Recently, significant news has emerged in the Web3 social domain. According to multiple sources, the Firefly social protocol, originally developed by the Mask team, has officially announced its independence. Currently, Firefly has completed its separation from the Mask team in terms of personnel configuration and financial management.

Insiders predict that the Firefly team may soon announce key information such as financing status and token economics model. It is worth noting that just a few weeks ago, the Towns platform, which is also in the Web3 social track, announced its token issuance plan, which undoubtedly brings new highlights to the entire industry.

The Firefly protocol was initially launched by the Mask team in 2022, and its unique concepts and technological implementations have attracted multiple attentions and interactions from Ethereum co-founder Vitalik Buterin. The founding team of Firefly has previously hinted several times that they will promote the further development of the project through community incentive mechanisms.

The independent spin-off of Firefly not only marks the project's entry into a new stage of development but also reflects the increasingly fierce competition in the Web3 social space. As more and more innovative projects emerge, both users and investors are closely watching this promising market.

With the upcoming announcement of Firefly's financing and tokenomics information, there is a widespread belief in the industry that this will inject new vitality into the Web3 social ecosystem. At the same time, this may also trigger a new round of discussions on how to build sustainable social network models in a decentralized environment.