Investing in Farcaster

Variant, a crypto investor, explains its investment in Farcaster's Series A, which it made alongside Paradigm, USV, and Haun, arguing that the network's core team, developer ecosystem, and user base reflect the best of crypto. The article describes Farcaster as a decentralized social protocol with identity tied to crypto wallets, native payments, and distributed data hubs. It says about 400k users have onboarded, mostly through Warpcast, the first client built on the protocol, which Merkle operates. It also cites frames, interactive mini-apps, as a notable use case, and names Botto as a project using them for significant auction volume.