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155 - The Rise of Decentralized Social Networks with Farcaster’s Dan Romero

Bankless

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Decentralized Networking: A Protocol-Centric Vision

This chapter explores the potential of a protocol-centric approach to decentralized social networks, emphasizing the need for diverse client applications that drive user engagement. It contrasts the limitations of traditional social media platforms with the innovative opportunities presented by protocols like Farcaster, highlighting the importance of user choice and competitive innovation. Additionally, the chapter discusses the future of decentralized governance, sustainable revenue models, and the technical mechanics that support a user-friendly decentralized ecosystem.

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