{"id":91925,"date":"2025-12-08T10:07:18","date_gmt":"2025-12-08T07:07:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=91925"},"modified":"2025-12-08T15:57:46","modified_gmt":"2025-12-08T12:57:46","slug":"farcaster-shifts-focus-to-wallet-development","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/farcaster-shifts-focus-to-wallet-development\/","title":{"rendered":"Farcaster Shifts Focus to Wallet Development"},"content":{"rendered":"

DeSoc<\/a> project Farcaster will concentrate on expanding its wallet service. Co-founder Dan Romero explained<\/a> the decision as a result of the unsuccessful social media-focused strategy.\u00a0<\/p>\n

According to him, the approach emphasizing the social component did not meet expectations over the past four and a half years.<\/p>\n

\n

\u201cWe are doubling down on the wallet because it is showing growth. New features and product positioning will be centered around it,\u201d wrote Romero.<\/em><\/p>\n<\/blockquote>\n

He acknowledged that the team failed to find a sustainable growth model for their X counterpart. However, the previously launched integrated wallet is showing strong performance. According to the developers, over five years, this product has come closest to meeting the real needs of the audience.<\/p>\n

Farcaster plans to integrate social options into the wallet based on the existing infrastructure. The expectation is that asset holders will eventually become participants in the protocol.<\/p>\n

The community received the announcement with mixed reactions. Supporters called it a pragmatic path to scalability, while critics fear a shift in the project’s culture, turning it into a tool solely for traders.<\/p>\n

\"Screenshot
Source: farcaster.xyz<\/a>.<\/figcaption><\/figure>\n

The protocol operates on L2<\/a> networks of Ethereum, including Base<\/a>. In the fourth quarter, Farcaster’s revenue amounted to $1.84 million, an 85% decrease compared to the same period last year.<\/p>\n

\"Screenshot
Source: DefiLlama<\/a>.<\/figcaption><\/figure>\n

Back in October 2024, Farcaster’s revenue declined<\/a> by 96% from its February peak.<\/p>\n","protected":false},"excerpt":{"rendered":"

Farcaster will focus on expanding its wallet service. Co-founder Dan Romero explained the decision as a result of the unsuccessful social media-focused strategy.<\/p>\n","protected":false},"author":1,"featured_media":91926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Farcaster shifts focus to wallet development after social strategy falters.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[130,465,57],"class_list":["post-91925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-decentralization","tag-social-media","tag-wallets"],"aioseo_notices":[],"amp_enabled":true,"views":"251","promo_type":"1","layout_type":"1","short_excerpt":"Farcaster shifts focus to wallet development after social strategy falters.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=91925"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91925\/revisions"}],"predecessor-version":[{"id":91927,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/91925\/revisions\/91927"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/91926"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=91925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=91925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=91925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}