Farcaster announces strategic shift: from a social-first approach to wallet-driven growth.

Farcaster co-founder Dan Romero announced on his social media that the project focuses on creating a wallet that attracts more users. Their previous four-and-a-half-year attempt at a social-first strategy failed, and with the wallet business consistently growing, they decided to increase investment in this area. This means that new features and product positioning will be centered around the wallet.