Author: Kaori, Luccy, Jack, Blockbeats
Recently, the decentralized social protocol Farcaster's largest front-end, Warpcast, has become the new darling of social media.
Starting from January 26th, Farcaster's daily active users (DAU) surged, and according to Dune data, Farcaster's daily active user (DAU) activity reached a historical high on February 4th.
The previously airdropped meme coin POINTS "rose from the dead," and the new leader DEGEN saw its price increase by over 5000 times after its launch. In addition, a number of meme coins issued on Base, such as FRAME and FAR, have made it to the hot list. The OG NFT floor price was also swept up to 2.5 ETH in just two weeks.
Farcaster is not a new thing in the crypto world. In 2022, it completed a $30 million financing round led by a16z, with notable participants including Coinbase Ventures, Multicoin Capital, and 1confirmation. The lively wealth effect and luxurious financing background have attracted increasing attention to Farcaster and its various clients led by Warpcast. BlockBeats has compiled a tutorial for readers on registering and using the Farcaster protocol for reference.
Registration Process
Taking iPhone as an example, you can directly search for Warpcast in the App Store to download it. It is important to note that downloading Warpcast with a Chinese account requires five US dollars, approximately 35 RMB.
After installing the app, you can skip the phone number and choose to register with an email. Once the mobile app registration is successful, you can open the web version at https://warpcast.com/ for binding operations. Use the phone's photo album to scan the login QR code, and click the yellow link to confirm the login.
After successfully logging in to the web version, users can bind their Ethereum wallet. Click on "Settings" in the top left corner of the homepage, connect the address, and click "connect."
Becoming an active user is important, as active participation and interaction in some channels are the only conditions for receiving airdrops. As mentioned earlier, the first round of airdrop distribution rules for DEGEN is based on the user's level of activity in the DEGEN channel. The requirements for the second round of DEGEN airdrops can be found at the following link: https://www.degen.tips/.
To obtain the Warpcast OG badge, the following conditions must be met:
- Complete personal profile
- Bind an Ethereum address
- Have at least 400 followers
- Account creation is at least 7 days old
- Have had at least one interaction in the past 30 days, including replies, likes, and shares
- Regularly publish content
After entering the Warpcast web version, there are navigation bars on the left and top. "Direct Casts" on the left is the group chat function, and the top section includes the homepage, algorithm feed stream, Frames integration, and all channel collections.
How to Purchase Warps
Warps are an important revenue stream for Warpcast. They can be earned by running nodes, being active on Warpcast weekly, or purchased directly within the app, with each Warp worth approximately 0.01 USD.
On January 31st, during Vitalik's birthday, a Warpcast user once tipped 10000 Warps to Vitalik's account, worth 100 USD. If a user wants to create a channel within Warpcast, they also need to pay 2500 Warps.
By clicking on the "Warps" option on the left side of the homepage, you can see the purchase cards.
Clicking on "purchase" will redirect to the COMMERCE interface, where you can make payments using the supported methods provided by Coinbase Commerce, a merchant payment solution by Coinbase.
How to Interact within Frames
The new Frames feature introduced by Farcaster greatly enhances its playability. Based on Frames, developers can embed their own dApp applications into the Farcaster client, allowing users to have various interactive experiences based on posts. Similar to social media embedding, Frames display content in the form of static or animated images, but they can also facilitate interactive elements through buttons, enabling dynamic user responses. Currently, the main use cases range from games to quizzes, and even include minting NFTs, voting, and more.
Related reading: "Understanding the Popular Innovation Frames on the Farcaster Protocol in One Article"
On February 1st, the Farcaster Frames Global Hackathon, jointly hosted by Tako Protocol, was officially launched, igniting a new wave of social dApp innovation in DeSoc. The Farcaster Frames Global Hackathon is a special project of DeSoc Hackathon S1. Winners of the hackathon will have the opportunity to showcase their projects to developers worldwide at the ETH Denver event on March 2nd.
Today, there are many free mint NFT projects, as well as some that require payment. Using a free mint NFT project as an example, users can click on the mint requirements provided by the frame, such as needing to follow, like, and share, and then click "Mint" after completing the tasks.
Upon entering this interface, clicking "CAST to mint" means minting by posting. It is worth mentioning that users do not need to pay gas fees when minting NFTs, as the gas fees are covered by the developers deploying Frames.
After obtaining a link, click enter or delete the space after the link, then click "cast" to send, and then you can mint free NFT on your own homepage.
Users can refresh the Warpcast channel to find NFT projects that can be minted, or obtain minting projects through social media channels such as communities and Twitter. BlockBeats reminds readers to be cautious when clicking on links that require you to connect your wallet to prevent asset loss.
Farcaster Related Assets
In the past two days, meme coins and NFTs related to Farcaster have experienced significant price increases. With more and more projects entering, there will be more new developments in the future. The following are currently existing Farcaster-related assets that have gained some exposure:
Meme Coin Series
Degen: The leading meme coin of Farcaster;
Points: The earliest airdropped meme coin to users;
Frame: Token with the same name as the Frame function;
Cast: Token with the same name as the posting function.
NFT Series
Farcaster OG NFT, floor price: 2.5 ETH;
Farcats, the mascot of Farcaster; floor price: 0.7 ETH;
Castaways, Farcaster LOGO NFT series; floor price: 0.25 ETH
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