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Farcaster

Farcaster is a decentralized social network that empowers developers to create innovative social networks. It is an open protocol that can support multiple clients, similar to email. Users will always have the freedom to move their social identity between applications, and developers will always have the freedom to build applications with new features on the network.

What is Farcaster?

Farcaster is a decentralized social media protocol built on blockchain technology, emphasizing user autonomy and privacy. It allows users to create profiles, post messages (known as 'casts'), and follow others, offering a user experience similar to traditional social platforms like Twitter and Reddit. Users own their accounts and relationships, enabling seamless transitions between different applications.

How Does Farcaster Work?

Farcaster operates as a public social network where users can create profiles, share messages, and build communities. Its decentralized structure ensures individuals maintain control over their accounts and connections, allowing them to move freely between various applications built on the protocol.

What Makes Farcaster Unique?

Farcaster stands out due to its decentralized nature, granting users full ownership of their data and relationships. This approach enhances privacy and interoperability, distinguishing it from centralized social media platforms. Additionally, the introduction of 'Frames' in January 2024 allows for interactive mini-applications within the platform, further enriching user engagement.

Who Are the Founders of Farcaster?

Farcaster was founded by Dan Romero and Varun Srinivasan, both former executives at Coinbase. Their extensive experience in the cryptocurrency industry has been instrumental in shaping Farcaster's development and vision.

Latest News

What Key Events Have There Been for Farcaster?

In July 2022, Farcaster raised $30 million in a seed funding round. This was followed by a private funding round in May 2024, where the project secured an additional $150 million. These investments have been pivotal in advancing the platform's development and expanding its user base.

Project Announcements

In January 2024, Farcaster introduced 'Frames,' a feature that enables interactive mini-applications within the platform. This innovation led to a significant increase in daily active users, demonstrating the platform's growing popularity and user engagement.

Upcoming Events

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Projects Announcements

Where to Buy Farcaster?

Farcaster tokens can be traded on various cryptocurrency exchanges, including Uniswap V3 (Base) and Uniswap V2. These platforms offer trading pairs such as FARCASTER/WETH, providing liquidity and accessibility for users interested in acquiring the token.

Farcaster Price

Daily Trading Volume

As of the latest data, the daily trading volume for Farcaster tokens on Uniswap V3 (Base) is approximately $0.04368, indicating limited trading activity.

All-Time High

Specific data regarding the all-time high price of Farcaster tokens is currently unavailable.

All-Time Low

Specific data regarding the all-time low price of Farcaster tokens is currently unavailable.

Market Cap and Valuation

Market Cap

The market capitalization of Farcaster tokens is approximately $3.34K, reflecting the current valuation based on circulating supply and market price.

Fully Diluted Valuation

The fully diluted valuation (FDV) of Farcaster tokens is estimated at $3,339.04, considering the total supply of tokens.

Farcaster Price Prediction

Currently, there are no available forecasts from reliable experts or publications regarding the future price of Farcaster tokens. Investors are advised to conduct thorough research and consider market trends before making investment decisions.

How to buy Farcaster?

To purchase Farcaster tokens, follow these simple steps using the Bitget Wallet: Download the Bitget Wallet: If you haven't already, download the Bitget Wallet app from the official website or your app store. Create an Account: Open the app and create a new account by following the on-screen instructions. Ensure you secure your account with a strong password. Fund Your Wallet: Deposit funds into your Bitget Wallet by transferring cryptocurrencies or purchasing crypto using fiat currency through supported payment methods. Navigate to the Market: In the Bitget Wallet, go to the market section and search for Farcaster to view available trading pairs. Place Your Order: Select the desired trading pair (e.g., Farcaster/USDT), enter the amount you wish to buy, and confirm your order. Once the transaction is completed, Farcaster tokens will be added to your wallet.

FAQ

What is the Purpose of Farcaster?

How Can I Participate in Farcaster's Ecosystem?

What Sets Farcaster Apart from Competitors?

Is Farcaster Secure?

What are the Risks Associated with Farcaster?

Community Sentiment

25.07K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.