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Vitalik: Firefly Can Address the "Network Effect" While Enhancing Social and Chat Experience
BlockBeats News, January 23rd, Ethereum co-founder Vitalik Buterin spoke at Space and said:
“I used Farcaster a lot in '23 and '24. I recently started paying attention to decentralized social media for two reasons. One is that I think the chat quality on Twitter is particularly poor and is not suitable to be the world's chat center, so we need more options. The other reason is 'network effect.' Perhaps your new product has better algorithms and better privacy protection, but if you don't have users, none of it matters.
Firefly has two features to overcome this dilemma. It is decentralized social media but also a multi-platform gateway. It can be a Twitter client or a Farcaster client. Users can use Firefly without leaving Twitter, solving the 'network effect' issue.”
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