Farcaster announces a strategic transformation, shifting its focus from social scenarios to wallet-driven growth.

Odaily Planet Daily News: Farcaster co-founder Dan Romero announced that the platform will undergo a major strategic shift, abandoning the “social-first” approach to product-market fit it has pursued for over four years, and shifting to a wallet-centric growth model. The team stated that the recently fast-growing in-app wallet feature is currently the module closest to achieving product-market fit, and they will adopt a “use the tool (wallet) first, then build the network (protocol)” approach to drive users to convert on the wallet side and become active protocol users. Romero emphasized that the Farcaster protocol will remain open and decentralized, but the official app will focus on expanding capabilities at the intersection of wallets and social features in the future. In addition, Farcaster previously acquired the token issuance platform Clanker to strengthen its related product offerings.