The last dream of SocialFi has also come to an end. Farcaster has decided to shift towards a wallet strategy, abandoning the social-first strategy it attempted for 4-5 years.
In the last cycle, the beautiful narrative of SocialFi, GameFi, NFTFi, and everything that could be Fi has completely collapsed in this cycle. Now Crypto has returned to a focus on "trading" and "issuance." It feels like a retro journey back to the ICO era of 2017.
