Great read on the state of decentralized social by
@df
Enjoyed the opportunities section in particular as it's given me a lot to think about.
The closing thoughts are a good summary but it's well worth the full read:
"Farcaster got more things right than any crypto social project before it. The team was world-class. The product was genuinely good. And still, it wasn't enough.
That's the brutal reality of building networks: you can do almost everything right and still not win. The timing, the market, the network effects—sometimes they just don't converge.
To the builders still in the arena: the problems are hard, but they're worth solving. Decentralized social isn't dead, it's just a hard problem that we haven't solved yet, and AI is accelerating our ability to experiment and try new solutions."