What is Farcaster? SocialFi protocol on Ethereum

The SocialFi puzzle is gaining more and more attention thanks to its advantages as well as the continuous appearance of projects. Farcaster is one such protocol, what makes this project stand out?
What is Farcaster?

Farcaster is a social network application development protocol belonging to the SocialFi puzzle on Ethereum, allowing users to interact on the application with familiar features such as posting, expressing emotions, commenting... similar to social networks. Web2 Assembly.
Farcaster's difference is that it takes advantage of the benefits of blockchain technology to help users fully control the social graph on Web3 in a decentralized, transparent manner and protect their privacy. data.
In addition, the project also provides a toolkit and programming framework to help developers build decentralized applications (dApps) easily and seamlessly without licensing. third party permission.
In addition, the project currently allows users to participate in running public nodes to contribute to the development and construction of the platform.
Some outstanding applications on Farcaster
Launched in 2021, Farcaster has attracted more than 30 different projects built on the platform, to meet the diverse needs of users, including 3 dApps:
Warpcast: A social networking platform for users in the Web3 space with a design interface similar to X (old Twitter), Reddit... developed by the Farcaster team. Currently, Warpcast is the most complete application in the ecosystem, Warpcast also receives support from Vitalik (Founder of Ethereum).
Paragraph: A decentralized news publishing platform, allowing users to produce and distribute content similar to Substack. Unlike Substack, Paragraph integrates AI technology and custom data storage capabilities. In addition, Paragraph also opens up the ability to make money for crypto users, through becoming an NFT member, wallet newsletter...
Unlonely: Is a platform that supports users to broadcast online content (livestream) with features such as betting, bridge tokens, donation... In addition, users can earn additional profits through the platform's tokens, which are distributed distribution based on the creator's performance such as live stream time, number of viewers..
What is Farcaster's token?
At the time of writing, Farcaster has not announced information about the project's tokenomics Coin98 Insights will update as soon as there is an announcement.
Project team and investors Project team
Farcaster was developed by Merkle Manufactory company, some prominent members include:
Dan Romero: Co Founder and held the position of CEO at Coinbase in 2014.
Varun Srinivasan: Co Founder, previously technical director at Coinbase.