Skycastle: Monthly News Recap A month ago, I wrote a long post explaining the value of @skycastletokens and $SKY — what they are building and how it impacts the ecosystem (the link to that post will be in the comments) New Incubations — A month ago, the project was incubating only partnership-based projects — Likes (by @yar0xslav), $CODY (by @Gon0x_), and Den(.)show (by @being_wayne). Since then, two more projects have been added to the incubation pipeline — RIPS (by @nazimahmed) and Quotient (by @amphib0ly) — Throughout this time, they have been actively supporting these projects: for RIPS they helped create the Whitepaper, the project model, and are assisting with the TGE; for Likes they are helping develop the v2 version; for DEN they are helping finalize the product for Devcon — plus lots of additional support for other clients Skycastle currently has only 5 clients, but they intentionally closed applications for new ones because they want to focus on the current lineup. They will reopen applications after 10 new council members join NAV Mini-App — In the previous Skycastle post, we discussed NAV as a separate mechanism — an “imaginary token support” system where the treasury value becomes higher than the FDV of $SKY — Previously, they only had a treasury contract available, but now they are developing the Skycastle Dashboard (a mini-app) together with @derekbrown. It will display NAV in real time, including vested positions, token warrants, partner holdings, and all incentive distributions The mini-app is now undergoing final updates and checks and should become available next week if nothing changes Social Partnerships — This month, Skycastle ran many social campaigns with their clients, distributing $SKY tokens. There are also ongoing campaigns with @tipnearn and DAU where you can earn $SKY — Last week, @0xbasil and @GSkrovina hosted a livestream with @11AMdotclub and ACID where they talked about the project, its idea, mission, and much more — which is great for attracting a new and interested audience, especially to $SKY Other Updates: • The team updated the market cap on Dexscreener, and it now displays correctly — 1/10 of the FDV. • Over $100k worth of $SKY has been distributed in various campaigns with clients and partners during this period. • The decision to invite 10 new members to the project’s Builder Circle has already been made, and the invitations will be sent out this week. I personally always keep an eye on the project and hold $SKY as one of my top positions in my wallet — and I don’t plan to touch it (for now). I also recommend that you start paying attention to this project, because it’s the future of the entire Farcaster ecosystem