eveloped by a former Coinbase manager. The project has raised $30M from a16z, Standard Crypto, 1confirmation, A Capital, Coinbase Ventures, Chapter One, Multicoin Capital and more.
Farcaster is a protocol that allows you to create social applications.
A list of applications on Farcaster can be found at links:
https://www.farcaster.xyz/ecosystem
The Farcaster application is an analogue of Twitter with Web 3.0 support. It allows you to track the NFT activity of the users of the application. You can also view the owners of each NFT and the time of the minute.
Farcaster uses a hybrid architecture. The Farcaster identity is stored on the Ethereum network for security and consistency.
User data is encrypted and signed with an ID and stored on a server controlled by the user (Farcaster Hubs). The reason why the data is not stored on the blockchain is because the settlement cost on most L1 and L2 networks is too high and the speed is too slow.
This architecture is different from the architecture used in the LENS Protocol. Farcaster is more tailored to the actual needs of developers and is similar to social networks in WEB 2.0, but Farcaster is decentralized. User identities, data and social relationships are stored on the blockchain.
It is convenient to observe the growth of Farcaster in numbers on the website:
The total number of users is only 8,000 (+200 per week), of which about 3,000 people were active last month.
Very early stage.
To register, you need to get an invite from the team, but so far there are very few of them. You can try to write to Dan Romero in a personal.
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