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DeFi News

Decentralized Social Media Farcaster To Migrate On OP Mainnet

Dan Romero, the co-founder of the decentralized social media protocol confirmed the migration plan on X (Twitter).

Written By Pawan Surya
Published 2023-08-23
Make The Crypto Times preferred on GoogleGoogle
Decentralized Social Media Farcaster To Migrate On OP Mainnet

In a recent turn of events, the decentralized social media protocol Farcaster has made the strategic decision to transition its project onto the OP Mainnet Layer 2 network. This move aims to pave the way for universal user access by introducing “permissionless sign-ups” to the platform.

The Farcaster stack…now on the OP Stack pic.twitter.com/6zyp4oq6gk

— Dan Romero (@dwr) August 22, 2023

Dan Romero, one of the co-founders of Farcaster, officially announced the migration plan for this decentralized social media protocol through X’s (Twitter) post shared on August 22nd.

According to the details shared on X, Farcaster’s migration plan involves moving the entire project, along with its application and linked smart contract, from Ethereum to the OP Mainnet (Optimism), a highly utilized Layer 2 network. 

Dan Romero also underscored the significance of an imminent milestone. He explained once the Farcaster makes the transaction to OP Mainnet and activates permissionless sign-ups, “there are zero corporate APIs required to use the network.”

Important upcoming milestone: after Farcaster migrates to OP Mainnet and we enable permissionless sign ups, there are zero corporate APIs required to use the network.

No caveats, coming soon, eventuallys, etc.

100% permissionless https://t.co/l1PKLsACcN

— Dan Romero (@dwr) August 22, 2023

Boasting a user base exceeding 10,000, Farcaster emerges as a notable player in the realm of decentralized social media. It presently operates on the Ethereum platform, although a significant chunk of social media data finds storage off-chain within designated Farcaster Hubs. 

Also Read: Shibarium Team to Reopen Mainnet After Faulty Launch Last Week

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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