a16z Crypto Partner: Early-stage projects need to have clear stakeholder groups, and Farcaster has an advantage in user diversity

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On September 17, Jane Lippencott, partner of a16z Crypto, spoke at FarCon Asia, the first large-scale offline Farcaster ecosystem event in Asia, at a roundtable on “Building a Decentralized Social Network – Opportunities and Challenges”:

For early projects, a united community may be needed to gain initial traction, and the quality of the community's content is also very important. Only when the project has very clear stakeholders in this field, and their connections are coherent and high-quality, will the project have a stronger sense of attachment and higher usage.

I personally think that user diversity is very important, and if you look at what Twitter has achieved, you'll see that they have the potential for user diversity. I agree that users don't necessarily care if they own their data, but I think users can gain a lot of benefits if their data is owned by a network and can be accessed through different client experiences. I think what's more important is the experience that any developer can build using the network. The Farcaster ecosystem does this very well.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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