Farcaster is admitting what everyone felt for a while.

The decentralized social network never found real PMF. Despite 4.5 years of trying and a few successful adoption spikes.

X networks effects too hard to break free from.

Instead, Farcaster will focus on being a wallet first, social network second.

>user signs up

>funds wallet

>uses the wallet

>finds it useful

>while using wallet user finds social features

"It’s far easier to add a wallet to a social network than a social network to a wallet." - DWR

“come for the tool, stay for the network”

It seems the same strategy Base app is built on.

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