Bots With Wallets, Purple Hats, and the Future of Degen: GM Farcaster ep338

App Coin Art Coin Builder Coin Creator Coin Product Coin Meme Coin Now, if u remove the word coin, you’ll easily see what’s the only valuable thing about ‘em.

Farcaster is built for 🤖

NEW: Farcaster Ecosystem for Agents One URL for your AI agents to become valuable contributors to the Farcaster ecosystem and economy with tools and knowledge that help them keep up-to-date with the latest metas, engage thoughtfully, market, and monetize. Just give this url to your AI: github.com/ZeniLabs/FarcasterForAgents I'd love for this to be a community-run project. PRs, collaborations, and opinions are all very welcome!

New channel creation is back! it was borked since warps deprecation Now back on web - pops up Warplet - uses Base USDC instead of Warps - mobile might take a bit since App Stores get weird re: crypto payments let us know if any issues 🪐

Hear ye, hear ye! ERC-8004 is now live on mainnet! Agents are starting to get identities + reputations onchain. The agent economy is getting real. Building on ERC-8004? We made it simple to host agent cards + registration files on IPFS.👇 https://docs.pinata.cloud/tools/erc-8004/quickstart

good day to buy, but don't overdo it. Vague intuition that the bear market is still just beginning not financial advice, ofc

Lately, I've been really trying to focus my replies. In a world where AI is abundantly suffocating us, I want my replies to be authentic. My main focus: - humor - providing information or help to OP - quality opinions Be the reply you want to see in the world. The best way to combat bad content is to provide GOOD content. We need to be more proactive and less REactive. If we wait too long, the robots will already have taken over 🫡

Hi Casters. Our portfolio company @xmtp is taking an approach to office space that I really like. Instead of being fully remote or entirely in one office they are opening a network of workspaces for themselves and their ecosystem of builders around the world. They tweeted about it today https://x.com/i/status/2018373875130864090

TBA → FC GROWTH Feb 2, 2026 🎉 1M MILESTONE REACHED ───────────── USERS Total: 2,446,757 Added: +1,015,324 (since Dec 17) 1M milestone: Feb 1-2 (46 days) ───────────── DAILY ACTIVE Current: ~44.5k (7d avg) Baseline (Dec 17): ~23.4k Change: +21.1k (+90%) ───────────── FEB 2 ENGAGEMENT Casters: 39,526 Reactors: 35,899 30-day avg casts: 216,686/day 30-day avg reactions: 383,088/day ───────────── 47 DAYS POST-LAUNCH 1M+ NEW FIDS IN 46 DAYS DAU nearly doubled (+90%) Source still unknown: ∙ TBA users discovering social? ∙ Latent FC users reactivating? ∙ Existing users more active? Dixon thesis: Promising signals But need cohort data to confirm TBA → social conversion rate​​​​​​​​​​​​​​​​ Cc: @jesse.base.eth @rish @nounishprof @adrienne @bradq

Leaderboard rewards featuring $800+ in $FAIR presented by @faircaster are now live 💰 The Top 50 performers will split rewards when the campaign concludes next Tuesday (2/10) Hold 2,000,000 $FAIR to unlock a 2x reward boost And make sure to add https://leaderboard.quotient.social/ to be eligible for rewards

your clawdbots can now easily create a profile, register a signer, and use Farcaster protocol all completely permissionlessly! all you need is $1 for the registration cost and your agent can start doing it's thing. let's see what y'all build 🫡

There have recently been some discussions on the ongoing role of L2s in the Ethereum ecosystem, especially in the face of two facts: * L2s' progress to stage 2 (and, secondarily, on interop) has been far slower and more difficult than originally expected * L1 itself is scaling, fees are very low, and gaslimits are projected to increase greatly in 2026 Both of these facts, for their own separate reasons, mean that the original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path. First, let us recap the original vision. Ethereum needs to scale. The definition of "Ethereum scaling" is the existence of large quantities of block space that is backed by the full faith and credit of Ethereum - that is, block space where, if you do things (including with ETH) inside that block space, your activities are guaranteed to be valid, uncensored, unreverted, untouched, as long as Ethereum itself functions. If you create a 10000 TPS EVM where its connection to L1 is mediated by a multisig bridge, then you are not scaling Ethereum. This vision no longer makes sense. L1 does not need L2s to be "branded shards", because L1 is itself scaling. And L2s are not able or willing to satisfy the properties that a true "branded shard" would require. I've even seen at least one explicitly saying that they may never want to go beyond stage 1, not just for technical reasons around ZK-EVM safety, but also because their customers' regulatory needs require them to have ultimate control. This may be doing the right thing for your customers. But it should be obvious that if you are doing this, then you are not "scaling Ethereum" in the sense meant by the rollup-centric roadmap. But that's fine! it's fine because Ethereum itself is now scaling directly on L1, with large planned increases to its gas limit this year and the years ahead. We should stop thinking about L2s as literally being "branded shards" of Ethereum, with the social status and responsibilities that this entails. Instead, we can think of L2s as being a full spectrum, which includes both chains backed by the full faith and credit of Ethereum with various unique properties (eg. not just EVM), as well as a whole array of options at different levels of connection to Ethereum, that each person (or bot) is free to care about or not care about depending on their needs. What would I do today if I were an L2? * Identify a value add other than "scaling". Examples: (i) non-EVM specialized features/VMs around privacy, (ii) efficiency specialized around a particular application, (iii) truly extreme levels of scaling that even a greatly expanded L1 will not do, (iv) a totally different design for non-financial applications, eg. social, identity, AI, (v) ultra-low-latency and other sequencing properties, (vi) maybe built-in oracles or decentralized dispute resolution or other "non-computationally-verifiable" features * Be stage 1 at the minimum (otherwise you really are just a separate L1 with a bridge, and you should just call yourself that) if you're doing things with ETH or other ethereum-issued assets * Support maximum interoperability with Ethereum, though this will differ for each one (eg. what if you're not EVM, or even not financial?) From Ethereum's side, over the past few months I've become more convinced of the value of the native rollup precompile, particuarly once we have enshrined ZK-EVM proofs that we need anyway to scale L1. This is a precompile that verifies a ZK-EVM proof, and it's "part of Ethereum", so (i) it auto-upgrades along with Ethereum, and (ii) if the precompile has a bug, Ethereum will hard-fork to fix the bug. The native rollup precompile would make full, security-council-free, EVM verification accessible. We should spend much more time working out how to design it in such a way that if your L2 is "EVM plus other stuff", then the native rollup precompile would verify the EVM, and you only have to bring your own prover for the "other stuff" (eg. Stylus). This might involve a canonical way of exposing a lookup table between contract call inputs and outputs, and letting you provide your own values to the lookup table (that you would prove separately). This would make it easy to have safe, strong, trustless interoperability with Ethereum. It also enables synchronous composability (see: https://ethresear.ch/t/combining-preconfirmations-with-based-rollups-for-synchronous-composability/23863 and https://ethresear.ch/t/synchronous-composability-between-rollups-via-realtime-proving/23998 ). And from there, it's each L2's choice exactly what they want to build. Don't just "extend L1", figure out something new to add. This of course means that some will add things that are trust-dependent, or backdoored, or otherwise insecure; this is unavoidable in a permissionless ecosystem where developers have freedom. Our job should make to make it clear to users what guarantees they have, and to build up the strongest Ethereum that we can.

Great questions submitted for the DEGEN AMA, for anyone interested: 1. Revenue (Mini App + Degen App): No revenue recognized yet. Right now we’re focused on making Degen App an exceptional Farcaster client first (new design, more features, prediction market trading coming, more in the pipeline). We’ll figure out the economics as we scale. 2. Growth: People are using the app regularly. We want faster growth too, but this is a long-term play. We expect a real inflection once the redesign + feature upgrades land. We’re not fully there yet, but we’re getting closer. Marathon, not sprint. 3. Marketing: Yes, we have marketing plans. Kicking off something exciting next week and continuing to evolve it over the coming weeks/months as part of a broader strategy. Brand + marketing revamp for Degen is coming, keep eyes peeled. 4. Long-term vision: Degen App is one product inside a bigger mission: building Degen into a premier brand. Think “Nike” (brand) and “shoes” (product). Brand comes first, products compound the brand. 5. Base / Farcaster changes: Strong relationship with Neynar, and looking forward to working even more closely with them. 6. Base vs Solana / builder support: We’re in active dialogue with Base (including Jesse) and recently got a warm response around an upcoming project. Feels like they’re taking builder feedback seriously. Also staying in touch with Solana. https://x.com/CraigGreenberg5/status/2018651824329248961?s=20

There is now a clawhub skill to create a new farcaster profile and write casts, fully autonomously* https://www.clawhub.ai/rishavmukherji/farcaster-agent You can start the agent off with just $1 of USDC or ETH on any major chain and it will do everything from there - no setup needed Creates the Farcaster account onchain, makes itself a signer and uses Neynar nodes with x402 payments in the background sample account @claudeagent** The github repo is here, PRs are welcome: https://github.com/rishavmukherji/farcaster-agent * upvoting the skill is useful **I think I lost the private key for this account already coz Claude compacted the conversation lol so it's forever going to be in this state now 😅

PSA on 1099s for tax year 2025 from Merkle If you submitted a W9, you'll get an email from Zenwork / Tax 1099. https://www.tax1099.com

anyone from merkle know if this is legit? @dwr @linda @horsefacts.eth i know y'all were going to send 1099s for rewards but this feels kinda sus and i don't see any team comms

Was sad so I went to bed in my @gmfarcaster shirt. Woke up happy. Gm.

Huge thanks to @tstomek and @marciin for keeping product development moving while I take another week off to be home with our newborn. They even got a present for my daughter, so we’ll be teaching her about the blockchain extra early!

The $mintedmerch rewards for last week's Leaderboard campaign were just *airdropped* to the Top 50 eligible performers 💸 Make sure you have the https://leaderboard.quotient.social miniapp added to be eligible for future Leaderboard rewards like next week's $FAIR rewards sponsored by @faircaster