Summary
Blockchain-based social media app Farcaster experienced a surge in activity after the launch of its “Frames” feature. The feature allows developers to embed interactive experiences in posts, enabling users to mint NFTs, build games, and more. Since its release, 313 apps have launched 526 Frames. Farcaster has been capitalizing on the SocialFi trend and currently has over 73,000 total users. The platform resembles Twitter and uses crypto for in-app payments and tipping.
Key Points
1. The launch of the “Frames” feature on Farcaster resulted in a spike in activity, with daily active users surpassing 10,000 and total users exceeding 73,000.
2. The Frames feature allows developers to embed interactive experiences in posts, enabling users to mint NFTs, build casinos and games, and insert instant checkout links without switching platforms.
3. Farcaster is taking advantage of the SocialFi trend in the crypto ecosystem and aims to be a “sufficiently decentralized” protocol that enables user connectivity and communication, even in the presence of third-party obstacles.