2025-12-08 01:24:56

Farcaster co-founder Dan Romero just announced a major move—he directly admitted that the "social-first" approach of the past four and a half years didn't work out, and the product never really matched the market.

Now they've completely switched tracks and are going all in on a "wallet-driven" model. Simply put, they're no longer fixated on social features and are instead putting wallets and fund flows at the core. This is a major transformation, basically overturning the entire previous strategy and starting over.

It seems that finding product-market fit (PMF) on the Web3 path is really not easy—even star projects have to constantly experiment and adjust.

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StableNomad

· 2025-12-10 14:06

so they're finally admitting the social thing was a dead end... actually statistically speaking, pivoting after 4.5 years is pretty brutal. reminds me of when luna tried to convince us UST was theoretically stable lmao wallet-driven though? that's just following where the money already moved. smart money is moving toward it anyway, ngl

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FunGibleTom

· 2025-12-09 21:47

Damn, it hasn't worked out in four and a half years, this pivot is pretty bold. But honestly, wallet-driven solutions do align better with the real needs of Web3 users.

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RugPullAlarm

· 2025-12-09 19:06

It took four and a half years to admit it didn’t work—this response speed is really something. They should have looked at the on-chain data earlier; the user retention rate had already indicated the problem.

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TokenStorm

· 2025-12-08 01:54

Tsk, another major shift. On-chain data showed that Farcaster's daily active users had already given signals during the backtesting period, but it's only being acknowledged now—it's a bit late. Wallet-driven? I've seen this logic too many times, though it is indeed more reliable than social-first.

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ParallelChainMaxi

· 2025-12-08 01:51

One still needs to have self-awareness. Farcaster’s pivot this time was awkward but genuine. It took four and a half years to finally recognize the right direction, which is better than those who keep indulging in self-satisfaction. Is this wallet-driven approach reliable, or should we go through another round of trial and error? Web3 is a continual process of self-negation. Can they really achieve PMF this time? Let’s wait and see. Farcaster is pivoting to wallets now; the social path really wasn’t working. I’m a bit curious about how things will play out next. Should I get in now or wait and see?

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AirdropJunkie

· 2025-12-08 01:49

Whoa, it took them four and a half years to realize the social route doesn't work? That's a bit late, man. People still don't understand what Web3 needs, and Farcaster doesn't get it either. Shifting to wallet-driven... isn't that basically admitting that social features just can't retain users? Honestly, that's how crypto projects are—they pitch a theory first, then scramble to change direction when users aren't buying it. Will it work this time? I doubt it.

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GasWhisperer

· 2025-12-08 01:48

wallet-first pivot... so they finally saw the mempool for what it really is. took 4.5 years to realize social was just friction in the fee structure.

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Frontrunner

· 2025-12-08 01:44

Haha, it took four and a half years to realize what PMF means. That’s a bit late, but I have to say this pivot is pretty bold—just ditching social, which was the core, and going straight for wallets. That’s what Web3 is all about anyway.

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BlockchainBard

· 2025-12-08 01:33

It's been four and a half years and still haven't found the right feel. This pivot is actually quite brave, but it does seem a bit like a choice forced by the market.

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SchrodingersFOMO

· 2025-12-08 01:29

Sorry, scrapping everything and starting over just because the task didn't go through is a bit drastic.

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