Farcaster, m&#7897;t giao th&#7913;c m&#7841;ng x&atilde; h&#7897;i t&#7915;ng &#273;&#432;&#7907;c k&#7923; v&#7885;ng l&#7899;n, &#273;&atilde; &#273;&#7893;i ch&#7911; khi Neynar, m&#7897;t startup &#273;&#432;&#7907;c h&#7853;u thu&#7851;n b&#7903;i c&aacute;c qu&#7929; &#273;&#7847;u t&#432; l&#7899;n, gi&#7901; &#273;&acirc;y &#273;i&#7873;u h&agrave;nh d&#7921; &aacute;n.
Trong khi &#273;&oacute;, nh&#7919;ng ng&#432;&#7901;i s&aacute;ng l&#7853;p l&agrave; Dan Romero v&agrave; Varun Srinivasan r&uacute;t lui m&#7897;t c&aacute;ch l&#7863;ng l&#7869; nh&#432; &ldquo;b&oacute;ng ma tr&ecirc;n blockchain&rdquo;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-the-future-of-farcaster-infrastructure-community-or-rebirth">T&#432;&#417;ng lai c&#7911;a Farcaster: H&#7841; t&#7847;ng, c&#7897;ng &#273;&#7891;ng hay t&aacute;i sinh?</h2>

Th&#7887;a thu&#7853;n chuy&#7875;n giao n&agrave;y &#273;&#432;&#7907;c c&ocirc;ng b&#7889; v&agrave;o ng&agrave;y 21/01/2026 v&#7899;i m&#7913;c &#273;&#7883;nh gi&aacute; &#273;&#432;&#7907;c cho l&agrave; g&#7847;n 1 t&#7927; USD, nh&#432;ng chi ti&#7871;t v&#7851;n c&ograve;n l&agrave; &#273;i&#7873;u b&iacute; m&#7853;t. Trong khi &#273;&oacute;, s&#7889; l&#432;&#7907;ng ng&#432;&#7901;i d&ugrave;ng ho&#7841;t &#273;&#7897;ng h&agrave;ng ng&agrave;y (DAU) &#273;&atilde; gi&#7843;m 40% v&agrave; doanh thu c&#361;ng &#273;&atilde; lao d&#7889;c 85%.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/QYT1hJLMHhZtmRinYPnD9PHuu2Y=/smart/e0e830482d1e437dbb9cb9ffe6d01bdf" alt="Farcaster DAU" class="wp-image-794820">Farcaster DAU. Ngu&#7891;n: <a href="https://dune.com/charlie89_team_418/socialfi" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a>

Tuy v&#7853;y, gi&#7919;a nh&#7919;ng l&#7901;i &#273;&#7891;n &#273;o&aacute;n v&#7873; s&#7921; th&#7845;t b&#7841;i, m&#7897;t c&acirc;u h&#7887;i quan tr&#7885;ng h&#417;n v&#7851;n c&ograve;n &#273;&oacute;: &#272;&acirc;y l&agrave; d&#7845;u ch&#7845;m h&#7871;t cho tham v&#7885;ng m&#7841;ng x&atilde; h&#7897;i Web3 hay l&agrave; m&#7897;t c&uacute; t&aacute;i sinh &acirc;m th&#7847;m?
C&acirc;u chuy&#7879;n c&#7911;a Farcaster b&#7855;t &#273;&#7847;u v&agrave;o n&#259;m 2021, th&#7901;i &#273;i&#7875;m Romero v&#7915;a nh&#7853;n &#273;&#432;&#7907;c kho&#7843;n l&#7907;i nhu&#7853;n l&#7899;n t&#7915; <a href="https://vn.beincrypto.com/coinbase-ipo-investors-profit-us-crypto-news/" target="_blank" rel="noreferrer noopener">IPO c&#7911;a Coinbase</a> v&agrave; &#7845;p &#7911; &yacute; t&#432;&#7903;ng v&#7873; m&#7897;t m&#7841;ng x&atilde; h&#7897;i kh&ocirc;ng ph&#7909; thu&#7897;c v&agrave;o r&#7911;i ro t&#7915; n&#7873;n t&#7843;ng t&#7853;p trung.
Ng&#432;&#7901;i d&ugrave;ng s&#7869; s&#7903; h&#7919;u danh t&iacute;nh c&#7911;a ch&iacute;nh m&igrave;nh, c&aacute;c &#7913;ng d&#7909;ng s&#7869; t&#7921; ph&aacute;t tri&#7875;n ho&#7863;c l&#7909;i t&agrave;n tr&ecirc;n Ethereum (sau n&agrave;y chuy&#7875;n sang Optimism), v&agrave; c&#7897;ng &#273;&#7891;ng s&#7869; l&agrave; ng&#432;&#7901;i &#273;&#7883;nh h&#432;&#7899;ng s&#7921; ph&aacute;t tri&#7875;n chung.
<img style="height:400px;width:640px;" decoding="async" src="https://assets.beincrypto.com/img/B8NeoCslx7u97xlyl-QgiPJmXh4=/smart/ba34c47faf8242c6b34de5ca2090f868" alt="Farcaster Revenue" class="wp-image-794821" style="width:1009px;height:auto">Doanh thu Farcaster. Ngu&#7891;n: <a href="https://dune.com/charlie89_team_418/socialfi" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a>

Romero &#273;&atilde; h&#7907;p t&aacute;c v&#7899;i Varun Srinivasan v&agrave; g&#7885;i v&#7889;n th&agrave;nh c&ocirc;ng 30 tri&#7879;u USD v&ograve;ng Seed n&#259;m 2022 do a16z d&#7851;n d&#7855;t, &#273;&#7891;ng th&#7901;i ra m&#7855;t Warpcast nh&#432; m&#7897;t &#7913;ng d&#7909;ng &ldquo;con c&#432;ng&rdquo; d&agrave;nh cho c&#7897;ng &#273;&#7891;ng y&ecirc;u th&iacute;ch crypto.
S&#7921; t&#259;ng tr&#432;&#7903;ng &#7893;n &#273;&#7883;nh k&eacute;o d&agrave;i &#273;&#7871;n n&#259;m 2023, v&#7899;i s&#7889; l&#432;&#7907;ng bot &iacute;t h&#417;n so v&#7899;i X (Twitter). &#272;&#7871;n n&#259;m 2024, m&#7897;t <a href="https://vn.beincrypto.com/farcaster-huy-dong-duoc-150/" target="_blank" rel="noreferrer noopener">$150 tri&#7879;u USD v&ograve;ng Series A do Paradigm d&#7851;n &#273;&#7847;u</a> &#273;&atilde; gi&uacute;p Farcaster &#273;&#7841;t m&#7913;c &#273;&#7883;nh gi&aacute; 1 t&#7927; USD, &#273;&#7849;y k&#7923; v&#7885;ng c&#7911;a th&#7883; tr&#432;&#7901;ng l&ecirc;n r&#7845;t cao.
C&aacute;c &yacute; t&#432;&#7903;ng m&#7899;i nh&#432; Frames (mini-apps gi&uacute;p th&#7921;c hi&#7879;n c&aacute;c t&aacute;c v&#7909; on-chain ngay trong b&agrave;i vi&#7871;t) &#273;&atilde; t&#7841;o ra nhi&#7873;u s&#7921; t&ograve; m&ograve; v&agrave; thu h&uacute;t r&#7845;t nhi&#7873;u nh&agrave; ph&aacute;t tri&#7875;n &#273;&#7871;n th&#7917; nghi&#7879;m.
Nh&#432;ng r&#7891;i n&#259;m 2025, m&#7885;i chuy&#7879;n b&#7855;t &#273;&#7847;u tr&#7903; n&ecirc;n t&#7891;i t&#7879;. Spam t&#259;ng m&#7841;nh, <a href="https://beincrypto.com/farcaster-revenue-soars-to-thousands/" target="_blank" rel="noreferrer noopener">Frames b&#7883; l&#7907;i d&#7909;ng</a>, c&aacute;c badge quy&#7873;n l&#7921;c g&acirc;y tranh c&atilde;i, v&agrave; vi&#7879;c t&#7883;ch thu c&aacute;c k&ecirc;nh &#273;&atilde; khi&#7871;n nhi&#7873;u ng&#432;&#7901;i d&ugrave;ng quay l&#432;ng.
Ngay c&#7843; th&#432;&#417;ng v&#7909; mua l&#7841;i Clanker v&agrave;o th&aacute;ng 10, m&#7897;t giao th&#7913;c giao d&#7883;ch x&atilde; h&#7897;i t&#7841;o ra h&#417;n 50 tri&#7879;u USD ph&iacute;, c&#361;ng kh&ocirc;ng c&#7913;u n&#7893;i t&igrave;nh h&igrave;nh &#273;i xu&#7889;ng.
Chi ph&iacute; t&#259;ng cao, s&#7921; t&#432;&#417;ng t&aacute;c gi&#7843;m s&uacute;t, th&#7921;c t&#7871; va ch&#7841;m m&#7841;nh v&#7899;i k&#7923; v&#7885;ng. B&igrave;nh lu&#7853;n vi&ecirc;n c&ocirc;ng ngh&#7879; Bayomi nh&#7853;n x&eacute;t, Farcaster g&#7885;i v&#7889;n &#273;&#7871;n 180 tri&#7879;u USD nh&#432;ng ch&#7881; thu v&#7873; 2.8 tri&#7879;u USD doanh thu trong 5 n&#259;m tr&#432;&#7899;c khi b&aacute;n l&#7841;i.
<h3 class="wp-block-heading" id="h-farcaster-isn-t-shutting-down-founders-emphasize-protocol-survival-and-investor-stewardship">Farcaster kh&ocirc;ng &#273;&oacute;ng c&#7917;a: Nh&agrave; s&aacute;ng l&#7853;p nh&#7845;n m&#7841;nh s&#7921; t&#7891;n t&#7841;i c&#7911;a giao th&#7913;c v&agrave; tr&aacute;ch nhi&#7879;m v&#7899;i nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;</h3>

N&oacute;i v&#7873; tin &#273;&#7891;n &#273;&oacute;ng c&#7917;a d&#7921; &aacute;n, Romero cho bi&#7871;t Farcaster KH&Ocirc;NG &#273;&oacute;ng c&#7917;a.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Giao th&#7913;c v&#7851;n ho&#7841;t &#273;&#7897;ng v&agrave; s&#7869; ti&#7871;p t&#7909;c&hellip; v&#7899;i 250,000 MAU trong th&aacute;ng 12 v&agrave; h&#417;n 100,000 v&iacute; c&oacute; qu&#7929;,&rdquo; anh <a href="https://x.com/dwr/status/2014469533210456166?s=20" target="_blank" rel="noreferrer noopener nofollow">chia s&#7867;</a>.
</blockquote>

Neynar s&#7869; t&#7853;p trung ph&aacute;t tri&#7875;n h&#7879; sinh th&aacute;i cho nh&agrave; ph&aacute;t tri&#7875;n, trong khi Merkle Manufactory tr&#7843; l&#7841;i to&agrave;n b&#7897; 180 tri&#7879;u USD cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &ndash; m&#7897;t quy&#7871;t &#273;&#7883;nh hi&#7871;m th&#7845;y v&#7873; tr&aacute;ch nhi&#7879;m t&agrave;i ch&iacute;nh.
Romero, ng&#432;&#7901;i &#273;&atilde; mua nh&agrave; nh&#7901; l&#7907;i nhu&#7853;n t&#7915; Coinbase, nh&#7845;n m&#7841;nh vai tr&ograve; c&#7911;a m&igrave;nh su&#7889;t 5 n&#259;m &#273;&#7847;y th&#7917; th&aacute;ch v&#7915;a qua lu&ocirc;n l&agrave; ng&#432;&#7901;i d&#7851;n d&#7855;t t&#7853;n t&acirc;m.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-praise-criticism-and-the-web3-stakes-crypto-divided-over-farcaster-s-future">L&#7901;i khen, ch&#7881; tr&iacute;ch v&agrave; s&#7913;c n&oacute;ng Web3: gi&#7899;i crypto chia r&#7869; v&#7873; t&#432;&#417;ng lai c&#7911;a Farcaster</h2>

C&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;&#7873;u &#7911;ng h&#7897; &#273;&#7897;i ng&#361; s&aacute;ng l&#7853;p. Chris Dixon <a href="https://x.com/cdixon/status/2014478857856864559" target="_blank" rel="noreferrer noopener nofollow">b&agrave;y t&#7887;</a> s&#7921; bi&#7871;t &#417;n v&#7873; &ldquo;h&agrave;nh tr&igrave;nh &#273;&#7891;ng h&agrave;nh 5 n&#259;m&rdquo; v&agrave; r&#7845;t k&#7923; v&#7885;ng v&agrave;o s&#7921; d&#7851;n d&#7855;t m&#7899;i t&#7915; Neynar.
Kyle Samani t&#7921; tin <a href="https://x.com/KyleSamani/status/2014561925485756762?s=20" target="_blank" rel="noreferrer noopener nofollow">kh&#7859;ng &#273;&#7883;nh</a> s&#7869; ti&#7871;p t&#7909;c &#273;&#7847;u t&#432; cho Romero &ldquo;ngay l&#7853;p t&#7913;c n&#7871;u c&oacute; c&#417; h&#7897;i&rdquo;. Balaji Srinivasan &#273;&aacute;nh gi&aacute; cao &#273;&#7897;i ng&#361; v&igrave; &#273;&atilde; x&acirc;y d&#7921;ng m&#7897;t trong nh&#7919;ng giao th&#7913;c x&atilde; h&#7897;i phi t&#7853;p trung t&#7889;t nh&#7845;t, &#432;u ti&ecirc;n t&#7921; do Internet thay v&igrave; l&#7907;i nhu&#7853;n nhanh ch&oacute;ng.
Tuy v&#7853;y, nhi&#7873;u &yacute; ki&#7871;n ch&#7881; tr&iacute;ch v&#7851;n c&ograve;n gay g&#7855;t. Liron Shapira cho r&#7857;ng Farcaster ch&#7881; l&agrave; &ldquo;h&#417;i th&#7903; cu&#7889;i c&ugrave;ng&rdquo; cho lu&#7853;n &#273;i&#7875;m &ldquo;Read/Write/Own&rdquo; c&#7911;a Dixon, g&#7885;i m&#7885;i th&#7913; l&agrave; &ldquo;&#7843;o t&#432;&#7903;ng kh&ocirc;ng logic&rdquo;.
Hishboy th&igrave; cho r&#7857;ng xu h&#432;&#7899;ng n&agrave;y &#273;&atilde; ch&#7845;m d&#7913;t, <a href="https://x.com/hishboy/status/2014050332675121169?s=20" target="_blank" rel="noreferrer noopener nofollow">kh&#7859;ng &#273;&#7883;nh</a> crypto ch&#7881; d&agrave;nh cho &ldquo;th&#7883; tr&#432;&#7901;ng v&#7889;n Internet, h&#7871;t&rdquo;. Tervelix <a href="https://x.com/tervelix/status/2014098290426388659?s=20" target="_blank" rel="noreferrer noopener nofollow">ch&#7881; tr&iacute;ch</a> c&aacute;c sai l&#7847;m t&#7915; s&#7899;m, nh&#432; vi&#7879;c &eacute;p thu h&#7891;i k&ecirc;nh Bankless, v&agrave; kh&ocirc;ng h&agrave;i l&ograve;ng v&igrave; cho r&#7857;ng &#273;&acirc;y l&agrave; m&#7897;t &ldquo;g&oacute;i gi&#7843;i c&#7913;u&rdquo;.
Ngay c&#7843; nh&#7919;ng ng&#432;&#7901;i x&acirc;y d&#7921;ng h&#7879; sinh th&aacute;i c&#361;ng b&agrave;y t&#7887; s&#7921; th&#7845;t v&#7885;ng: m&#7897;t nh&agrave; ph&aacute;t tri&#7875;n chia s&#7867; b&#7841;n b&egrave; c&#7911;a m&igrave;nh c&#7843;m th&#7845;y ch&aacute;n n&#7843;n v&#7899;i vi&#7879;c h&#7879; sinh th&aacute;i li&ecirc;n t&#7909;c thay &#273;&#7893;i, k&ecirc;u g&#7885;i h&atilde;y qu&#7843;ng b&aacute; c&ocirc;ng b&#7857;ng h&#417;n, minh b&#7841;ch trong quy tr&igrave;nh v&agrave; c&#7843;i ti&#7871;n k&#7929; thu&#7853;t m&#7897;t c&aacute;ch r&otilde; r&agrave;ng.
Phe &#7911;ng h&#7897; c&#361;ng l&ecirc;n ti&#7871;ng ph&#7843;n b&aacute;c. Ng&#432;&#7901;i d&ugrave;ng Chaskin <a href="https://x.com/jchaskin/status/2014409400983703932?s=20" target="_blank" rel="noreferrer noopener nofollow">cho r&#7857;ng</a> &#273;&acirc;y kh&ocirc;ng ph&#7843;i l&agrave; m&#7897;t tr&ograve; l&#7915;a &#273;&#7843;o v&igrave; &#273;a s&#7889; startup &#273;&#7873;u th&#7845;t b&#7841;i, &#273;&#7891;ng th&#7901;i c&#361;ng khen ng&#7907;i s&#7921; ki&ecirc;n tr&igrave; kh&ocirc;ng m&#7879;t m&#7887;i c&#7911;a Romero tr&ecirc;n con &#273;&#432;&#7901;ng c&ocirc;ng khai x&acirc;y d&#7921;ng s&#7843;n ph&#7849;m.
Trong khi &#273;&oacute;, Foobar l&#7841;i &#273;&aacute;nh gi&aacute; cao vi&#7879;c &ldquo;r&uacute;t lui m&#7897;t c&aacute;ch t&ocirc;n tr&#7885;ng&rdquo;, <a href="https://x.com/0xfoobar/status/2014169292736979296?s=20" target="_blank" rel="noreferrer noopener nofollow">nh&#7845;n m&#7841;nh</a> r&#7857;ng kh&ocirc;ng c&oacute; chi&ecirc;u tr&ograve; l&#7841;m d&#7909;ng token hay c&aacute;c d&#7921; &aacute;n &lsquo;v&#7887; r&#7895;ng&rsquo; xu&#7845;t hi&#7879;n.
Robin ch&#7881; tr&iacute;ch m&#7841;nh m&#7869; vi&#7879;c &ldquo;b&ocirc;i nh&#7885; c&aacute; nh&acirc;n&rdquo;, <a href="https://x.com/swaglord__420/status/2014482479068147760?s=20" target="_blank" rel="noreferrer noopener nofollow">nh&#7845;n m&#7841;nh</a> y&#7871;u t&#7889; phi t&#7853;p trung c&#7911;a Farcaster, giao di&#7879;n th&acirc;n thi&#7879;n v&#7899;i ng&#432;&#7901;i d&ugrave;ng, v&agrave; s&#7921; truy&#7873;n c&#7843;m h&#7913;ng &#273;&#7871;n nhi&#7873;u doanh nh&acirc;n trong l&#297;nh v&#7921;c crypto.
<a href="https://vn.beincrypto.com/vitalik-buterin-ethereum-success-roadmap/" target="_blank" rel="noreferrer noopener">&#272;&#7891;ng s&aacute;ng l&#7853;p Ethereum, Vitalik Buterin</a> &#273;&atilde; nh&igrave;n nh&#7853;n c&acirc;u chuy&#7879;n n&agrave;y &#7903; m&#7897;t g&oacute;c &#273;&#7897; r&#7897;ng h&#417;n. Trong cam k&#7871;t n&#259;m 2026 v&#7899;i m&#7841;ng x&atilde; h&#7897;i phi t&#7853;p trung, anh &#273;&atilde; khen ng&#7907;i Farcaster c&ugrave;ng Lens, &#273;&#7891;ng th&#7901;i nh&#7845;n m&#7841;nh r&#7857;ng c&aacute;c n&#7873;n t&#7843;ng n&ecirc;n quan t&acirc;m &#273;&#7871;n l&#7907;i &iacute;ch l&acirc;u d&agrave;i c&#7911;a ng&#432;&#7901;i d&ugrave;ng thay v&igrave; ch&#7841;y theo c&aacute;c &ldquo;bong b&oacute;ng &#273;&#7847;u c&#417;&rdquo;.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Ch&uacute;ng ta c&#7847;n nh&#7919;ng c&ocirc;ng c&#7909; giao ti&#7871;p c&#7897;ng &#273;&#7891;ng gi&uacute;p hi&#7875;n th&#7883; nh&#7919;ng th&ocirc;ng tin v&agrave; l&#7853;p lu&#7853;n t&#7889;t nh&#7845;t&hellip; ch&#7913; kh&ocirc;ng ph&#7843;i th&#7875; lo&#7841;i &lsquo;corposlop&rsquo;&rdquo;, anh <a href="https://x.com/VitalikButerin/status/2013884907659944205?s=20" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>, &#7911;ng h&#7897; c&#7841;nh tranh d&#7921;a tr&ecirc;n t&#7847;ng d&#7919; li&#7879;u chia s&#7867;.
</blockquote>

V&#7853;y &#273;i&#7873;u g&igrave; m&#7899;i th&#7921;c s&#7921; quan tr&#7885;ng? T&#432;&#417;ng lai c&#7911;a Farcaster ch&iacute;nh l&agrave; ph&eacute;p th&#7917; l&#7899;n cho tinh th&#7847;n c&#7911;a Web3. Li&#7879;u h&#7885; c&oacute; th&#7875; v&#432;&#7907;t l&ecirc;n ch&#7881; l&agrave; m&#7897;t h&#7841; t&#7847;ng, tr&#7903; th&agrave;nh &#273;&#7889;i th&#7911; c&#7911;a c&aacute;c m&#7841;ng x&atilde; h&#7897;i ph&#7893; bi&#7871;n hay kh&ocirc;ng? Hay h&#432;&#7899;ng &#273;i t&#7853;p trung v&agrave;o nh&agrave; ph&aacute;t tri&#7875;n c&#7911;a Neynar s&#7869; m&#7903; ra m&#7897;t ti&#7873;m n&#259;ng m&#7899;i nh&#432;ng l&#7841;i &acirc;m th&#7847;m, kh&ocirc;ng r&#7847;m r&#7897;?
D&ugrave; c&aacute;c nh&agrave; s&aacute;ng l&#7853;p r&#7901;i &#273;i, giao th&#7913;c v&#7851;n c&ograve;n t&#7891;n t&#7841;i, nh&#432;ng gi&#7845;c m&#417; phi t&#7853;p trung c&#7911;a crypto &#273;ang chao &#273;&#7843;o gi&#7919;a hai ranh gi&#7899;i: &#7843;o &#7843;nh v&agrave; c&aacute;ch m&#7841;ng th&#7853;t s&#7921;.

Giấc mơ tỷ đô của Farcaster dần tắt khi nhà sáng lập biến mất—Chuyên gia phân tích rủi ro thật sự

Farcaster, m&#7897;t giao th&#7913;c m&#7841;ng x&atilde; h&#7897;i t&#7915;ng &#273;&#432;&#7907;c k&#7923; v&#7885;ng l&#7899;n, &#273;&atilde; &#273;&#7893;i ch&#7911; khi Neynar, m&#7897;t startup &#273;&#432;&#7907;c h&#7853;u thu&#7851;n b&#7903;i c&aacute;c qu&#7929; &#273;&#7847;u t&#432; l&#7899;n, gi&#7901; &#273;&acirc;y &#273;i&#7873;u h&agrave;nh d&#7921; &aacute;n.
Trong khi &#273;&oacute;, nh&#7919;ng ng&#432;&#7901;i s&aacute;ng l&#7853;p l&agrave; Dan Romero v&agrave; Varun Srinivasan r&uacute;t lui m&#7897;t c&aacute;ch l&#7863;ng l&#7869; nh&#432; &ldquo;b&oacute;ng ma tr&ecirc;n blockchain&rdquo;.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-the-future-of-farcaster-infrastructure-community-or-rebirth">T&#432;&#417;ng lai c&#7911;a Farcaster: H&#7841; t&#7847;ng, c&#7897;ng &#273;&#7891;ng hay t&aacute;i sinh?</h2>

Th&#7887;a thu&#7853;n chuy&#7875;n giao n&agrave;y &#273;&#432;&#7907;c c&ocirc;ng b&#7889; v&agrave;o ng&agrave;y 21/01/2026 v&#7899;i m&#7913;c &#273;&#7883;nh gi&aacute; &#273;&#432;&#7907;c cho l&agrave; g&#7847;n 1 t&#7927; USD, nh&#432;ng chi ti&#7871;t v&#7851;n c&ograve;n l&agrave; &#273;i&#7873;u b&iacute; m&#7853;t. Trong khi &#273;&oacute;, s&#7889; l&#432;&#7907;ng ng&#432;&#7901;i d&ugrave;ng ho&#7841;t &#273;&#7897;ng h&agrave;ng ng&agrave;y (DAU) &#273;&atilde; gi&#7843;m 40% v&agrave; doanh thu c&#361;ng &#273;&atilde; lao d&#7889;c 85%.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/QYT1hJLMHhZtmRinYPnD9PHuu2Y=/smart/e0e830482d1e437dbb9cb9ffe6d01bdf" alt="Farcaster DAU" class="wp-image-794820">Farcaster DAU. Ngu&#7891;n: <a href="https://dune.com/charlie89_team_418/socialfi" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a>

Tuy v&#7853;y, gi&#7919;a nh&#7919;ng l&#7901;i &#273;&#7891;n &#273;o&aacute;n v&#7873; s&#7921; th&#7845;t b&#7841;i, m&#7897;t c&acirc;u h&#7887;i quan tr&#7885;ng h&#417;n v&#7851;n c&ograve;n &#273;&oacute;: &#272;&acirc;y l&agrave; d&#7845;u ch&#7845;m h&#7871;t cho tham v&#7885;ng m&#7841;ng x&atilde; h&#7897;i Web3 hay l&agrave; m&#7897;t c&uacute; t&aacute;i sinh &acirc;m th&#7847;m?
C&acirc;u chuy&#7879;n c&#7911;a Farcaster b&#7855;t &#273;&#7847;u v&agrave;o n&#259;m 2021, th&#7901;i &#273;i&#7875;m Romero v&#7915;a nh&#7853;n &#273;&#432;&#7907;c kho&#7843;n l&#7907;i nhu&#7853;n l&#7899;n t&#7915; <a href="https://vn.beincrypto.com/coinbase-ipo-investors-profit-us-crypto-news/" target="_blank" rel="noreferrer noopener">IPO c&#7911;a Coinbase</a> v&agrave; &#7845;p &#7911; &yacute; t&#432;&#7903;ng v&#7873; m&#7897;t m&#7841;ng x&atilde; h&#7897;i kh&ocirc;ng ph&#7909; thu&#7897;c v&agrave;o r&#7911;i ro t&#7915; n&#7873;n t&#7843;ng t&#7853;p trung.
Ng&#432;&#7901;i d&ugrave;ng s&#7869; s&#7903; h&#7919;u danh t&iacute;nh c&#7911;a ch&iacute;nh m&igrave;nh, c&aacute;c &#7913;ng d&#7909;ng s&#7869; t&#7921; ph&aacute;t tri&#7875;n ho&#7863;c l&#7909;i t&agrave;n tr&ecirc;n Ethereum (sau n&agrave;y chuy&#7875;n sang Optimism), v&agrave; c&#7897;ng &#273;&#7891;ng s&#7869; l&agrave; ng&#432;&#7901;i &#273;&#7883;nh h&#432;&#7899;ng s&#7921; ph&aacute;t tri&#7875;n chung.
<img style="height:400px;width:640px;"decoding="async" src="https://assets.beincrypto.com/img/B8NeoCslx7u97xlyl-QgiPJmXh4=/smart/ba34c47faf8242c6b34de5ca2090f868" alt="Farcaster Revenue" class="wp-image-794821" style="width:1009px;height:auto">Doanh thu Farcaster. Ngu&#7891;n: <a href="https://dune.com/charlie89_team_418/socialfi" target="_blank" rel="noreferrer noopener nofollow">Dune Analytics</a>

Romero &#273;&atilde; h&#7907;p t&aacute;c v&#7899;i Varun Srinivasan v&agrave; g&#7885;i v&#7889;n th&agrave;nh c&ocirc;ng 30 tri&#7879;u USD v&ograve;ng Seed n&#259;m 2022 do a16z d&#7851;n d&#7855;t, &#273;&#7891;ng th&#7901;i ra m&#7855;t Warpcast nh&#432; m&#7897;t &#7913;ng d&#7909;ng &ldquo;con c&#432;ng&rdquo; d&agrave;nh cho c&#7897;ng &#273;&#7891;ng y&ecirc;u th&iacute;ch crypto.
S&#7921; t&#259;ng tr&#432;&#7903;ng &#7893;n &#273;&#7883;nh k&eacute;o d&agrave;i &#273;&#7871;n n&#259;m 2023, v&#7899;i s&#7889; l&#432;&#7907;ng bot &iacute;t h&#417;n so v&#7899;i X (Twitter). &#272;&#7871;n n&#259;m 2024, m&#7897;t <a href="https://vn.beincrypto.com/farcaster-huy-dong-duoc-150/" target="_blank" rel="noreferrer noopener">$150 tri&#7879;u USD v&ograve;ng Series A do Paradigm d&#7851;n &#273;&#7847;u</a> &#273;&atilde; gi&uacute;p Farcaster &#273;&#7841;t m&#7913;c &#273;&#7883;nh gi&aacute; 1 t&#7927; USD, &#273;&#7849;y k&#7923; v&#7885;ng c&#7911;a th&#7883; tr&#432;&#7901;ng l&ecirc;n r&#7845;t cao.
C&aacute;c &yacute; t&#432;&#7903;ng m&#7899;i nh&#432; Frames (mini-apps gi&uacute;p th&#7921;c hi&#7879;n c&aacute;c t&aacute;c v&#7909; on-chain ngay trong b&agrave;i vi&#7871;t) &#273;&atilde; t&#7841;o ra nhi&#7873;u s&#7921; t&ograve; m&ograve; v&agrave; thu h&uacute;t r&#7845;t nhi&#7873;u nh&agrave; ph&aacute;t tri&#7875;n &#273;&#7871;n th&#7917; nghi&#7879;m.
Nh&#432;ng r&#7891;i n&#259;m 2025, m&#7885;i chuy&#7879;n b&#7855;t &#273;&#7847;u tr&#7903; n&ecirc;n t&#7891;i t&#7879;. Spam t&#259;ng m&#7841;nh, <a href="https://beincrypto.com/farcaster-revenue-soars-to-thousands/" target="_blank" rel="noreferrer noopener">Frames b&#7883; l&#7907;i d&#7909;ng</a>, c&aacute;c badge quy&#7873;n l&#7921;c g&acirc;y tranh c&atilde;i, v&agrave; vi&#7879;c t&#7883;ch thu c&aacute;c k&ecirc;nh &#273;&atilde; khi&#7871;n nhi&#7873;u ng&#432;&#7901;i d&ugrave;ng quay l&#432;ng.
Ngay c&#7843; th&#432;&#417;ng v&#7909; mua l&#7841;i Clanker v&agrave;o th&aacute;ng 10, m&#7897;t giao th&#7913;c giao d&#7883;ch x&atilde; h&#7897;i t&#7841;o ra h&#417;n 50 tri&#7879;u USD ph&iacute;, c&#361;ng kh&ocirc;ng c&#7913;u n&#7893;i t&igrave;nh h&igrave;nh &#273;i xu&#7889;ng.
Chi ph&iacute; t&#259;ng cao, s&#7921; t&#432;&#417;ng t&aacute;c gi&#7843;m s&uacute;t, th&#7921;c t&#7871; va ch&#7841;m m&#7841;nh v&#7899;i k&#7923; v&#7885;ng. B&igrave;nh lu&#7853;n vi&ecirc;n c&ocirc;ng ngh&#7879; Bayomi nh&#7853;n x&eacute;t, Farcaster g&#7885;i v&#7889;n &#273;&#7871;n 180 tri&#7879;u USD nh&#432;ng ch&#7881; thu v&#7873; 2.8 tri&#7879;u USD doanh thu trong 5 n&#259;m tr&#432;&#7899;c khi b&aacute;n l&#7841;i.
<h3 class="wp-block-heading" id="h-farcaster-isn-t-shutting-down-founders-emphasize-protocol-survival-and-investor-stewardship">Farcaster kh&ocirc;ng &#273;&oacute;ng c&#7917;a: Nh&agrave; s&aacute;ng l&#7853;p nh&#7845;n m&#7841;nh s&#7921; t&#7891;n t&#7841;i c&#7911;a giao th&#7913;c v&agrave; tr&aacute;ch nhi&#7879;m v&#7899;i nh&agrave; &#273;&#7847;u t&#432; nh&#7887; l&#7867;</h3>

N&oacute;i v&#7873; tin &#273;&#7891;n &#273;&oacute;ng c&#7917;a d&#7921; &aacute;n, Romero cho bi&#7871;t Farcaster KH&Ocirc;NG &#273;&oacute;ng c&#7917;a.
<blockquote class="max-w-xl text-4.5 border-l-2 border-blue-600 pl-11 mb-9 select-all [&amp;_p]:!mb-0 wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
&ldquo;Giao th&#7913;c v&#7851;n ho&#7841;t &#273;&#7897;ng v&agrave; s&#7869; ti&#7871;p t&#7909;c&hellip; v&#7899;i 250,000 MAU trong th&aacute;ng 12 v&agrave; h&#417;n 100,000 v&iacute; c&oacute; qu&#7929;,&rdquo; anh <a href="https://x.com/dwr/status/2014469533210456166?s=20" target="_blank" rel="noreferrer noopener nofollow">chia s&#7867;</a>.
</blockquote>

Neynar s&#7869; t&#7853;p trung ph&aacute;t tri&#7875;n h&#7879; sinh th&aacute;i cho nh&agrave; ph&aacute;t tri&#7875;n, trong khi Merkle Manufactory tr&#7843; l&#7841;i to&agrave;n b&#7897; 180 tri&#7879;u USD cho c&aacute;c nh&agrave; &#273;&#7847;u t&#432; &ndash; m&#7897;t quy&#7871;t &#273;&#7883;nh hi&#7871;m th&#7845;y v&#7873; tr&aacute;ch nhi&#7879;m t&agrave;i ch&iacute;nh.
Romero, ng&#432;&#7901;i &#273;&atilde; mua nh&agrave; nh&#7901; l&#7907;i nhu&#7853;n t&#7915; Coinbase, nh&#7845;n m&#7841;nh vai tr&ograve; c&#7911;a m&igrave;nh su&#7889;t 5 n&#259;m &#273;&#7847;y th&#7917; th&aacute;ch v&#7915;a qua lu&ocirc;n l&agrave; ng&#432;&#7901;i d&#7851;n d&#7855;t t&#7853;n t&acirc;m.
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-praise-criticism-and-the-web3-stakes-crypto-divided-over-farcaster-s-future">L&#7901;i khen, ch&#7881; tr&iacute;ch v&agrave; s&#7913;c n&oacute;ng Web3: gi&#7899;i crypto chia r&#7869; v&#7873; t&#432;&#417;ng lai c&#7911;a Farcaster</h2>

C&aacute;c nh&agrave; &#273;&#7847;u t&#432; &#273;&#7873;u &#7911;ng h&#7897; &#273;&#7897;i ng&#361; s&aacute;ng l&#7853;p. Chris Dixon <a href="https://x.com/cdixon/status/2014478857856864559" target="_blank" rel="noreferrer noopener nofollow">b&agrave;y t&#7887;</a> s&#7921; bi&#7871;t &#417;n v&#7873; &ldquo;h&agrave;nh tr&igrave;nh &#273;&#7891;ng h&agrave;nh 5 n&#259;m&rdquo; v&agrave; r&#7845;t k&#7923; v&#7885;ng v&agrave;o s&#7921; d&#7851;n d&#7855;t m&#7899;i t&#7915; Neynar.
Kyle Samani t&#7921; tin <a href="https://x.com/KyleSamani/status/2014561925485756762?s=20" target="_blank" rel="noreferrer noopener nofollow">kh&#7859;ng &#273;&#7883;nh</a> s&#7869; ti&#7871;p t&#7909;c &#273;&#7847;u t&#432; cho Romero &ldquo;ngay l&#7853;p t&#7913;c n&#7871;u c&oacute; c&#417; h&#7897;i&rdquo;. Balaji Srinivasan &#273;&aacute;nh gi&aacute; cao &#273;&#7897;i ng&#361; v&igrave; &#273;&atilde; x&acirc;y d&#7921;ng m&#7897;t trong nh&#7919;ng giao th&#7913;c x&atilde; h&#7897;i phi t&#7853;p trung t&#7889;t nh&#7845;t, &#432;u ti&ecirc;n t&#7921; do Internet thay v&igrave; l&#7907;i nhu&#7853;n nhanh ch&oacute;ng.
Tuy v&#7853;y, nhi&#7873;u &yacute; ki&#7871;n ch&#7881; tr&iacute;ch v&#7851;n c&ograve;n gay g&#7855;t. Liron Shapira cho r&#7857;ng Farcaster ch&#7881; l&agrave; &ldquo;h&#417;i th&#7903; cu&#7889;i c&ugrave;ng&rdquo; cho lu&#7853;n &#273;i&#7875;m &ldquo;Read/Write/Own&rdquo; c&#7911;a Dixon, g&#7885;i m&#7885;i th&#7913; l&agrave; &ldquo;&#7843;o t&#432;&#7903;ng kh&ocirc;ng logic&rdquo;.
Hishboy th&igrave; cho r&#7857;ng xu h&#432;&#7899;ng n&agrave;y &#273;&atilde; ch&#7845;m d&#7913;t, <a href="https://x.com/hishboy/status/2014050332675121169?s=20" target="_blank" rel="noreferrer noopener nofollow">kh&#7859;ng &#273;&#7883;nh</a> crypto ch&#7881; d&agrave;nh cho &ldquo;th&#7883; tr&#432;&#7901;ng v&#7889;n Internet, h&#7871;t&rdquo;. Tervelix <a href="https://x.com/tervelix/status/2014098290426388659?s=20" target="_blank" rel="noreferrer noopener nofollow">ch&#7881; tr&iacute;ch</a> c&aacute;c sai l&#7847;m t&#7915; s&#7899;m, nh&#432; vi&#7879;c &eacute;p thu h&#7891;i k&ecirc;nh Bankless, v&agrave; kh&ocirc;ng h&agrave;i l&ograve;ng v&igrave; cho r&#7857;ng &#273;&acirc;y l&agrave; m&#7897;t &ldquo;g&oacute;i gi&#7843;i c&#7913;u&rdquo;.
Ngay c&#7843; nh&#7919;ng ng&#432;&#7901;i x&acirc;y d&#7921;ng h&#7879; sinh th&aacute;i c&#361;ng b&agrave;y t&#7887; s&#7921; th&#7845;t v&#7885;ng: m&#7897;t nh&agrave; ph&aacute;t tri&#7875;n chia s&#7867; b&#7841;n b&egrave; c&#7911;a m&igrave;nh c&#7843;m th&#7845;y ch&aacute;n n&#7843;n v&#7899;i vi&#7879;c h&#7879; sinh th&aacute;i li&ecirc;n t&#7909;c thay &#273;&#7893;i, k&ecirc;u g&#7885;i h&atilde;y qu&#7843;ng b&aacute; c&ocirc;ng b&#7857;ng h&#417;n, minh b&#7841;ch trong quy tr&igrave;nh v&agrave; c&#7843;i ti&#7871;n k&#7929; thu&#7853;t m&#7897;t c&aacute;ch r&otilde; r&agrave;ng.
Phe &#7911;ng h&#7897; c&#361;ng l&ecirc;n ti&#7871;ng ph&#7843;n b&aacute;c. Ng&#432;&#7901;i d&ugrave;ng Chaskin <a href="https://x.com/jchaskin/status/2014409400983703932?s=20" target="_blank" rel="noreferrer noopener nofollow">cho r&#7857;ng</a> &#273;&acirc;y kh&ocirc;ng ph&#7843;i l&agrave; m&#7897;t tr&ograve; l&#7915;a &#273;&#7843;o v&igrave; &#273;a s&#7889; startup &#273;&#7873;u th&#7845;t b&#7841;i, &#273;&#7891;ng th&#7901;i c&#361;ng khen ng&#7907;i s&#7921; ki&ecirc;n tr&igrave; kh&ocirc;ng m&#7879;t m&#7887;i c&#7911;a Romero tr&ecirc;n con &#273;&#432;&#7901;ng c&ocirc;ng khai x&acirc;y d&#7921;ng s&#7843;n ph&#7849;m.
Trong khi &#273;&oacute;, Foobar l&#7841;i &#273;&aacute;nh gi&aacute; cao vi&#7879;c &ldquo;r&uacute;t lui m&#7897;t c&aacute;ch t&ocirc;n tr&#7885;ng&rdquo;, <a href="https://x.com/0xfoobar/status/2014169292736979296?s=20" target="_blank" rel="noreferrer noopener nofollow">nh&#7845;n m&#7841;nh</a> r&#7857;ng kh&ocirc;ng c&oacute; chi&ecirc;u tr&ograve; l&#7841;m d&#7909;ng token hay c&aacute;c d&#7921; &aacute;n &lsquo;v&#7887; r&#7895;ng&rsquo; xu&#7845;t hi&#7879;n.
Robin ch&#7881; tr&iacute;ch m&#7841;nh m&#7869; vi&#7879;c &ldquo;b&ocirc;i nh&#7885; c&aacute; nh&acirc;n&rdquo;, <a href="https://x.com/swaglord__420/status/2014482479068147760?s=20" target="_blank" rel="noreferrer noopener nofollow">nh&#7845;n m&#7841;nh</a> y&#7871;u t&#7889; phi t&#7853;p trung c&#7911;a Farcaster, giao di&#7879;n th&acirc;n thi&#7879;n v&#7899;i ng&#432;&#7901;i d&ugrave;ng, v&agrave; s&#7921; truy&#7873;n c&#7843;m h&#7913;ng &#273;&#7871;n nhi&#7873;u doanh nh&acirc;n trong l&#297;nh v&#7921;c crypto.
<a href="https://vn.beincrypto.com/vitalik-buterin-ethereum-success-roadmap/" target="_blank" rel="noreferrer noopener">&#272;&#7891;ng s&aacute;ng l&#7853;p Ethereum, Vitalik Buterin</a> &#273;&atilde; nh&igrave;n nh&#7853;n c&acirc;u chuy&#7879;n n&agrave;y &#7903; m&#7897;t g&oacute;c &#273;&#7897; r&#7897;ng h&#417;n. Trong cam k&#7871;t n&#259;m 2026 v&#7899;i m&#7841;ng x&atilde; h&#7897;i phi t&#7853;p trung, anh &#273;&atilde; khen ng&#7907;i Farcaster c&ugrave;ng Lens, &#273;&#7891;ng th&#7901;i nh&#7845;n m&#7841;nh r&#7857;ng c&aacute;c n&#7873;n t&#7843;ng n&ecirc;n quan t&acirc;m &#273;&#7871;n l&#7907;i &iacute;ch l&acirc;u d&agrave;i c&#7911;a ng&#432;&#7901;i d&ugrave;ng thay v&igrave; ch&#7841;y theo c&aacute;c &ldquo;bong b&oacute;ng &#273;&#7847;u c&#417;&rdquo;.
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&ldquo;Ch&uacute;ng ta c&#7847;n nh&#7919;ng c&ocirc;ng c&#7909; giao ti&#7871;p c&#7897;ng &#273;&#7891;ng gi&uacute;p hi&#7875;n th&#7883; nh&#7919;ng th&ocirc;ng tin v&agrave; l&#7853;p lu&#7853;n t&#7889;t nh&#7845;t&hellip; ch&#7913; kh&ocirc;ng ph&#7843;i th&#7875; lo&#7841;i &lsquo;corposlop&rsquo;&rdquo;, anh <a href="https://x.com/VitalikButerin/status/2013884907659944205?s=20" target="_blank" rel="noreferrer noopener nofollow">vi&#7871;t</a>, &#7911;ng h&#7897; c&#7841;nh tranh d&#7921;a tr&ecirc;n t&#7847;ng d&#7919; li&#7879;u chia s&#7867;.
</blockquote>

V&#7853;y &#273;i&#7873;u g&igrave; m&#7899;i th&#7921;c s&#7921; quan tr&#7885;ng? T&#432;&#417;ng lai c&#7911;a Farcaster ch&iacute;nh l&agrave; ph&eacute;p th&#7917; l&#7899;n cho tinh th&#7847;n c&#7911;a Web3. Li&#7879;u h&#7885; c&oacute; th&#7875; v&#432;&#7907;t l&ecirc;n ch&#7881; l&agrave; m&#7897;t h&#7841; t&#7847;ng, tr&#7903; th&agrave;nh &#273;&#7889;i th&#7911; c&#7911;a c&aacute;c m&#7841;ng x&atilde; h&#7897;i ph&#7893; bi&#7871;n hay kh&ocirc;ng? Hay h&#432;&#7899;ng &#273;i t&#7853;p trung v&agrave;o nh&agrave; ph&aacute;t tri&#7875;n c&#7911;a Neynar s&#7869; m&#7903; ra m&#7897;t ti&#7873;m n&#259;ng m&#7899;i nh&#432;ng l&#7841;i &acirc;m th&#7847;m, kh&ocirc;ng r&#7847;m r&#7897;?
D&ugrave; c&aacute;c nh&agrave; s&aacute;ng l&#7853;p r&#7901;i &#273;i, giao th&#7913;c v&#7851;n c&ograve;n t&#7891;n t&#7841;i, nh&#432;ng gi&#7845;c m&#417; phi t&#7853;p trung c&#7911;a crypto &#273;ang chao &#273;&#7843;o gi&#7919;a hai ranh gi&#7899;i: &#7843;o &#7843;nh v&agrave; c&aacute;ch m&#7841;ng th&#7853;t s&#7921;.