MagicEden x Yuga Labs Marketplace is live

Magic Eden's new Ethereum marketplace, created in collaboration with Yuga Labs is live today, introducing the industry's first major Ethereum platform to honor creator royalties (again).

Building Consumer at Internet Speed

“The internet ushered in a Cambrian explosion of connection, allowing us to find each other while thousands of miles apart. People began forming communities around factors beyond location, such as personal interests and ideologies. In some ways, the internet felt like the only venue where one could fully and freely express themselves and find other like-minded people without borders.”

Lens Goes Permissionless

The decentralized social protocol from Avara (fka Aave Labs) is now permissionless. Just six months after launching in beta, over 100,000 users were engaging with apps across Lens. The community created over 37M onchain social transactions, including 5M posts, 4.5M mirrors, 2.2M comments, and 11M follows.

Open Actions and Frames Spec

The Frame Transactions spec is ready for feedback. This will be a massive unlock for the Farcaster community (transactions!).

“That’s Our Two Satoshis” - The Reddit IPO is Crypto Without the Crypto

“Reddit plans to place a big chunk of its IPO shares in the hands of its users, an unusual move that could build loyalty, but seems too little, too late.  Ideally, Reddit shares will rise in their stock-market debut for the company and its underwriters, bestowing big gains on those who buy in at the IPO price.”

State of Wallets Part 1: Wallet Technologies

“The two most important technologies created in crypto/web3 are the concept of blockspace and cryptographic keys/wallets. Wallet technologies have now expanded beyond self-custodial wallets, and we believe within the next 5 years wallets will change dramatically – marking crypto’s “iPhone” moment. In this part, we will cover the various wallet technologies. In the future parts, we will cover related trends like how data and identifiers will be attached to wallets.”

INTRODUCING: The Farcaster Index

A home for market and community across select Farcaster-native tokens, including $DEGEN, $TYBG, $POINTS, Farcats, OGs, and more... An experiment by @moonlightco.

Today's Frame: “NGL” by @watcher

Trending Channel: /six hosted by @six

More (read on Paragraph to access):

• FF Newsletter Latest

• Sovereignty® by NFT Now

• Token Compensation Primer

• Raises >> Initia $7.5m Round

• Polymarket Volume ATH

• Uniswap Extension

• Gold L3 Chain

• Satoshi Lost Emails

• Warpshop

Farcaster ships support for Solana addresses

The Merkle Manufactory team has enabled Warpcast to link users’ Solana addresses through wallets compatible with the platform. Phantom, the most widely used wallet for Solana, confirmed this integration. Big moves… welcome to the Solana folks!

Reddit diversifying into ETH and BTC

Reddit said it invested part of its excess cash in BTC) and ETH, making the firm one of the few companies that directly purchased digital assets alongside the likes of Michael Saylor's MicroStrategy and Elon Musk's Tesla. Welcome?

Privy is now available for everyone!

“After 15 months, 2.5M users onboarded, 902 SDK releases and 5 audits, we're opening up so anyone can sign up to Privy. We're excited to serve the next generation of crypto apps by making it seamless for them to onboard and engage everyone.”

Bluesky: An Open Social Web

Bluesky now lets users host their own social media data, enabling easy switching between hosts without losing content or connections. The platform emphasizes global conversation and customizable features, with seamless account portability, unlike Mastodon.

Unlonely S2 Payouts

“We just paid out 20+ contestants who participated on season 2 of love on leverage ~$400 each (splitting the streamer revenue we earned across 5 episodes) 🫶”

Activate Uniswap Protocol Governance

The Uniswap governance lead just submitted a proposal to create a fee mechanism that rewards UNI token holders that have delegated and staked their tokens. The token price spiked as a result.

Today’s Frame: 9dcc Store by gmoney

Channel of the Day:  /skincare hosted by @mantej.eth

More (read on Paragraph to access):

• Farcaster Channel Pass

• Airtack No-Code Frames

• Raises >> Superfluid $1.5m Round

• Sound.xyz Custom Homepage

• Trump on Bitcoin

• Kraken <> SEC

• Instagram Influencer <> Brand Marketplace

• Phantom Wallet Watcher

• AI x Crypto

Open Frames

Open Frames is a draft specification for “universal” Frames that works anywhere on the internet. This enables integration into different ecosystems and applications, including apps, websites, and even email clients. Exciting....

Metalabel Re-launch: a new model for creative work

Metalabel unveiled their new collaborative label platform that allows groups of people to come together to drop work and split funds. To kick things off, they dropped a book of their own with key collaborators. So far 500/777 "artifacts" have been acquired!!!

Uniswap releases uni.eth subnames

Uniswap has released uni.eth subnames for all Uniswap mobile app users. As Raihan puts it, we’ve entered an age of self-expression. New adoption lego?

L3s for Base and the OP Stack: Syndicate started the L3 season?

Conduit has made it insanely easy for anyone to roll up an L3 using Base and OP Stack. Jesse Pollak outlines a running list of L3 ideas in this thread. Hello Degen!

Web3: A New Commerce Layer for the Internet

“In the next few years, we’ll move from closed online commerce, facilitated by large e-commerce platforms, towards an open commerce system. This is uniquely made possible by converging megatrends, with the maturing of Web3 infrastructure playing a key role.” Worth a read!

Google AI diversity Issue

“Social media platform X has been flooded with countless examples of Gemini producing images with “diversity” dialed up to maximum volume: black Roman emperors, native American rabbis, Albert Einstein as a small Indian woman, Google’s Asian founders “Larry Pang and Sergey Bing,” diverse Mount Rushmore, President “Arabian” Lincoln, the female crew of the Apollo 11 and a Hindu woman tucking into a beef steak to represent a Bitcoiner.”

Today’s Frame: Nouns Client ideas by Seneca

Channel of the Day:  /techarchive hosted by YB

More (read on Paragraph to access):

• FWB Fest 24

• European Central Bank on Bitcoin

• Eth ZK Grants Round

• EigenLayer $100m from a16z

• Gauntlet is leaving Aave

• PSG Team to Validate a Blockchain

• Sign-in with Farcaster

• Bello Farcaster Dashboard

• Who the F*** is DeeZe?

Optimism Unveils Airdrop #4: $41m to 23k Wallets

If you’ve created across the OP Superchain (Base, Zora, etc.), you’re likely eligible for an airdrop from Optimism. Folks are landing up to $20k in rewards for minting and creating onchain. Feels good to be onchain!

Nouns x Farcaster

Nouns is running a Farcaster Client round to get more Nounish clients built. Seneca is curating thoughts from across the community. $50k awards available to the three teams with the winning proposals. Who's building this?

Frame This

“Over the past few weeks, Frame has been a ‘killer app’ that has driven Farcaster to prominence. At peak, the application did close to 42k DAUs compared to a little over 2.5k DAUs a few weeks back. There has been a similar revenue growth, too. Cumulative revenue on the platform has grown to $620k, of which some $400k came in last month alone.” Welcome @joeljohn to Farcaster.

Coinbase x Liquid Death Ad

Coinbase spend $500k to get an ad across Liquid Death packaging. They also paid in USDC and saved $12,000 in transaction fees! Genius!

Announcing PartyBot

Start a Party Room in just 1 cast.

- Tag @partybot and up to 4 of your friends

- Include text for the name of your Room

- Add an image for your Room's NFT memberships

Today’s Frame: Artbot by Artblocks

Channel of the Day: /outcasts hosted by @sum

More (read online to access the links):

• The internet is broken

• Metalabel Launch

• Venture Capital & Free Lunch

• Raises >> Meso $9.5M Seed

• Pudgy Toys x Wallmart

• Visioncast

• Gaga back as Yuga labs CEO

• Crypto Vibe Shift?

• Programmable IP

• Ultra High-Throughput L3s

A full set of ten Autoglyphs were sold onchain for 5000 ETH

“Moments ago, a full set of ten Autoglyphs, minted originally by Larva Labs themselves, was sold to a Distinguished Private Collector for 5,000 ETH, making it one of the top NFT sales ever recorded onchain…”

MetaMask Reveals 55% Surge in Users + Introduces Default Security Alerts

“In 2024, MetaMask estimates that the security alerts will prevent hundreds of millions worth of assets from being stolen.”

Ethereum Hits $3,000 For First Time Since April 2022 + ETF Anticipation

ETH hit $3k, and then quickly rolled back. Still, the market is clearly excited for new developments, new users, and new capital from potential ETF inflows.

DEGEN Fundraise

“Happy to announce that the $DEGEN angel investing round is now done! 1Confirmation is our lead investor, with amazing Farcaster OGs and friends backing us as well. The funding will help us grow the Degen ecosystem and community to be even more badass! Big shoutout to everyone riding this wave with us!”

Beyond the Hoodie: Why Tech Bros Have Money but Nothing to Wear

“Web3 fashion founder and crypto investor gmoney is hoping the new collection for his label, 9dcc, will give tech guys the confidence to shop for luxury.”

Twitter Cross-Follow

Use Yup to instantly cross-follow everyone from Twitter on Farcaster (and vice-versa).

Today’s Frame: Cast Different by Ted

Channel of the Day: /farcastles hosted by raulonastool.eth

More (read on Paragraph to access):

• Collective DAO Catalog

• Botto DAO Frame

• Worldcoin Bounty Program

• Starknet Token is Live

• Data Availability Deep Dive

• A stablecoin that yields 27% APY

• EthGlobal Denver Pack

• Outcast NFT Collection

Frames with Superpowers – Zora Adds Webhooks Support for Frames

You can now make a frame mintable with basically any conditions. The only limit is your imagination. Mint on a full moon? Mintable only if the Chiefs win the Super Bowl? Mintable only as long as I have fewer than 10k followers? Go imagine and ship!

OpenAI Announces Sora 

OpenAI announced Sora, their new model which creates high definition, minutes-long videos from any text prompt. The results are mind-blowing and memeable – and Zora meets Sora sounds like a collab waiting to happen!

Coinbase Q4 earnings

Coinbase announced remarkable fourth-quarter results, boasting a revenue of $953.8 million and a profit of $273.4 million. This success is attributed to increased interest income generated from its stablecoin reserves and other offerings, notably Base, which is currently safeguarding assets exceeding $600 million. Mint it here.

Farcaster Dev Call Notes

Several Hub improvements were shipped in the last week. The team also shipped a new Frames validator and is currently experimenting with transactions within Frames via wallets (ETA: 1-2 weeks):  “we are going to set a UX standard for frame transactions that feels great… taking an opinionated view and pulling the market forward" – @dwr. The team is currently focused on growing pains (fixing spam and channel host features).

Understanding the Intersection of Crypto and AI

“Crypto provides AI with a permissionless, trustless, and composable settlement layer. This unlocks use cases such as making hardware more accessible through decentralized compute systems, building AI agents that can execute complex tasks requiring the exchange of value, and developing identity and provenance solutions to combat Sybil attacks and deep fakes.”

Today’s Frame: Degen Powerball by LottoPGF

Channel of the Day: /consumercrypto hosted by Seed Club Folks

More (read on Paragraph to access):

• The Case Against a Phygital Future

• Base Builder Grants

• Listen >> Jacob from Zora

• Raises >> Witness $3.5m Seed

• Consumer Tokenomics

• New Mintfirst UI

👋 Remember to hit that subscribe button to stay informed. Enjoy your read!

An L3 for Frames — Syndicate is launching the Syndicate Frame Chain as an L3. Built with OP Stack on top of Base and Celestia, 0.01 ETH funds many millions of transactions. This is a home for Frames experiments + creativity. Great work!

My Week Off Twitter by Bored — “I'm not quitting Twitter. That was a lie. But the point here is that Farcaster has presented me with a future where I'm far less afraid of that happening. Whether Elon steals my account, or I just move on from Twitter because it makes me sad, my ability to generate a high quality following on a decentralized platform has given me real hope for spreading the Bored identity across the internet in many places beyond the bird app.”

Are points pointless? — “Over the past few months, a new approach to airdrops has driven activity in Web3 primitives. Points are essentially off-chain IOUs that give a user a relative ranking that helps determine how much they would receive in airdropped tokens. Much like ICOs, they may be yet another ‘phase’ in crypto. Alternatively, they may be here to stay.”

Collectibles → Content — Zora believes we are moving from collectibles onchain to content onchain. This defines their product roadmap and the direction of the space moving forward.

YCombinator Request for Startups — Lots of great ideas here. A bit of crypto, a lot of AI, and always big and ambitious. 

ApeCoin DAO to develop “Apechain” on Arbritum — The ApeCoin DAO has voted for developing the ApeChain network on Arbitrum with support from Horizen Labs.

Today’s Frame: Cupid’s Frame by Andrew Jiang

Channel of the Day: /diet-coke hosted by @arjun

More (read on Paragraph to access):

• The Degen Flywheel

• Farcaster Pausing Contracts

• Raises >> Metastreet $25mn round 

• Crypto Money laundering report by chainalysis

• Listen >> Farcaster Frames Devs

• Watch >> Collectibles → Content

Happy Valentine's day (HVD 💓) Remember to hit that subscribe button to stay informed. Enjoy your read!

Farcaster Network — Andrew Hong (@ilemi) just put together the most comprehensive data dashboard on the Farcaster ecosystem. In his own words:

"This is the first time in history that three datasets have come together in the open:

• High quality user transaction data (blockchain data)

• High quality social graph data (profiles, followers, and actions)

• Verified linkage of addresses (user X owns wallets A,B,C)

And on top of that, these datasets have come together in a vertically integrated data stack (Neynar for Farcaster data, and Dune for onchain data) that is open for everyone to use."

A client for $DEGEN — Li Jin asks if anyone is building a client that treats $DEGEN tipping as a content curation mechanism. We want to know as well!

Why luxury? — “Luxury media” is a controversial meme – Jihad explains why “luxury” is the right way to describe the future of media.

Decentralized Social Networks — “Decentralized social media introduces a shift towards open protocols not owned by a single company. This enables users to directly connect with their audience. For developers, it simplifies creating new experiences by using shared data, eliminating the challenge of building a user base from scratch.”

Starknet $STRK is here: farmers are mad! — 1.3 million wallets are earmarked to receive STRK airdrops. The innovative eligibility and distribution of STRK (with 22% going out to stakers) might introduce a new “net positive” standard for airdrops in crypto. Airdrop farmers are obviously mad.

Crypto x AI – The Deepest Dive We’ve Seen — Probably the most comprehensive deep dive on Crypto x AI covering all major intersections (from music to infrastructure). Banger!

Today’s Frame: Send a Mochintine 💓 by nakamochi

Channel of the Day: /replyguys hosted by Reply guys (duh!)

More (read online to access):

• CTG Vs HQ Trivia

• Follow to mint by Zora

• Mintfirst frame is here

• Love on Leverage Recap

• Leaderless Auction by Paradigm

• Raises >> Watches.io $1.9m pre-seed

• The Rise of Web3 Data

• Interview with Frames pioneer @Deployer

• CoW AMM

• Security Alliance

w/ love ❤

gm 👋 If you're new here, welcome to the third edition of "Daily Signal" by Forefront. Remember to hit that subscribe button to stay informed. Enjoy your read!

Love on Leverage S2E1: –Recap — Cooper was the night’s bachelor. 6 women competed for his heart, 4 were voted off through $VIBES dumping. 1 won an IRL date with Cooper. $80k in transaction volume in just the first episode, 4x the total volume from all 10 episodes from Season 1. The Love is certainly Leveraged… we’re excited for night two.

Farcon 2024 Updates — Due to unprecedented demand, Farcon now includes a $100 Community Pass that gets you access to all side events!

Dissecting the Points Meta: Best Practices for User Loyalty — From Li Jin: “Recently, we hosted a fascinating discussion about loyalty and points programs at the Variant office. The conversation covered best practices from the web2 loyalty space and how they could be cross-pollinated to crypto; the distinction between points and tokens; what kind of rewards and redemption experiences users care about; and whether to put points onchain.”

Breaking Down Walled Gardens: Farcaster and Decentralized Social Media — Lemniscap released this in-depth breakdown of Farcaster and decentralized social media more broadly. It’s very long, but very worth the read for folks looking for a comprehensive understanding of the industry and its future.

New Divisible NFT" standard (DN404) — Remember ERC-404? There is a new "standard" now (DN-404). Despite skepticism, it's a bold step in token evolution.

Onchain Boosts — Zora released a new feature that allows anyone to load up a mint with gas to be paid on behalf of collectors. Cooper talks about why – in light of a spike in onchain referral rewards – Boosts are going to change distribution and advertising onchain.

Today’s Frame: Mint a Penny by Coinbase 🪙

Channel of the Day: /donothing hosted by Gaut

More (read on Paragraph to access):

• The Paradox Of Personhood

• Thoughts: on Farcaster growth, innovation, speculation

• Ledger x Coinbase

• Magic Eden x YugaLabs ETH Marketplace

• Opinion >> AI need blockchains

• Introducing Decentralized Key Management with Lit v0

gm 👋 If you're new here, welcome to the second edition of "Daily Signal" by Forefront - your source of concise, insightful crypto social right on your feed through Frames! Remember to hit that subscribe button to stay informed. Enjoy your read!

BASE is running the show! — Farcaster is growing fast – really fast, and Base is becoming the go-to chain for all of its consumer crypto experiments. If the data wasn't clear enough, Base’s narrative as the dominant consumer chain is quickly taking shape: 

• Essay: Base is Eating Everything by musicben

• Data: Where are Farcasters transacting? 79% on base chain, 8% on Zora, and 6% on Ethereum mainnet.

• Cooper: "@base is going to be the hallmark chain for consumer crypto."

• Nick: "No chain has had scalability, a critical mass of quality developers & users & sufficient momentum. @base now has all four."

• Plus… Own the Doge airdrop is happening on Base!

ERC404: Scale and Safety — The latest innovation in NFTs (ERC-404), reminiscent of Unisocks, is taking Ethereum by storm. Millions are being printed, but is it safe? X user “0xquit” points out a potential vulnerability… The future of this experimental standard remains uncertain, highlighting the risky edge of crypto innovation.

Mint with Warps — Frames now support in-frame mints with Warps. Paired with Zora’s new Boost (creator can pay for gas on behalf of collectors), Farcaster is an absolute game changer for onchain media.

Crypto The Game Finale — 21 players have officially secured a spot in tomorrow's finale for a chance at the 41Ξ ($100k) pot. Reminder: If you're one of the 389 players who have been eliminated, you will be able to cast your vote for the winner tomorrow starting at 12p ET.

Today’s Frame — ✨ Zappy Onchain Notification ✨ by Zapper Team

Channel of the Day: /someone-build hosted by Light.eth

More (read on Paragraph to access):

• EtherRocks at Sotheby’s

• Gitcoin Rounds Dates

• Thread >> AI art is not art

• Raises >> Fuzzland $3m round

• Techy >> Privy Mobile SDK is here

• Proposal >> Zora on Uniswap V3

• Nouns x Farcaster Prop

Hope you enjoy, recast, follow or drop a comment!

gm 👋 Welcome to the inaugural issue of "Daily Signal" by Forefront - your source of concise, insightful crypto social right on your feed through Frames! Remember to hit that subscribe button to stay informed. Enjoy your read!

Farcosystem — Cooper’s x Forefront Farcaster Ecosystem Map. If you’re a newcomer, get a better understanding of what’s happening across Farcaster, from media to infrastructure to alternative clients!

New Opportunities in the Farcaster Stack —"Sheryl Sandberg has a quote: “If you’re offered a seat on a rocket ship, don’t ask what seat.” Farcaster is a rocket ship. Starting a company in the ecosystem is, in effect, building your seat. Maybe still ask yourself what seat you’d be excited to build, but the takeaway from this piece should be that there are indeed many seats to build.”

Loyalty Points Are Crypto’s New Bait — Crypto startups are increasingly using airline-style loyalty points to engage users, shifting from the once-popular token airdrops amid regulatory concerns and low user retention. Is this a positive shift? via Bloomberg.

Positive Sum Design with Crypto — “While crypto can resolve traditional coordination problems, the focus should not be on reducing negative aspects but rather on seeking greater positives. It's important for us to design protocols that can continuously produce positive externalities to maintain the positive sum game, and crypto enables it. [...] There are no winners in a coordination game that is a positive sum game.”

The Memecoin Opportunity — “Memecoins are cultural prediction markets. Buying one is a bet that the underlying meme will grow in cultural relevance (attention) and thus attract more people to participate in the market.”

Demystifying how to get started onchain — Zora’s rules and advice for getting started building a brand onchain.

Today’s Frame — ✨ Frame your Mirror ✨ by Mirror team

Channel of the Day: /arcs hosted by Jack (4.1k followers)

More headlines (click read online to access the links)

• On Spatial Computing and Metaverse

• Foundation announces Exhibitions

• Frames: Free to Use

• X >> Crypto x AI x Gaming

Hope you enjoy, recast, follow or drop a comment!