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.
On January 17th, PANews reported that Nic Carter, the "father of smart contracts" and co-founder of Castle Island Ventures, posted on the X platform, stating that the combination of incentivized posting and AI on platforms like Kaito has generated a large amount of low-quality content. He noted that the early fun of the crypto tweeting community lay in grassroots competition, but the current industry growth focus has shifted to stablecoins and financial infrastructure, favoring institutional and VC narratives. Ordinary retail investors find it difficult to experience "fair participation and the chance to get rich," leading to decreased participation. Furthermore, the X platform's "de-niche" design, emphasizing "recommendations for you," makes it difficult for creators to reach their niche communities, reducing the chances of professional crypto content being recommended. Nic Carter added that the X platform has responded quickly by revoking API access to the "InfoFi" application to reduce spam on the platform, a move he strongly supports.
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