Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
The father of smart contracts: supports X revoking access permissions to InfoFi application APIs; Kaito and other incentive-based content platforms generate a large amount of low-quality content.

The father of smart contracts: supports X revoking access permissions to InfoFi application APIs; Kaito and other incentive-based content platforms generate a large amount of low-quality content.

CointimeCointime2026/01/16 06:15

 Nic Carter, the father of smart contracts and co-founder of Castle Island Ventures, posted on the X platform stating that the incentive-based posts on platforms like Kaito combined with AI have generated a large amount of low-quality content. The early fun in the crypto tweet circle was grassroots competition, but the current industry growth focus has shifted to stablecoins and financial infrastructure, leaning more towards institutional and VC narratives, making it difficult for ordinary retail investors to feel the opportunity of "fair participation and turning the tables to get rich," resulting in decreased enthusiasm for participation. In addition, the X platform's "de-niche" design strengthens the "For You" recommendation, making it difficult for creators to reach their niche communities, reducing the chances of crypto professional content being recommended. Nic Carter added that the X platform has quickly responded by revoking the API access of the "InfoFi" application to reduce spam content on the platform, and he fully supports this approach.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

The Bank of Japan's interest rate hike still fails to impress the market! Hedge funds slash yen long positions by nearly 80%, while dollar long positions increase significantly

After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.

智通财经•2026/09/26 00:06

US Treasury yields continue to rise! Cleveland Federal Reserve President: Government and AI compete for funds, fueling rate hike expectations

Cleveland Federal Reserve President Loretta Mester stated on Friday that the recent sustained rise in long-term U.S. Treasury yields is the result of multiple factors working together.

智通财经•2026/09/26 00:01