Ethereum co-founder Vitalik Buterin has praised the new image compression method Token for Image Tokenizer (TiTok) for its potential on the blockchain. Not to be confused with the social network TikTok, TiTok significantly reduces the size of an image, making it more suitable for storage on the blockchain. Buterin noted TiTok's potential on the blockchain on decentralized social platform Farcaster, saying: "320 bits is essentially a hash. Small enough to go down the chain for every user." 📉