You’ll never beat Twitter by recording, says Farcaster co-founder.

You'Ll Never Beat Twitter By Recording, Says Farcaster Co-Founder.



Launching into popularity last week, a decentralized social media protocol Farcaster It joins several growing Twitter alternatives: both. On the chain And Off the chain– who wants to dethrone Twitter.

What do the founders of Farcaster think about the competition? not much.

(Video by Rag Radio creator Benjamin White.)

“I don't think there's anything that works like a Twitter alternative,” said Farcaster co-founder Dan Romero. Decrypt.

bybit

In Romero's view, many Twitter killers fail because they don't see themselves as replacements for existing services.

“If you're playing the same game as Twitter, you're not going to win,” he said. “The most famous example of this is meta: with its resources and distribution; [Threads] He doesn't make teeth. Public discussion is still taking place on Twitter in the form of that Twitter.

Farcaster has lofty ambitions, no doubt. Romero frequently talks about his goal of reaching one billion daily active users (currently more than 160,000 subscribers, according to Dune). But building a social media service as ubiquitous as Twitter, Romero is convinced, requires rethinking the social media paradigm.

“What we're doing with Farcaster is trying to build something new and different,” Romero said. The way we try to do this is by building the largest community of developers.

The best innovation that put Farcaster on the map two weeks ago, Frame – a feature that allows users to play games, play NFTs and make purchases while staying in their social media feed – caught fire and quickly evolved, with Farcaster's popularity among the blockchain booming. Developers, Romero They spoke Decrypt.

Jesse Pollack, creator of Coinbase's Ethereum Layer-2 network basis, sees things in the same way. The lion's share of Frames on Farcaster is on the base network, which shares the same developer-first ethos.

“I think the research they had around the developers was evident,” Pollak said. Decrypt. “And that's our thesis: If we attract amazing developers and give them great tools, they'll build amazing things that we can't even imagine. And this is what leads to millions and millions and billions of people on the chain.

As Pollack sees it, despite the glut of companies — public and private, established and startups, Web2 and Web3 — jostling to fill the void created by Elon Musk's divisive stewardship of Twitter, Farcaster is uniquely positioned to beat them all. went out.

“I now see Farcaster as the market leader,” he said. “What's different is the frames. An open application platform that's being built around frameworks—that's something that none of the other platforms or ecosystems have.”

“Maybe [the competition] He tries and imitates or copies,” Polk continued. But I'm very bullish on Farcaster's ability to grow and attract the best developers.

Edited by Andrew Hayward.

Stay on top of crypto news, get daily updates in your inbox.

Leave a Reply

Pin It on Pinterest