Farcaster has rolled out Farcaster Professional, and is airdropping the brand new PRO token to early subscribers.
Farcaster, a decentralized social media protocol backed by Paradigm and based by former Coinbase execs, launched a Professional model of its flagship app Warpcast, which had lately been rebranded again to Farcaster.
Farcaster Professional, priced at $120 per yr, was quietly rolled out to customers yesterday, Might 28. Those that subscribed early reported receiving a brand new token PRO airdropped to their wallets. “Yesterday I paid $120 for Warpcast Professional. At this time I bought a $600 airdrop,” one early subscriber posted on X. A verification instrument was additionally launched, permitting customers to examine in the event that they had been among the many first 10,000 Professional customers, probably qualifying for added drops.
Inside the first hour of launch, Farcaster Professional reportedly garnered 3,700 subscribers. That’s “100 paid subscriptions per person,” Farvaster famous. Farcaster isn’t only a standalone social media app however a decentralized protocol supporting a number of mini apps.
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Formally launched in 2020, Farcaster is constructed on Ethereum (ETH) Layer 2 community Optimism, utilizing a hybrid mannequin the place person id and key actions are on-chain, whereas social content material is saved on decentralized hubs — making it censorship-resistant however scalable.
Farcaster’s person engagement has seen important progress in current months. In response to Dune Analytics, the platform’s person engagement surged to a peak 7-day common of practically 50,000 every day lively customers in late March this yr, earlier than dipping and now rebounding to simply beneath 40,000 DAU.
