Farcaster to shift focus to wallets after social strategy proves ineffective

Dan Romero, founder of the decentralized social media platform Farcaster, announced a strategic pivot away from a social-centric approach to focus on wallets. In a post on his Farcaster account, Romero stated that the social-focused strategy attempted over the past four and a half years has not been effective. He noted that with a steady increase in wallet users, the platform will now concentrate its efforts in that area. Romero added that Farcaster aims to build a more accessible wallet, viewing all new and retained wallet users as new additions to the protocol. Consequently, future features and product positioning will be wallet-centric. He also mentioned that users who disagree with this new direction are free to use other clients or develop new ones.