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Gm. Welcome back to our Weekly Updates. We just hit our 50th edition
This edition's takes:
Farcaster Users Stats 2024
Gift.xyz: Onchain Gift Cards đ
Percs Connects Shopify and Base đ€đŒ
Curated Collects: Meet Grlkrash đđŒ
Beer Taste: Craft Club Community đ»
The 2024 Farcaster Users Stats provides an insightful overview of the platform's growth, user engagement, and financial performance since its launch in 2021.
Here's the TLDR:
Daily Active User (DAU) Surge
Farcaster's DAU count remained stagnant at around 1K-4K during 2022 and 2023.
However, in 2024, the introduction of the Frames feature on Warpcast led to a staggering 400% increase in DAU, jumping from approximately 5K on January to 24.7K by February.
The volume of new daily casts also surged to about 2 million, marking a 200% increase from the previous week.
Impressive Valuation and Funding
Since its launch, Farcaster has raised a total of $180 million across two funding rounds.
In 2022, it secured 30 million, followed by a significant $150 million in May 2024, bringing its valuation to $1 billion.
Revenue Growth
Farcaster reported a cumulative revenue of $194,110 for 2023, which surged to 1.91 million by July 2024.
This remarkable 883.5% increase within six months highlights the platform's strong market traction.
Registered User Growth
Farcaster welcomed 140K new users in 2023, with the total reaching 546K+ 2024. This growth is largely attributed to the successful launch of new features like Frames, which significantly boosted DAU engagement.
Transaction Volume and Activity
Between August 2023 and August 2024, Farcaster recorded its highest 24-hour transaction count on February 5, 2024, with approximately 17.63K transactions and a peak transaction volume of $47.99K on the same day.
Our Take
Farcaster is experiencing a remarkable transformation, characterized by rapid user growth, significant funding, and increasing transaction activity.
As the platform continues to innovate and expand, it's set to redefine the landscape of decentralised social media. Are you excited about the future of Farcaster? We ARE! If you want to read the full report, check it out here
Weâre pumped to talk about the launch of Gift.xyz on Lens Protocolđ This new platform brings celebrations on-chain, letting you mark lifeâs big and small wins in a meaningful way.
With all the daily hustle, itâs easy to forget to celebrate, right? Gift.xyz helps you capture those moments as they happen, creating a digital keepsake that lives on the blockchain.
Using Gift is super simple. Just log in with your wallet, and youâre ready to go! You can upload images or videos, create with AI, or choose from templates to design your Gift. Youâve got options to make it public or just for someone special.
Hereâs what you can add to your Gift:
âą Whatâs the celebration? Name the occasion!
âą Want contributions? Invite others to chip in.
âą Leave a note to make it personal.
Itâs like POAPs, but with more flairâand a bit of utility! Ready to start celebrating? Grab your OG Gift User Pass here: Gift.xyz OG Pass
Our partners at Percs arenât just about the Guess the Movie Game...which actually keeps thriving on Farcaster! But today, let's talk about shopping đ
What's the buzz? đ
ICYMI, Percs is shaking up e-commerce by linking Shopifyâs 2.3 million merchants with Base, supercharging consumer engagement through some seriously cool tokengated experiences.
With new support for collections on Base and Coinbase smart wallets, theyâre bridging the gap between onchain and online shopping like pros.
Why It Matters
This integration lets millions of creators on Shopify whip up engaging consumer experiences in a snap. By tapping into Baseâs power and Shopifyâs massive merchant network, brands can roll out killer marketing campaigns and loyalty programmes, building stronger bonds with their audiences.
In a world drowning in noise, the Shopify and Base collab might be your ticket to meaningful consumer interactions and for additional revenue.
Want to level up your brandâs engagement? Hit up Percs and find out how tokengating can take your marketing game to the next level!
This week, weâre highlighting Grlkrash, known for her fun animated videos. She recently hit over 1 million views in one of her Instagram Reels Check it out here: Instagram Reel.
What is Krash World?
Krash World is a trans-media art experiment by 25-year-old Cincinnati artist Grlkrash. It combines music, games, and animations, inviting creatives from around the globe to join the fun.
Where is Krash World set?
In a colourful, futuristic version of Earth đ
Why was it created?
Set in a colorful, futuristic version of Earth, Krash World aims to reconnect adults with their inner child through nostalgia and vibrant imagery.
Itâs designed for adults of all ages, but the fun and engaging content can be enjoyed by anyone, making it a delightful experience for all!
What a fantastic mix of AI, music, and dance! Go follow Grlkrash on Lens and across all socialsâlinks on her website: Krash World.
S/O to Jonooo for shilling Grlkrash to the Bros đ»
This week, weâre diving into the Craft Club community on Farcaster (FC), where beer lovers unite! This club hosts monthly brewery meetups across NYC, creating a space to chat about everything beer-related, from new drops to homebrewing tastes and tips.
Their next gathering, Craft Club - Meetup #8, is on December 4 at Wild East Brewing Co. in Brooklyn.
The community's heart shines through in moments like when they quickly raised funds for Grimm's taproom cat, Simcoe, covering medical bills in under 10 hours! This is soo, sooo goood! Well done, lads!
Craft Club members also enjoy insights from documentaries like "Untappd: The Drinkumentary" celebrating the app that connects nearly 9 million drinks enthusiasts. One has got always to learn about beer, right?
Go follow Craft Club on FC (@craftclub), join their FC Channel here and check out their website at www.craftclub.xyz to get involved. Cheers to community and great brews!
And that's it for today!
Thanks for reading â„ïž
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