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Nic Carter Backs X Removing InfoFi API Access, Criticizes Incentivized Posting

Castle Island Ventures co-founder, dubbed the father of smart contracts (self-executing blockchain code), supports X's removal of InfoFi app API (application programming interface) access and says incentivized posting platforms like Kaito can produce low-quality content when paired with AI (artificial intelligence).

KAITO

Summary

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Terms & Concepts
  • Smart contracts: Self-executing blockchain code that runs when preset conditions are met, enabling automated transactions without intermediaries.
  • API (application programming interface): Rules and tools that let software communicate; removing access stops an app from interacting with a platform’s services.
  • Incentivized posting platform: A service that pays or rewards users for content, which can encourage volume but may degrade content quality.