Farcaster Announces Strategic Transformation: Shifting from Social-First to Wallet-Driven Growth

Farcaster co-founder Dan Romero announced that the platform will undergo a strategic adjustment, abandoning the "social-first" approach followed for over four years and shifting to a wallet-centric growth model. The team stated that the in-app wallet functionality is currently the module closest to product-market fit and will adopt the approach of "using tools first, then building the network." Romero emphasized that the Farcaster protocol will remain open and decentralized, while the official app will focus on expanding capabilities in the intersection of wallets and social features. Additionally, Farcaster had previously acquired the token issuance platform Clanker.