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The Father of Smart Contracts: Supports X's Revocation of API Access for the InfoFi App; Incentive-Based Posting Platforms Like Kaito Generate a Large Amount of Low-Quality Content
Svmuu News: Nic Carter, the "father of smart contracts" and co-founder of Castle Island Ventures, posted on X that incentive-driven posting on platforms like Kaito, combined with AI, has generated a large amount of low-quality content. The early appeal of the crypto Twitter sphere lay in grassroots competition, but as the industry’s growth focus has shifted toward stablecoins and financial infrastructure—leaning more toward institutional and VC narratives—ordinary retail investors struggle to perceive opportunities for “equitable participation and rags-to-riches success,” leading to waning enthusiasm. Additionally, X’s “de-niche” design, which prioritizes “For You” recommendations, makes it difficult for creators to reach their niche communities, reducing the chances for specialized crypto content to gain visibility. Nic Carter added that the X platform has responded swiftly by revoking the API access of the “InfoFi” app to reduce spam on the platform, and he strongly supports this approach.
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