Kaito Token Drops as X Bans InfoFi Crypto Projects After API Policy Change
The Kaito token has experienced a price decrease following a policy revision by X (formerly Twitter) that prohibits InfoFi crypto projects from utilizing its API. According to reports, the product lead at X stated that InfoFi activities have resulted in a significant amount of AI-generated content and spam replies on the platform. The policy change and its impact on projects like Kaito highlight the evolving relationship between social media platforms and the cryptocurrency industry.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.