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Farcaster has two main arms: a backend protocol for powering decentralized social networks, plus a frontend app for making posts, using mini apps, swapping tokens, and etc.

That said, last week Farcaster co-founder Dan Romero said the project's "social-first" approach hadn't reached product-market fit and that the team would be doubling down on the Farcaster app's native wallet, which has surged in popularity in recent months.

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