Father of Smart Contracts: Supports X's Revocation of InfoFi App API Access, Incentive-Based Posting Platforms Like Kaito Generate Massive Low-Quality Content

Odaily News Nic Carter, known as the father of smart contracts and co-founder of Castle Island Ventures, posted on the X platform stating that incentive-based posting on platforms like Kaito, combined with AI, has generated a large amount of low-quality content. The early appeal of the crypto tweetosphere lay in grassroots competition, whereas the current industry growth focus has shifted towards stablecoins and financial infrastructure, leaning more towards institutional and VC narratives. Ordinary retail investors find it difficult to sense opportunities for "fair participation and turning the tables to get rich," leading to a decline in their enthusiasm for participation. Furthermore, X platform's "de-niche-ification" design, which strengthens the "For You" recommendations, makes it difficult for creators to reach their niche communities, resulting in fewer opportunities for professional crypto content to be recommended. Nic Carter added that the X platform has already responded quickly by revoking the API access of the "InfoFi" application to reduce platform spam, and he strongly supports this approach.