrive for the wallet’s convenience and stay for the social connections

- All new official updates will focus on wallet features

- The protocol stays open, so anyone can use different clients or even build their own

- If you prefer the old Farcaster, you can switch clients or leave altogether

My take?

Farcaster was paid and never competitive with Twitter; the main attraction was the rumoured drop

Rewards so far have only come from ecosystem projects—not Farcaster itself

Now they’re jumping into the wallet race, but it’s a crowded field

Unless the drop comes soon, Farcaster risks another strategy shift in future

Thinking of withdrawing your funds? Up to you—personally, I’m staying for now and waiting to see what wallet activities come next