Web3 Galaxy Brain 🌌🧠 Purple, the Farcaster DAO
Today, I’m joined by Chris Carella, Osama, Bill Zh, Phil Mohun, Kmac, and Alex Paden to discuss Purple, a DAO dedicated to proliferating the Farcaster protocol and its ecosystem.
Farcaster is a progressively decentralizing open-source social network protocol. Its account system is built on top of Ethereum. User identities are managed on L1, while Farcaster’s increasingly decentralized network of nodes, called Farcaster Hubs, manage message storage and sharing. For more information about Farcaster itself, listen to my interview with Farcaster co-founder DWR linked in the show notes.
On this episode, the Purple gang and I discuss how Purple was born from the enthusiast community of open source builders that Farcaster has attracted. Compared to other ecosystem funds, Purple is entirely community run and funded, rather than originating with the Farcaster founding team themselves. We discuss this, as well as the Nounish DAO model Purple is using, what’s on the horizon for open source funding, and a variety of projects that have emerged from the Farcaster ecosystem.
It was a pleasure speaking with some of the members of Purple and learning about this unique experiment in crowdfunded ecosystem development. I hope you enjoy the show.
As always, this show is provided for entertainment and education purposes only and does not constitute financial advice or any form of endorsement or suggestion. Crypto is risky and you alone are responsible for doing your research and making your own decisions.
Links
- Farcaster general info
- Purple
- Purple’s Warpy proposal
- Purple’s Prop House
- Purple’s Farcaster founder allocation
- Fardrop
- Discove