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DeFi Teddy
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Cooking @biteyecn @Chaineye_tools AI&Web3 Researcher
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DeFi Teddy
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Two major Web3 social media giants have been acquired: Lens was taken over by Mask Network, and Farcaster was acquired by Neynar. Here are three points I want to make: 1. Founders must focus: Stani was simultaneously developing DeFi and social protocols, two products with completely different characteristics. You can't do two things at once; ultimately, you have to return to Aave. 2. Large VC funding rounds don't create product-market fit (PMF): Farcaster raised $180 million; a lot of that investment is likely to be wasted. 3. Users brought in by airdrops aren't real users: Driven by the anticipation of airdrops, crypto users migrated from Twitter to Lens, a phenomenal success. But how many remain today? Now it's up to @suji_yan to lead @thefireflyapp and @LC to carry the banner of Web3 social media.
vitalik.eth
@VitalikButerin
01-21
In 2026, I plan to be fully back to decentralized social. If we want a better society, we need better mass communication tools. We need mass communication tools that surface the best information and arguments and help people find points of agreement. We need mass communication x.com/14781099754068…
MASK
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