The NFT space moves so quickly that there’s new projects and opportunities popping up every second. There’s one specific NFT that’s been making waves, the Farcaster OG NFT. If you’re not sure what to expect, here’s a brief introductory guide to this NFT. You’ll understand why it may be the most important financial asset you can ever own. This short article will walk you through how to understand the Farcaster OG NFT, how to verify it’s in your wallet, and what it could be worth.

What is the Farcaster OG NFT?

The Farcaster OG NFT is a limited-edition non-fungible token designed for the first 10,000 accounts on Farcaster Pro. Picture this as an honorary badge for the first movers on the Farcaster platform. These NFTs were gifted to the active users in order to reward them for their early support and high engagement. Here, blockchain observer Lee Chia Jian shares his thoughts from inside the maelstrom. Instead, he explains, the Farcaster OG NFT is a digital collectible that aligns a user’s belief in the platform’s vision from the very beginning.

These NFTs are more than mere bragging rights. Owning one might give you special access to unique perks in the world of Farcaster. The platform wants to change the way the world uses social media by making it decentralized. Holding an OG NFT would give you access to new features first, governance with a vote and future tokens (if any) distributed. As our friends at KnowingCoin.com like to remind us, to own your chain is to understand and seize upon opportunities such as these.

As it stands, the Farcaster Pro OG NFT market floor price is 0.07477 BASE_ETH, but keep in mind that this is subject to change. According to recent data, we currently have 60 dapps making transactions in the last 24 hours with their current volume being at 5.1. Over the course of this period, 17.83% of its value was lost. There is currently 1 listing order. These trends illustrate just how fast-paced, ever-changing, and turbulent the NFT market is, which makes it all the more critical to keep yourself updated.

How to Check Your Farcaster Wallet for the OG NFT

If you’re one of the early adopters of Farcaster Pro, you might be wondering what comes next. Maybe you now have one of those OG NFTs that are so hard to catch. Here’s how to check:

  1. Launch the Warpcast mobile app on your phone.
  2. Tap the “Wallet” tab on the navigation bar at the bottom of the app.
  3. Inside the wallet, locate and select the “Collectibles” section.
  4. Scroll through your token list to see if the OG NFT appears.

Alternatively, Lee Chia Jian suggests checking directly through the Farcaster dashboard: In the main dashboard, tap the wallet icon typically located at the bottom or side navigation menu. If you were among the first 10,000 users to claim a Farcaster Pro subscription, check your wallet! An exclusive OG NFT just might have made it there already.

Why You Might Be Sitting on a Hidden Gem

The Farcaster OG NFT isn't just a digital trinket. It has the potential to be a valuable asset for several reasons:

  • Early Adoption Reward: The Farcaster OG NFTs were given to active Farcaster users at the end of last year, serving as a reward for early adopters of the platform.
  • Current Trading Value: These NFTs are now trading for 3.5 ETH, or about $8,900, indicating a significant increase in value since their initial distribution.
  • Rarity and Scarcity: Only 3 million of these tokens were created, and their value has fluctuated, reaching a peak in the past, which may contribute to their collectibility and historical significance.
  • Exclusive Access: Holding a Farcaster OG NFT may grant exclusive access to certain features, events, or future token distributions within the Farcaster ecosystem, such as the upcoming $FRAMES token drop.
  • Part of a Larger Ecosystem: The Farcaster OG NFT is part of a broader decentralized social platform, Farcaster, which aims to reshape user connectivity, privacy, and ownership in the digital landscape.
  • Potential for increased value: The Farcaster OG NFT has a significant volume of 450 ETH (+$1.4M) and a floor price of ±2 ETH (+$6000), indicating its potential for increased value in the future.
  • Community engagement: Holding a Farcaster OG NFT may provide opportunities for community engagement, as Farcaster is known for its collaborative spirit and commitment to community and mutual support.
  • Early mover advantage: As Farcaster is still in its early stages, holding a Farcaster OG NFT may provide an early mover advantage, allowing holders to be part of a growing and potentially significant social network.
  • Integration with Farcaster's ecosystem: Farcaster OG NFTs may have integration with Farcaster's ecosystem, providing holders with access to exclusive features, events, or experiences.
  • Decentralized and permissionless: As Farcaster is a decentralized and permissionless social network, holding a Farcaster OG NFT may provide holders with a sense of ownership and control over their digital assets.

If successfully integrated with Farcaster’s burgeoning ecosystem, the upside potential is huge. Combined with the limited availability of the NFT and an early mover benefit, this asset could be very valuable.

As we’ve argued right here on KnowingCoin.com, you should definitely keep in mind that the crypto world is filled with promise, but additionally danger. Disclaimer Always DYOR before deciding to buy, sell, or hold NFTs.