GM from the Farcaster Trenches!

Hey, it’s Kyle Patrick here, bringing you the latest updates and insights straight from the frontlines of the Farcaster ecosystem. Let’s dive into what’s shaping the week ahead and celebrate the incredible work happening across our community!

Today's Updates:

Stories from the Trenches

1. Warpcast Rewards Update: Compliance

This week, Warpcast is making a few changes to the Warpcast Rewards program to ensure compliance with regulations. Here’s what you need to know:

1. 600 Threshold for US Users: If you earn over $600 in Warpcast Rewards and live in the US, you’ll need to fill out a 1099 form to continue collecting rewards.

2. Location Verification: If Warpcast doesn't know your country of residence, they won’t be able to send you rewards.

Who is Affected?

• A small group of users nearing the $600 threshold will be contacted with instructions.

• Users who signed up outside Warpcast or frequently travel will need to verify their location to keep receiving rewards.

Why the Changes?
As the rewards pool grows, Warpcast must comply with additional regulations as a US-based company.

What If I Don’t Provide This Data?
You can still use Warpcast, but you won’t qualify for the weekly rewards program.

2. Warpcast Wallet Expands to More Users!

The Warpcast Wallet is now available to an additional 1,000 users who earned rewards in recent months. This brings the total number of users with access to approximately 2,500.

Warpcast is aiming for full wallet availability later this week, so stay tuned for more updates.

3. $DEGEN is Rewarding Warpcast Reward Recipients!

DEGEN is now rewarding the top Warpcast reward recipients, with rewards sent directly to your Warpcast Wallet.

How It Works:

• 1M $DEGEN will be distributed weekly among all Warpcast rewards recipients.

• The first rewards have already been sent out.

DEGEN's Mission: To reward quality content and foster growth within the DEGEN ecosystem.

4. Join the Neynar Team!

Neynar is hiring for several key roles:

• Senior Frontend Engineer: Build and own Farcaster Content Widgets.

• Staff Backend Engineer

• Staff Data Engineer

If you’re passionate about shaping the future of decentralized social media, check out the openings and apply at neynar.com/careers.

Disclaimer: This article is for entertainment and informational purposes only and should not be considered financial advice. Investing in cryptocurrencies and NFTs carries risks, including the potential loss of your entire investment.