Here is a summary paragraph covering the key points of the text:
Effect is a powerful TypeScript framework for building type-safe, composable, and maintainable applications. It helps manage errors and side effects in a unified framework, providing a safer way to code without handling exceptions. Effect allows creating effects that succeed or fail, composing them using `pipe` or generators, handling errors with `catchAll` or `catchTags`, and retrying operations using the `retryOrElse` method. With its built-in logging system and dependency injection capabilities, Effect enables developers to build complex functionality in a type-safe way, making it an attractive solution for managing side effects and errors in applications.