Farcaster is shifting its focus from social networking to on-chain wallets after five years as a blockchain-based social platform, co-founder Dan Romero said in a series of posts, noting the team has been unable to find a “sustainable growth mechanic for the Twitter-like social network.”

In a Farcaster post on Sunday, Dec. 7, Romero wrote that the team “tried social-first” for 4.5 years but “it didn’t work for us,” adding that “wallet has been growing so we’re doubling down on that direction.”

The pivot follows earlier signals that Farcaster was moving away from its original model. In late October, the project acquired Clanker, an AI agent-powered token launchpad on Layer 2 Base, and began integrating it into the app.

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