Father of smart contracts: Supports X revoking InfoFi application's API access permissions, Kaito and other incentive-based posting platforms generate大量低质内容

Odaily Planet Daily reports that Nic Carter, the father of smart contracts and co-founder of Castle Island Ventures, posted on the X platform stating that incentivized posts on platforms like Kaito, combined with AI, have generated a large amount of low-quality content. The early fun of crypto tweeting was rooted in grassroots competition, but the current industry growth focus has shifted to stablecoins and financial infrastructure, leaning more towards institutional and VC narratives. Ordinary retail investors find it difficult to feel the opportunity of “fair participation and reverse wealth accumulation,” leading to decreased enthusiasm for participation. Additionally, the platform’s “de-niche” design with “For You” recommendations makes it difficult for creators to reach their niche communities, reducing the chances for professional crypto content to be recommended. Nic Carter further added that the X platform has responded quickly by revoking the API access for the “InfoFi” app to reduce platform spam content, and he strongly supports this approach.