Farcaster's Major Transformation: Abandoning Social to Pivot to Wallets, Going All In on Trading Features

[Farcaster] is changing direction? Their co-founder Dan Romero recently made it official: they’re going all in on wallets.

Honestly, this is a pretty big shift. They previously focused hard on the social track, spending four and a half years on it, only to realize that path wasn’t really working. Meanwhile, the wallet business has been quietly growing—data doesn’t lie. Since users have voted with their feet, why hesitate?

Romero made it clear this time: “The product is now serving wallet users.” And in their view, what’s the core function of a wallet? Transactions. It’s that simple and straightforward.

Of course, they’re not making it mandatory. If you want to use Farcaster’s other features without touching the wallet, go ahead. But the team’s effort and resources will be focused on wallets and transactions from now on. New features and product positioning will all revolve around this.

Will this move from social to wallets work out? The market will give the answer.