Crypto Needs to Reevaluate Content Ecosystem and Fair Participation
Recently, Nic Carter, the pioneer of smart contracts and co-founder of Castle Island Ventures, raised concerns on social media about the surge of low-quality content resulting from the combination of AI and incentivized platforms in the crypto space.
Incentive Models Fuel Content Bubbles
Carter specifically highlighted how platforms like Kaito, which reward users for posting content, are generating vast amounts of low-quality, often algorithmically duplicated information. This trend not only harms user experience but also erodes the authentic, grassroots interaction that once defined crypto communities.
Shift in Focus Leaves Retail Users Behind
As the industry pivots toward stablecoins and financial infrastructure, the narrative is increasingly dominated by institutional and venture capital interests. This shift has left retail users feeling increasingly disconnected, with fewer opportunities to engage meaningfully or achieve upward mobility.
Algorithmic Curation Marginalizes Niche Audiences
Carter also criticized X's algorithmic feed for amplifying mainstream content while making it harder for creators to reach their core audiences. This 'de-niching' trend limits the visibility of specialized crypto content and contributes to the homogenization of information.
Support for Spam Reduction and Industry Self-Regulation
He praised X for swiftly revoking API access from applications like 'InfoFi,' calling it a necessary step to curb spam and improve platform integrity. Carter urged the broader crypto community to take content quality seriously and to prioritize sustainable, healthy development over short-term growth metrics.