If I were in Farcaster's place, I'd do a $FAR token presale, dump it on the public and abandon the token to death.
I don't understand why they claim to be honest.
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Farcaster will close the shop
Summary of the statement;
- We've been working on it for 5 years but, aside from a few adaptation sparks, we failed to build a real user base.
- No PMF (no market demand for the product)
gg.
Farcana Rebrands to FAR Labs, Expanding $FAR Token Utility 🪙
Farcana officially rebrands to @FarLabsAI, expanding into an AI-driven ecosystem that connects gaming, DePIN & DeSci through the $FAR token, bringing new utility that goes beyond the flagship PvP title
Read more 🧵
👉Farcana, the flagship hero shooter developed by Dizzaract Games, remains at the heart of this growing ecosystem, as the Abu Dhabi-based studio continues to build the game with a focus on player-owned economies and AI-driven systems.
👉The dedicated game roadmap released last month confirms that the game’s development is moving forward at full speed.
🌐What changes with FAR Labs is the scope, brand, and roadmap. While the new name represents a broader vision, the core of the project does seem to still remains intact
🛠️The same team that built through the bear market continues to lead development
https://t.co/FEJNCuFUzg
@MacroCRG It’s either a double top M or a descending wedge coming out of a range.
RSI bottom HTF and cash coming in.
Still a buy for me.
0.80 is support.
#fartcoin https://t.co/4rpy8LdQlV
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