I think this guy is being a bit cavalier with his bot classifications. A lot of those accounts seem like real people who just post dumb NFT memes (and yes, that is the majority of Farcaster users), but that doesn't mean that they're bots. 

As a whole, I definitely think that this is way overvalued, but you have to remember that I'm sure this investment comes with a sizable allocation of their Wrap-token shitcoin, so in all likelihood, the investor will probably end up making a bag. It isn't very difficult to get a coin up to a 1B+ market cap in the world of crypto, and Farcaster is legitimately popular over there. 🤷‍♂️