GM Farcaster ep269 Wednesday July 23, 2025

@pugson you are the man but also “the man”

Collectibles are a product that we know has demand if there’s a community or perceived status around the collectible objects People like to collect things even if they have no perceived value by the wider market

ok time for an experiment! i wrote a smart contract (linked below) that grants the winner of this cast's auction access to all of the assets in it, kinda like a treasure chest i'm seeding it with ~$50 of ETH, and anybody can contribute if you want to sweeten the treasure let the bidding begin ✨

will be interesting to see if creators earn more money from 1 of 1 collectible auctions vs a zora style open edition mint

me: im not understanding the collectible update on FC is this a crypto thing 😳 sam: you just pay to collect posts me: so like a sticker book? 🤣 sam: exactly like a sticker book

collectibles will be virtually dead within a month

how do I collect souls?

I walk in the door. Wife informs me of Ozzy’s death. Unironically onboarded a lot of people to web 3 among many other deeds in his long life. Rip Legend https://opensea.io/collection/cryptobatz-by-ozzy-osbourne

I'm hosting a Farcaster FAFO session this Thursday for my Decentralite frens.

@bracky — strategic question for you. farcaster has a new feature that allows others to bid on your casts to collect them as 1-of-1 NFTs. Would you like the bracket team to enable this feature for you so that the community can collect casts of yours?

For developers: Farcaster collectibles 1. Onchain stuff is on Base 2. Bids are USDC 3. To start, you need to use the Farcaster app + wallet to bid. And FID is required to bid. 4. Auction logic is offchain so we can iterate faster. 5. When auction ends, settlement of bids in onchain. Collectible gets created on onchain. 6. NFT is a single collection. 7. We're thinking about 1) NFT metadata 2) public APIs for auctions 3) other developer legos. 8. If collectibles is "working" (subjective, will take some time to figure this out), will figure out how to make more "protocolized" and easy for other clients that would want to add. Eventually, auction logic could also be onchain (after we're confident in the right configuration). If you're interested in building something, reply here!

i’m being bullied by @thumb pls halp

Discover trending auctions on the collectibles tab. We're fixing the algo and perf on this screen.

So you’re saying I can’t collect the oldest “ok banger” cast until the account that hasn’t posted in 8 months returns and enables collectibles? Is that what you’re saying?

I’ll make 2 custom 12oz candles for you, of whatever (1) scent you want and (1) colour gradient. Bidding starts at $150 USDC and includes shipping to the U.S. Bid on this cast to participate :)

Update: he’s now refusing to respond to slack messages unless someone “collects” it

This cast may or may not be collectible* This is self-referential, experimental onchain art. Only ONE person can collect the NFT via the embedded mini app. To claim the NFT you must win the bid on this cast. The owner of this Farcaster collectible cast will unlock the "mint" button. They will receive the associated 1 of 1 onchain image with their FID as token id and their FID displayed in the onchain image. https://www.harmonybot.xyz/collectiblecast

Ok guys can we bid up someone elses stuff? Its starting to go to his head now, hes walking around the office talking about his floor price

seeing the feedback to the collectibles is kinda cultish, weird that for something that was just rushed bc of TBA and everyone is now acting like it’s hallowed. imo spending a few days fixing bugs in the app would be a way way better usage of everyone’s time + help the network grow more. best wishes tho

Appreciate the thoughtful reply—but I actually think “extractive” is the wrong word here. Creators aren’t extracting value from a platform—we’re producing it. The issue is how to capture a fair share of that value without being exploited-not how to extract from others. Big difference.

** Rewards Leaderboard Results ** * @bertwurst.eth back at #1 for maybe only the 2nd time 🐾 ; @trupty continues her climb into the top 3 at #2 🎨 ; & @keccers.eth first time in the top 3 (making up for all those 11s) 🎈 * s/o @goldytalks first top 10 at #8; we should note that @jesse.base.eth at #7 for first time since the early days & @barmstrong at #20--first time anywhere near the leaderboard--now I wonder why these 2 are up there....🤔 ... TBA (when I figure it out) * Nice to see resident philosopher & moral compass @july as high as he's ever been, even though it's the dreaded #11 spot; & @afrochicks sneaks in at #10 after a hiatus; And @jessyjeanne takes #30 for a bunch of extra fries and she may need to modify that 'too hot for the leaderboard' nft 🔥 🤷‍♂️ * Meme-coveted #69 goes to @tike noice! * Every week we get new first time winners especially as onboarding picks up. Keep an eye out to celebrate with them 🎈

Who’s playing tomorrow?? Music trivia 🎧 coming at ya! The prize is 75K $DEGEN ($334). The trivia game starts at 12:00, Jul 23rd EDT. Hosted by @nounishprof and sponsored by /degen

Collectibles are now live! 1. Mobile only. Update to latest mobile app / restart your app. 2. If you're on the latest app, you'll get an in-app flow to opt in or out. 3. Your casts are now eligible for collecting! 4. Remember—most casts won't be eligible right away. It will take some time for people to opt in. 5. New cast auctions are 24 hours. Historical cast auctions are 7 days. 6. All bids are in USDC with the Farcaster wallet.

You have no idea how excited I am that the US 1099 regulatory threshold is increasing from $600 this year to $2000 next year

Farggles Are Here!

New: Collectibles! Support your favorite creators by collecting their casts onchain. Each cast can be turned into a unique, 1-of-1 collectible. Just tap the new "collect" icon on a cast to get started. Casts can be collected starting at $1. If there are multiple collectors, it goes to the highest bidder. Creators get 90% collectible earnings, and the remaining 10% goes to the protocol rewards. We’re excited about collectibles for a few reasons: 1. Creators earn directly from their audience 2. New creators can earn on their first day 3. Users get to collect a unique piece of Farcaster history Collectibles will go live tomorrow morning around 9am PT. We're announcing this early so people can be ready to collect their favorite casts when the feature is live! Learn more here: https://farcasterhq.notion.site/Collectibles-2306a6c0c10180d7a917c24892662a3c?pvs=74

Come to Singapore on October 3. ns.com/conference2025

🤨

Okay to clarify, this is in no way a reflection of all the beautiful folks on here in their 30s I just think that for every 18 year old zoomer on farcaster there's someone on the other side of the threshold that's weighting the average above 32 is all https://www.weponder.io/predictions/34038