What is token allowance?

Before any Web3 app can use your tokens, you need to grant it your permission to spend them — this is commonly known as ‘token allowance’ and ‘token approval’.

These terms come from standard functions of any ERC-20 token smart contract. approveThe function lets you set the spending allowance for some dapp (like Zerion’s swap tab) for a specific token (like USDC). The allowance function returns how much some dapp can spend of that token on your behalf.

In practice, you can just sign the transactions with your wallet. Understanding what happens under the hood is still useful — this can protect you from extra risks.

How does token allowance work?

Let’s look at an example of a simple interaction with a dapp: swapping tokens with Zerion.

After you connect your wallet to Zerion’s swap tab, let’s say you try to do a few swaps. You’ll need to do several transactions:

1. Token approval — you approve Zerion’s smart contract to spend the token

2. Token swap — you initiate the actual swap

3. Second, and subsequent swaps — you don’t need to give new permission for the same token because you already gave it in step 1

A token approval transaction in Zerion Wallet

In Zerion Wallet's multichain transaction history, token approvals will show up as 'others' type of transaction. By clicking through, you can also see the gas fee you paid for the approval.

Token approval in transaction history in Zerion Wallet

During high congestion on the mainnet Ethereum, gas costs of these extra transactions can add up quickly.

You also usually first see the (lower) gas cost of the first approval transaction. Only after granting the approval with your wallet, you get to see the total price of the swap. On the Ethereum network, the gas costs of the swap could be higher than what you wanted to swap… at least, that’s what happened during the bull run.

So to save on gas costs, most dapps request an unlimited allowance — but you can also customize your token allowance.

How to set a custom token allowance with Zerion

Most dapps, by default, request unlimited access to a token. This helps to save on gas on additional approvals for subsequent transactions. However...

Unlimited token approvals are dangerous: if the smart contract is hacked or the dapp goes rogue, the infinite allowance allows it to use all your holdings of the approved token.

A scam website can also trick you into granting an unlimited allowance — after that, the scammer will steal all of that token.

Finally, on Layer-2 networks, it usually doesn’t make sense to penny-pinch approval transactions. Gas is cheap anyway.

That’s why, in Zerion Wallet, you can customize your token allowance for any approval transaction.

Set custom token approval in Zerion Wallet

Just set the token allowance to only the amount of tokens you want to spend in that specific transaction. Or you can set the allowance to what you feel is safe for that smart contract: higher for something battle-tested decentralized application like Aave and lower for any degen dapp.

Of course, you can also revoke any token approvals at any time.

How to check and revoke your token approval

There are several tools for checking your token approvals.

The easiest way to check and revoke token approvals is with Revoke.cash.

After connecting your wallet, you get a list of token allowances for various smart contracts across dozens ynhhnhof blockchains. You can then update or remove any token allowances.

Revoke your token allowances with Revoke.cash

Keep in mind that revoking each token approval costs some gas because it’s an onchain transaction. Unfortunately, there is currently no easy wryryyay to revoke all token approvals in one transaction.

That’s why it’s better always to customize token approvals and set a reasonable limit that doesn’t expose you to unlimited risk and still lets you save on gas.

Token permits: approval and spending in one transaction

As you’ve seen, approvals can be expensive, especially if you swap small amounts.

That’s why devs came up with a way to do both the approval and swap in one transaction.

Some token smart contracts have a newer function: permit.

The permit function lets you set the allowance and spend tokens in one transaction.

This saves gas on the first swap for that pair. You also get to see the total gas cost of the swap right away.

The only problem is that not all tokens and not all dapps support this function.

The best-known DEX that uses this feature is 1inch. They also have an up-to-date list of tokens with permits — it currently includes USDC, DAI, UNI tokens, and other popular tokens.

Conclusion

In this post, we explored what token approval and token allowance are, examined why you should set a custom allowance, and how to do this with Zerion Wallet. We then explained how to check and revoke your token approvals. Finally, we explored the newer function of token permits that can help to save on gas by combining approval and swap in one transaction.

Unlimited token approvals expose you to an unnecessary risk. It’s a good practice to set a custom token allowance, which you can easily do with Zerion Wallet.

Web3 is supposed to bring us great accessibility to the new internet. Self-custodial and permissionless! But look what we have at the bottom line:

32% of dapps don’t work at all if you don’t use Metamask 😖

43% of dapps have hardcoded login options (can’t detect other wallets if the user has them)

14 % have 10 or more login options 🤯, while two of them have 20 login options (Galxe & Lido) on their front page

13% of dapps work as expected (detect and recognize user’s injected wallet)

The Rise of Self Custody Self-custody might represent the next phase in the digital age. The crypto landscape is teeming with competitors:

Crypto giants like Binance & Coinbase have rolled out their self-custody wallets.

Financial powerhouses such as Robinhood have entered the arena with their own wallets.

New entrants like Zerion, Rainbow, and Rabby challenge the status quo.

Mobile-first dapps like Tribe have introduced inbuilt self-custody wallets.

And let's not forget the pioneer that remains dominant 🦊.

This growth indicates two things:

An acceleration towards web3 adoption,

A looming user experience (UX) challenge.

The Problems With Web3 Logins DApps that present numerous login choices, many irrelevant to a user's needs, are symptomatic of a larger problem.

Back in 2017, there were just a few wallet providers, so a hardcoded login was good enough. In 2023, we have a wide range of wallets and dapps that all need to be accessible. Any wallet should be able to connect to any dapp.

23% dapps have overwhelming choices: The sheer volume of wallet options creates decision paralysis for users and dapps, leading to a disjointed UX. E.g., Galxe, 1inch, Lido.

Too many wallet choices Too many wallet choices MetaMask's Dominance: 32% of dapps heavily rely on MetaMask, inadvertently creating 'walled gardens' and hampering their own UX.

Too few wallet choices Too few wallet choices In 45% of cases, wallets must masquerade as MetaMask to connect to the dapp.

Pretenting to be MetaMask Pretenting to be MetaMask Biased Connection Libraries: Existing libraries are skewed towards MetaMask, impeding the seamless integration of alternative wallets.

For instance, while Rainbow Kit detects an injected entity, it fails to identify the exact wallet. Similarly, Dynamic Kit & WalletConnect kits can identify Zerion or Raby extensions but still prioritize MetaMask or Coinbase, even when they aren’t installed.

43% – Hardcoded

27% – Rainbowhgf 4rr 4tt ggrddgdg

11% – Web3 Modal (WalletConnect)

10% – Blocknative

8% – Family

1% – Privy

The anonymous browser wallet The anonymous browser wallet Web3: Expectation vs Reality The Expectation: Web3 logins are the next-gen, decentralized alternatives to conventional logins like Google or Facebook.

The Reality: You're facing the issue of not being able to log in when you attempt to experience the web3.

Imagine those newbies, who will try “the new” web for the first time.

With the Status Quo, Everyone Loses DApps that don't cater to this wallet diversity risk a fragmented user base.

Users must have a bunch of different wallets to “permissionlessly” browse the new internet.

The industry suffers slower growth because we put blockers, which newbies can’t pass trough.

A Better Way: Show Users What They Use A consortium of developers from WalletConnect, wallets like Zerion, Brave, and Rainbow, libraries such as Wagmi, Web3onboard, and others are collaborating on EIP6963.

Their mission? To streamline the login experience by creating a standard that identifies and displays only the wallets that the user has.

You see only the wallets that have You see only the wallets that have Conclusion: Let Any Wallet 🔌 to Any dApp Self-custody is a mindset, and login is your entrance to the new web.

Every wallet should be able to connect to any dapp. Until then, we are not much better than other, permissioned entities.

A consortium of wallet providers, dApp developers, UX/UI experts, and indie developers should collaborate to create and widely accept login standards supporting a thriving and inclusive web3 ecosystem.

The benefits are obvious For wallets: A level playing field that promotes healthy competition.

For users: A consistent and user-friendly login experience across platforms.

For dapps: Easier integration with multiple wallets, expanding potential user demographics.

Wanna contribute? In the tweet below, tag your favorite dapp or a wallet you believe should join forces to remove The Great Wall.

We've seen the recent hype around friend.tech, a mobile app that aims to gamify social interactions by allowing users to buy and sell "keys" (initially called shares) of individuals they are familiar with or follow on Twitter.

It remains to be seen whether the Friendtech hype will endure. For now, the app has experienced spikes of success in the days following its launch, with subsequent lows and highs depending on the new features introduced.

Friendtech volume, ups and downs Friendtech volume, ups and downs But Web3 social is much more than just Friendtech.

The infrastructure that has been built over the past few years is slowly maturing. The apps built on top of this Web3 infrastructure promise to revolutionize many aspects of online interaction through the integration of on-chain data.

We’ll discuss five Web3 social applications that you can try and use today. From livestreaming NFTs to collective purchasing to curating a digital identity, let's see what Web3 can bring to the table.

1. Unlonely Described as “your cozy space on the internet,” Unlonely is a live-streaming app that's especially active within the Farcaster community. If you're unfamiliar with Farcaster, it's a social media protocol which is now open to everybody.

Streaming plus NFTs Streaming plus NFTs Unlonely offers the fundamentals of a live streaming platform, similar to the ones you might have used before, but integrated with several Web3 features:

Non-Fungible Clips (NFCs): Users can generate NFCs from streams, capturing their favorite moments. NFCs are, in fact, NFTs collected in users wallets. If you go to the Unlonely website, you can explore NFCs previously minted by other users.

Creator Tokens: Unlonely creators can create their own tokens on the platform. Fans and viewers can then acquire the token and spend it on the text that displays on the stream, tipping or making the streamer take some funny actions.

Streamer Leaderboard: Token stats, like price and number of holders, are also used in a leaderboard to rank streamers on the platform, introducing an interesting competition and gamification layer.

Stream Schedule: You can quickly catch up on what’s happening on Unlonely by checking the stream schedule available on the website.

Betting on stream outcomes: Lastly, the team has been working on letting fans bet on stream outcomes live during streams. This feature has to be enabled by creators.

1. Use any Ethereum address to chat with friends on Converse Converse is a wallet-to-wallet messaging app built on top of XMTP, a messaging protocol that we briefly covered in our recent post about Orb app.

You might be asking yourself, "What's different between Converse and a traditional messaging app?" The gist of it is that Converse leverages your on-chain data to personalize your messaging experience.

Wallet-based messaging: Converse lets you send messages to any Ethereum address, provided it has been activated on the XMTP protocol. You can search for any address or ENS name and send them a message right away.

Recommendations: This is where things get interesting. You can browse from a list of suggested friends sorted based on the NFTs that you hold in your wallet. Let’s imagine you’ve attended a digital or offiline event and collected POAPs there. Participants in the event will automatically be surfaced in the list of potential people to connect with.

Converse helps to find your people based on NFTs Converse helps to find your people based on NFTs Enriched profiles: When you open a conversation, the NFTs you have in common with a person will be displayed. This provides context to the conversation. Coupled with Zerion’s new phishing protection features, this provides another potential way to deflect scammers and ensure you're chatting with the right person.

Cross-app messaging: Converse users can access their messages across apps, provided these apps utilize the XMTP protocol. This is becoming more common as projects like Interface and Orb are either integrating XMTP or directly integrating Converse as their preferred messaging service.

Broadcasts: as a creator, you can broadcast messages to your NFT holders or to any allow list through a dedicated Broadcast tool designed by the Converse team. This tool is beneficial for creators or brands aiming to manage their relationship with an on-chain audience and maintain a private channel to update them with important news.

1. Buying valuable things with peers on Lore.xyz Lore offers tooling to people who want to pool resources together in order to purchase NFTs. Anyone can join the platform, create a collective, and invite their friends.

Some examples of existing collectives include the Dead Birds Society, a collective of Moonbird collectors aiming to raise media awareness about biodiversity loss. The Dead Birds Society grew from 30 members to 96 members over its history. Or 824, an nft squad of 24 friends who focus on investing in NFTs and growing their vault’s value as much as possible.

Lore provides a comprehensive suite of features that facilitate the purchasing, holding, and selling of assets as a group:

Fundraising: Members can contribute ETH to the collective vault and receive a proportional equity share. Funding rounds can be executed multiple times as new members join.

Membership management: Assigning roles to members and compensating them. For instance, some members might be required signers on transactions while others might not.

Equity management: This includes the valuation of the vault and distributions to members.

Transactions: This encompasses buying, listing, bidding, and minting NFTs on behalf of the collective.

Typically, collectives will establish a vault and set governance rules, then invite the initial members. After this, they'll raise funds and execute transactions, for instance, to purchase NFTs, expand their vault, and distribute returns. Successful collectives might even attract new members and secure additional rounds of funding.

1. Mint and collect writing NFTs on Mirror.xyz You might already have collected the Zerion Subscriber OG NFT we released in March on Mirror. Mirror is one of the first Web3 publishing platforms used by many projects and tech-savvy individuals. It's also one of our favorite communication tools here at Zerion, and we are big believers in Onchain Brands.

Zerion Subscriber OGs

Zerion So, how does it differ from other blogging or newsletter platforms like Medium or Substack? Simply put, Mirror focuses on integrating on-chain media assets with your writer or reader experience.

Writing NFTs: As a writer, you can turn your posts into Writing NFTs that can be minted by readers. These can be limited or open editions. You can also price these NFTs to generate revenue from your writing and monetize your creations.

Web3 integrations: Mirror offers integrations with major NFT platforms, allowing you to embed any NFT seamlessly as part of your article, similar to embedding a GIF or YouTube video on traditional platforms. Readers can even collect NFTs minted directly from your article’s page.

Profiles: As a reader, you can collect NFTs and support your favorite creators or brands by doing so. The NFTs you collect will appear on your profile under the collections tab. This also creates an open graph, which can eventually be used for recommendations, similar to how the Converse app does with other NFTs.

1. Seam.social Seam is a social media app that lets you create a personal profile using modular blocks and curate your digital identity by integrating information from both your web2 and web3 social profiles. For instance, Seam allows you to add blocks for Spotify songs, as well as on-chain media assets like artworks, music NFTs, or even traditional websites.

The retro web vibes The retro web vibes Today, Seam is experimenting with a few features:

Themes: Within the app, various retro visual themes are available for selection based on your personal taste and the vibe you prefer.

Social Feed: Seam also features its own internal social feed and graph. You can begin following your friends' pages and engage with their posts through likes and replies.

Quests: The app has a series of quests that you can complete during onboarding. Actions like selecting a profile theme, making friends, and utilizing various website features will earn you XP. The specific purpose of XP is not clearly stated.

Conclusion In this post, we explored five different Web3 social apps. While they offer some of the familiar social features, they aren’t simply trying to build decentralized versions of Twitter or Facebook. Instead, they experiment with entirely new features that are enabled by NFTs and other Web3 technologies.

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Since then, we’ve been steadily improving our extension thanks to the invaluable feedback from around 30,000 users from Zerion’s existing NFT holders and members of specific communities across web3 who tested the extension first.

Today we’re excited to announce that it’s finally ready, and Zerion’s extension is now available for everyone!

This is not ‘just another’ extension

With this release, our wallet is now publicly available as a browser extension for Chrome, Arc, and Brave.

You may be thinking, “Why launch another extension?”

Since 2016, we've been at the forefront of the Ethereum ecosystem, gathering wisdom, insights, and expertise. Now, we're funneling all that knowledge into this wallet, meticulously designed and engineered to change your whole experience on the new internet.

It isn’t just another extension. It's your gateway to your onchain history, DeFi positions, NFT collections, and the most popular Layer-2s.

Today, Zerion is the easiest and safest way to explore every layer of this new internet.

Easiest multichain experience

OGs in this space will remember that Zerion started out as a DeFi aggregator.

Early on, we recognized that just like the explosion in ERC-20 tokens, the growth of DeFi would lead to thousands of protocols. We set out to track them all.

We see something similar happening with dapps and other non-DeFi use cases today. And most of this expansion is not happening on Ethereum but on Layer-2s. Mirror is on Optimism. Lens is on Polygon. Friend.tech is on Base.

Adding new networks, switching between them, and understanding your complete onchain footprint is clunky and slow with most legacy wallets.

The Zerion extension makes all of this easier and clearer than ever.

All of these onchain interactions also generate so much data that it can be difficult to know exactly what you’ve done onchain. Zerion shines in bringing all of this information together in a human-readable format.

Understanding your onchain footprint

You can’t be an owner unless you know what you own and where you’ve been.

Zerion’s extension makes it easy to see all your onchain stuff, including tokens, DeFi positions, NFTs, and transaction history — across all supported EVM networks.

While blockchain data is open to all, making sense of it isn’t as simple as it should be. This is one reason why the majority of wallets don't even try to display staked tokens, NFTs, or other complicated assets.

But understanding your onchain footprint is crucial for anyone in this space.

Track and manage your positions right in the extension.

With Zerion, you’ll see all your assets and transaction history across 14 chains on our mobile apps, browser extension, and web app — consistently and in the same familiar format. The goal is to give you everything you need to stay in control and make informed choices.

The safest wallet for self-custodial humans

Getting the right information can also help you stay safe in Web3.

The default degen way is to ape, sign, and see what happens. This approach was profitable during the early days when crypto was a smaller space.

Now sophisticated scammers pray on these habits. Not just newcomers but OGs lose money by acting on FOMO and blindly signing messages.

Zerion Wallet leverages data to give you actionable information to fight these scams:

1. Filter out onchain spam so you don’t even see most scams in your wallet

2. Warn you if you try to connect your wallet to a malicious dapp

3. Show you the transaction’s result before you sign so you can dodge wallet drainers

Most importantly, you still have the full freedom to explore. Don’t just hodl: safely browse, access, and own the new internet.

You Look Rare Pt. 2

When we released the Zerion wallet on mobile in May 2022, we also launched Zerion DNA, a free-to-mint generative NFT that changes and evolves the more you use the wallet.

This community has since grown larger than we even thought, with over 195k unique holders. This makes Zerion DNA the second-largest NFT collection on Ethereum!

#90844

https://mirror.xyz/0x96eBC0797Ded0248A71EeCA231505182179Ee6FD

With the extension launch, we also wanted to bring something new to DNA.

You will be able to mint a new NFT or upgrade your existing DNA with a special edition background available only inside the Zerion extension.

Choose between five distinct background colors. Each background represents one of Zerion's core values: Seek Alpha, Don’t Be a Maxi, Self-Custodial Humans, Be Invested, and It’s All Onchain.

Add a background to your Zerion DNA

So go ahead. Install Zerion’s Extension. Pick the value and color that resonates with you most and show off your new DNA!

What’s Next

Now is the time to step into the future and switch to Zerion.

Seamlessly import your existing address with a private key or bring your entire wallet using a seed phrase. You can even bring together all your wallets, as Zerion is one of the few extensions to support multiple seed phrases.

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Subscribe to the show’s new Mirror publication to get future episodes:

Still Here: New Zerion x UFO Podcast

Mint

https://stillhere.mirror.xyz/

17 Minted

Episode 00

In the episode, Alex spoke with Nick Hollins, the host of the UFO podcast, discussing the motivation behind the new show.

Still Here 00

https://ufo.mirror.xyz/

Alex told the story of how during the EthCC, ‘Still Here’ became a clarion call for those who are still building in this space.

“In no other tech industry is there a genuine emotional reason behind why people came to it. And the reasons I or anyone else got into crypto are different.”

Beyond purely financial reasons (“numba go up”, “Hodl”), there’s something else that drives those who are still in the space. Getting the throughline that unites different people is the goal of this podcast.

By telling the stories of how people joined this space and what they do, the show also aims to inspire others to enter the arena. Crypto is contagious and is also welcoming. Anybody can be somebody in crypto.

And a new journey can often start with something as small as minting.

“The act of minting is the beginning of a relationship. You don’t know where it leads. But it can take you places.” sollHGjjer

Learn more about what’s coming up

In today’s post, we'll cover everything you need to know about Farcaster, a decentralized social network that has been gaining a lot of attention lately, especially among Ethereum builders. We'll also be covering Warpcast, a Twitter-like client that is by far the largest application built on top of Farcaster at this point in time.

What’s Farcaster?

Unlike web2 social media companies, a decentralized social media protocol is powered by a network of independent nodes that collectively administer network activity. The protocol itself is open source and permissionless for third-party developers to build with. Similarly, user data isn't owned and kept secret by a single private company like X. Instead, user data is available in an open social graph that developers can leverage when building applications instead of creating a userbase from scratch.

Farcaster is an ecosystem of applications

Farcaster Landscape

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10 Days •

755 Minted

Farcaster has a growing ecosystem of applications of varying sizes. Some of them are being built by solo developers. An increasing number of these applications are now quite advanced and have raised significant funding.

Let’s go over some of the most interesting applications being built right now:

• Icebreaker: A Farcaster-based, privacy-preserving professional network.

• Seemore: A place for creators to set up their creator page and profile, showcasing all the things they are up to and enhancing their relationship with their fans. Page creation is assisted and automated.

• Paragraph: A web3-native publishing platform with features that help writers build a community around their newsletter using both web2 and web3 tools.

• Bountycaster: Enables Farcaster users to create bounties for tasks. Any other Farcaster user can pick it up and be paid once the completed work is accepted by the original bounty poster. Bountycaster works with any Farcaster client.

• Unlonely: A crypto-native livestreaming platform with fun, gamified features including live betting, launching your own channel arcade token, and more.

• Supercast: An alternative client to Warpcast, the current biggest client on Farcaster, with a slightly modified experience and enhanced UX features.

• Launchcaster: Farcaster's equivalent to ProductHunt. Here, you can find projects recently launched by the Farcaster community and beyond, including the Zerion browser extension launch!

• Mod: A protocol for Mini-apps that are open, interoperable, and permissionless. Adding Mod to their apps enables developers to allow app users to post images, gifs, and videos, for example.

Warpcast, the largest Farcaster application

Warpcast’s origins

The team behind Warpcast is the same team that has been designing and building Farcaster. It is led by Dan Romero and Varun Srinivasan, two early Coinbase employees.

The Warpcast app is the first-ever Farcaster client, and it is tightly integrated with the Farcaster protocol and data. All Warpcast accounts have a Farcaster ID and store the content they produce in Farcaster hubs.

Twitter-like features

At first glance, warpcast looks like X (ex Twitter). People send casts (the equivalent to tweets) and share information about pretty much anything they like. The UI feels similar to X, you can follow and be followed by people that you discover on the network.

NFT feeds

Now, here is the twist. Because Warpcast is Web3 native, it can do multiple things that X cannot. For example, you can embed NFTs for others to mint in your feed. See how to mint on Warpcast using Zerion below.

Warps: Warpcasts’ version of points

The Warpcast team released Warp points two months ago as an in-app currency that can give users access to perks and privileges. Warps are not on-chain tokens and are administered centrally by the Warpcast team.

Users earn Warps through the Warps rewards program for being among the most active users on the app and for sharing casts that receive certain thresholds of engagement. Warps are also given as a reward to builders who run Farcaster nodes (called Hubs) and help run the decentralized network. Finally, Warps can be bought directly with crypto.

There are a few things users can do using points today, such as paying for mint fees on Warpcast with a couple of hundred Warps, gifting Warps to other users, and creating Farcaster channels using ten thousand Warps.

Warpcast Channels

You can think of Channels as X meets Subreddits, blending the typical feed experience but filtering posts according to different topics. Anyone who meets a minimum thresholds of activity on Farcaster can create a channel around the topic of their choice provided they can pay ten thousand Warps.

Some of the most popular channels today include the Warpcast channel itself, where the community discusses Warpcast-related topics. Other popular channels are the Degen, Zora and Nouns channels. Users on Warpcast can choose which channels they want their casts to be posted to. Some channels receive more engagement than others as shown on the dashboard below.

Top Farcaster channels. Source: https://dune.com/pixelhack/farcaster

You can find the Zerion channel by typing /Zerion in the search bar and stay on top of our latest Warpcast activity.

Zerion's Farcaster channel

Web3 native community of founders and builders

The early Warpcast community comprises a group of builders and entrepreneurs from the Ethereum community, making it an exciting place for builders and founders. The /founders channel is particularly active. You can find the Zerion team there, looking up Zerion.eth, @al3xander and @evg.

How to get your first Farcaster handle?

Using Farcaster clients to sign up

In order to use the Farcaster network, you have to pay a yearly fee that allows you to store a certain amount of data on the Farcaster network.

There are several clients you can use to sign up on Farcaster, obtain an account, and interact with the apps built on top of this ecosystem. Some of them are available on farcaster.xyz/apps, although this is a non-exhaustive list.

Registering through Warpcast

If you register through the Warpcast mobile app, the fee is approx. $12/year, depending on your local taxes, of which $7 goes to the network, $3.60 to the Apple App Store, and $1.40 to the Warpcast team.

The registration process is straightforward and you’ll need to provide an email address.

Back up your recovery phrase

As you create your Farcaster account, make sure that you write down your account seed phrase and back it up somewhere. The seed phrase is generated specifically for your Farcaster account and is different from your wallet. Without this, you will not be able to retrieve your Farcaster account in case you lose access to it.

Sync mobile and desktop

You can log onto your desktop on Warpcast.com by scanning a QR code with your Warpcast mobile app open.

The future of Warpcast and Farcaster

Farcaster has been growing quickly in late 2023. A number of apps being built in the Farcaster community have raised significant funding, and the action around Farcaster meme coins has prompted many to take the leap and create a Farcaster account.

The number of Farcaster's daily active users is rising

Growing the ecosystem

The Farcaster ecosystem currently boasts 2000 unique casters, a significant number in crypto, considering the small size of the ecosystem and the quality of conversations and alpha happening on Farcaster. It includes AMAs with top tech profiles like Balaji, Vitalik, Brian Armstrong, or Elad Gil. However, this is still very tiny when compared to traditional social media and their hundreds of millions of daily active users.

The current main objective of the Farcaster team is to increase the number of daily active users and find their path towards sustainable growth. It will be interesting to see what strategies the Farcaster team adopts in the coming cycle and in the competition against other decentralized social media protocols.

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