Several “InfoFi” crypto projects are collapsing after X announced it will no longer allow applications that pay users for their posts on the platform.
“These projects were paying us millions for access to the Enterprise API. We don’t want that.”
If you’re involved in the #Kaito project, get out Elon has just killed their revenue model.
But is this the end of InfoFi? I don’t think so. Projects will need to build their own ecosystems, like Binance’s CreatorPad, which is completely independent of X.
As I often say, #Binance has been anticipating things in its designs from the very beginning.
So, don’t worry.