A Degen Dance Experiment On Farcaster — Day One

Rethinking Value Exchange Whilst G̶r̶o̶o̶v̶i̶n̶g̶ DegenDancing

Dare To Dance? Papa, degen

On farcaster, a social media platform built on top of decentralised blockchain infrastructure (Optimism, the Ethereum scaling network), there is an emergent tipping apparatus that turns existing norms on their head.

What once started as farcaster’s (unofficial) native memecoin has become its lifeblood. Started in Jan 2024, the ethos underpinning its existence was to reward those who had been active and engaged creating value in the ecosystem by casting (posting), building apps/experiences and sharing meaningful art. Much akin to the original auspices of dogecoin on reddit, except this time on a sufficiently decentralised web3 protocol.