Vitalik Buterin Believes Farcaster is Better than

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  • Ethereum co-founder Vitalik Buterin has hailed decentralized social media platform Farcaster
  • Buterin noted that Farcaster’s operating model is better than that of similar platform
  • Buterin believes that Farcaster’s popularity will live for long unlike that of that was short-lived

The recent rise of blockchain-based social media platform Farcaster has caught the attention of Ethereum co-founder Vitalik Buterin. In an X (formerly Twitter) comment, Buterin hailed the decentralized platform noting that its operating model is different from that of, a similar platform whose popularity was only short-lived. Buterin predicted that, unlike, Farcaster is here to stay, an observation that’s likely to boost the platform’s usage.

Financial Speculation Isn’t a Good Strategy

Responding to a tweet lamenting the collapse of, Buterin said that used “financial speculation” to lure people to the platform, a strategy that turned against it when the incentives were insignificant.

According to Buterin, Farcaster and another platform called Lens aren’t incentivizing users with financial promises hence increasing their survival rates among blockchain-powered social media platforms.

Unlike that enabled the trading of social media profiles, Farcaster boasts of multiple social media applications that mimic the operation of conventional apps but with an extra touch of privacy and censorship resistance.

An example of a popular Farcaster app is Frames which allows users to play games and purchase NFTs all within the app. Frames has contributed to Farcaster’s usage rising by over 13 times last week.

Social Media + Financial Speculation Can Work Together

The X post’s creator somewhat differed with Buterin’s view, saying that it’s too early “to write off the concept of a social network deeply tied to money/speculation.” Others noted that “was more fun than Farcaster.”

At one time, developers threatened to withhold benefits for users abandoning the protocol for similar platforms in a bid to breathe new life into the platform.

With Buterin seemingly endorsing Farcaster, it’s to be seen whether his prediction will bring more people to the platform.