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It turns out that these meteor fragments contain something called Crystite, an element with boundless energy potential. Using Crystite, the human race is able to overcome the aftermath of the meteor's impact and create spaceships capable of reaching Alpha Centauri, the origin of the meteor. A colony is established on Alpha Prime to mine Crystite and ship it back home. But that's not what Firefall is about.
Fearing rebellion from the colonists, which would cut off the supply of precious Crystite, the united governments of Earth develop something called "arcfolding" - a technology that allows matter to be transported between planets in a matter of months, rather than years. However, the test flight of the first city-sized arcfolding craft, the Arclight, goes horribly wrong and it crashes into Brazil, wiping out millions. But that's not what Firefall is about.
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