The InfoFi narrative faced a significant setback as projects like Kaito and Cookie announced the shutdown of their InfoFi-related products following a policy change by X. The change, announced by X product lead Nikita Bier, involves revoking API access for apps rewarding users for posting, which has led to a surge in AI-generated spam. This decision has caused token prices for these projects to drop by nearly 20%. Kaito plans to pivot by launching Kaito Studio, a platform for brands to collaborate with creators, moving beyond cryptocurrency. Meanwhile, Cookie has ceased its Snaps platform but is developing Cookie Pro, a real-time market intelligence tool for the crypto industry, set to launch in Q1 2026. Despite the collapse of the InfoFi narrative, the attention economy remains a key focus in the internet industry.
InfoFi Projects Kaito and Cookie Halt Operations Amid X API Policy Change
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