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I wonder if Coinbase would acquire Farcaster, what are they buying? Only the Farcaster app? Or could they acquire power over the protocol level too? Since I guess there’s no decentralised governance over the protocol as far as I know. Probably if CB acquires FC they will just kill FC app in time in favor of their own app and maybe integrate Clanker and some stuff they like. Or could they acquire power over the protocol level too? But Jesse just said the other day that Base isn't interested in social anymore. So why would Base buy a social protocol? maybe integrate Clanker and some stuff they like. Yes, and at the same time that somehow feels really unnecessary, no? Clanker doesn't feel sticky to me unless you have a compelling product people go back to and clank every day. Maybe it is my pessimism at the moment but I feel like that's gonna be a very down-round-feel like acquisition if anything. Something that frees up the time of people working at Merkle to do other stuff. Or, if I have to be extremely optimistic, it'd be something like Robinhood buying Farcaster and Dan actually going for crypto trading on there. Which would be nuts. | |
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