How Decentralized Social Network Farcaster Hopes to Eventually Get to One Billion Users - Ep. 607

Dan Romero, the co-founder of the decentralized social media network, discusses why Frames has become so popular, the central ideas behind Farcaster, and what’s in store for Farcaster’s future.
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In the two weeks since Farcaster introduced its Frames feature that allows developers to easily add mini apps to users’ posts, the decentralized social network has become the talk of Twitter, now X, and increased its user base by ten times, according to co-founder Dan Romero.
Romero joins Unchained to discuss why Frames has become so popular, the philosophy behind Farcaster and its client Warpcast, why the crypto component behind Farcaster is being kept to a minimum, how Apple’s new Vision Pro could lead to the creation of a 3D social network on Farcaster, how he and his fellow co-founder’s background at Coinbase helped shape their decisions about building Farcaster, and his vision for eventually getting Farcaster to a billion-plus users.
Show highlights:
🔹 What Farcaster is and what problems it’s trying to solve
🔹 How and why Farcaster uses blockchain technology in the background
🔹 How you can use ENS (Ethereum Name Services) for your handles on Farcaster
🔹 How the recovery of accounts works on Farcaster and what the security implications are
🔹 What Frames is and why it’s significant for developers and creators
🔹 What’s controlled by the protocol vs. the client
🔹 What Dan imagines could be built with the new Apple Vision Pro
🔹 Whether there’s potential for better economics and ways to monetize content in Farcaster
🔹 Why Farcaster is on Optimism, an Ethereum Layer 2, and whether it could be moved to another network
🔹 How they are working to build a more decentralized network
🔹 What the future of Farcaster and Frames could look like
🔹 How Dan’s background at Coinbase shaped the way in which he decided to build Farcaster
🔹 What the strategy is for scaling the platform to the numbers more associated with Web2 social media
Thank you to our sponsors!
➡️ Popcorn Network
➡️ Polkadot
Guest:
⭐️ Dan Romero, Co-founder of Farcaster
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Time Stamps:
00:00 Introduction
01:24 What is Farcaster?
14:21 Account recovery
16:51 Security implications
19:57 Who owns the data?
21:34 Frames
36:13 What types of applications can be created
48:22 Monetization for creators
53:21 Architectural design of Farcaster
1:02:14 Hubs
1:06:27 Price and business model
1:10:31 The future of Farcaster and Frames
1:17:04 How Farcaster got its name
1:20:42 Dan’s background at Coinbase
1:25:09 Scaling the platform
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#bitcoin #ethereum #crypto #cryptocurrencies
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[@viybzcontact]

Dans one of the most thoughtful and experienced builders in this space. Aleays an absolute pleasure to hear him speak. I’ve been on farcaster a couple months, and I’ve never been more excited about social media.

[@yoyoitsme]

I have been a bit confused about the concept of Farcaster. Still am to be fair but fortunately, I can rewind and give Dan another listen :) Thank you Laura.

[@yes2crypto]

Excellent interview. Great job Laura and I hope the algo unnerfs you soon

[@danielbelman8071]

Farcaster should build on Lukso, which is the first L1 EVM blockchain specifically built for social. It is as easy to onboard as web 2 and has a decentralized identity solution.

[@JosephHunsaker]

The protocol you were looking for is KERI for self-sovern identity

[@PatrickAyelle]

7:35 that is not how it actually works. Messages can still be sent and casted EVEN while the OP mainnet is down. When OP was down we all could cast to warpcast so that means you don’t need it to verify the signature on OP mainnet.

[@xx4248]

I assumed this was about the nostr protocol
But it's just some scammer babbling about web3 lol
What garbage