The blockchain/crypto space is growing and changing every day, and education is an important step toward making the best possible decisions. Calloutcoin.com is your home for deep dives into new NFT standards, metaverse technologies, digital identity solutions and the hottest new DeFi trends. Today, we're diving into the Farcaster Pro OG NFT – what it is, how to check if you have one, and whether you should hold or sell.

What is the Farcaster Pro OG NFT?

The Farcaster Pro OG NFTs are a one-time issuance of 10,000 NFTs. Only the first 10,000 users who signed up for the Farcaster Pro plan earned these limited edition NFTs. They were handouts at the roll out of the plan. Consider it a form of “thank you” and prestige badge to early backers of the Farcaster platform. These NFTs are more than digital collectibles, they symbolize your early commitment to the Farcaster ecosystem.

If you were one of the first subscribers to Farcaster Pro, stop and open your wallet right now. You could be lucky enough to have snagged one of these limited edition OG NFTs! It might just be your most valuable asset you never realized was there. This is made even clearer with our collectible NFT, which acts as a digital badge of honor for your early advocacy and support.

How to Check Your Wallet

Verifying ownership of the Farcaster Pro OG NFT is simple. You'll want to look for the following NFT contracts:

To see if you have any of these NFTs, just copy and paste the contract addresses into your wallet's search bar. You can view these through an NFT viewer as well. If you find one, congratulations! You're part of an exclusive group.

Claiming $PROCOIN

Owning one of these NFTs comes with an added perk: eligibility to claim the $PROCOIN token. Right now, this token would be worth approximately $120. Visit our FAQ page for full details, and be sure to verify your eligibility and claim your tokens if you haven’t already. It’s basically free cash for just being an early adopter.

Current Market Value

As of this writing, the current floor price of the Farcaster Pro OG NFT is around 0.09 ETH. Now that’s the same thing as $250 exactly! This implies that if you sold your NFT, you might retake only about $250. The civic token has appreciated significantly since its original distribution, meaning it is a potentially lucrative asset.

Hold or Sell? Arguments for Both Sides

Your decision to horde or dump your Farcaster Pro OG NFT depends on what works best for you. Think through your assumptions about the future of Farcaster as you make this choice. Here's a breakdown of the arguments for both sides:

Why Hold?

  • Potential for future airdrops: Farcaster has a history of rewarding early adopters with airdrops. Holding onto your OG NFT may make you eligible for future rewards, similar to the $PROCOIN airdrop.
  • Eligibility for similar rewards: By holding, you increase your chances of receiving other benefits.
  • Early access to new initiatives: Farcaster OG holders have been used to kickstart new initiatives via airdrops or allowlist spots for various projects, such as pfps, coins, and more.
  • Increased value over time: The floor price of the OG NFT has already increased, and early subscribers have gained approximately $370 in total benefits, over 3x their initial subscription investment.
  • Supporting the Farcaster ecosystem: By holding onto the OG NFT, you are supporting the Farcaster ecosystem and its continued growth and development.

Why Sell?

  • Immediate Profit: Selling now allows you to realize an immediate profit of around $250.
  • Alternative Investments: You could use the proceeds to invest in other assets with potentially higher returns.
  • Uncertainty: There's no guarantee that the value of the NFT will continue to increase, or that future airdrops will be as valuable.

Ultimately, the decision is yours. Always take into account your risk tolerance, financial goals, and your belief in the long-term success of Farcaster.

The Future of Farcaster

Farcaster is continuously evolving, with several exciting developments on the horizon:

  • Integration with Coinbase Wallet: Farcaster is working on a native integration with Coinbase Wallet, allowing users to post and transact directly from within the wallet.
  • Pro subscription tier: Farcaster is planning to launch a new "Pro" subscription tier for power users, which may offer advanced features and benefits.
  • Support for more blockchain networks: Farcaster has already added support for Arbitrum, Solana, and Ethereum, and may integrate with more blockchain networks in the future, such as Monad testnet.
  • In-wallet social feed and discovery flow: Farcaster is developing an in-wallet social feed and discovery flow for Farcaster Mini Apps.
  • Creator Rewards program: Farcaster's Creator Rewards program, which distributes $25k USDC weekly to top posters, may continue to evolve and grow.

Farcaster appears to be exceptionally well placed to continue growing and directly innovating upon their excellent long-term vision. This commitment has the potential to increase the value of the OG NFT drastically over time.

Should You Subscribe to Farcaster Pro Now?

Even if you missed the early adopter boat, subscribing to Farcaster Pro today is a great long-term bet. While you won’t be getting the OG NFT, you will be unlocking all of the platform’s enhanced features. This increases their chances of reaping future rewards and seizing upcoming opportunities! Additionally, purchasing a ticket helps to support the growth and development of the Farcaster ecosystem.

Keeping up with these trends is our specialty here at Calloutcoin.com. So stay tuned, as we have much more coming in the way of deep-dive analysis and explanation into this exciting new world of blockchain and crypto.