X Platform Reveals 6 Major Updates in 10 Days, Affecting the Crypto Community

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
X Platform announced six major cryptocurrency updates over a 10-day period, including open-sourcing its algorithm and introducing smart asset tags for in-platform trading. The revised API policies now prohibit "InfoFi" incentives, as part of broader cryptocurrency policy updates. Other changes include new creator revenue calculation methods, a "Getting Started" tool for new users, and the addition of a meme section to the "Global Trends" page.

BlockBeats News: On January 22, under the leadership of its new product head Nikita Bier, the X platform released a series of updates that have significantly impacted the crypto community. BlockBeats summarizes them as follows:


· On the 11th, Nikita Bier posted that "encrypted tweets are self-destructively dying out, and tweets with encrypted topics have been de-prioritized and restricted by the platform," which triggered strong dissatisfaction from the crypto community.Subsequently, Musk announced the open-sourcing of the platform's algorithm (officially released on the 20th).


· X platform announced that it is currently developingSmart asset tags, allowing users to directly trade financial assets on this platform in the future.The V1 version of X's smart asset tags is expected to be launched within the next month. Additionally, Nikita Bier revealed that the API used by X's smart asset tags will be able to process almost anything minted on-chain in near real-time. Some low-market-cap crypto assets that have not yet been listed on major trading platforms will also be searchable, without the need to switch to a DEX.


On January 15, Nikita Bier stated, "X is revising its developer API policies: apps that reward users for posting on X (so-called 'InfoFi') will no longer be allowed. These mechanisms have generated a large amount of low-quality AI content and reply-based spam on the platform.Affected by this, the prices of related projects Kaito and Cookie tokens sharply declined in the short term, and the project development direction will also undergo significant changes.


On the 19th, regarding the revenue controversy sparked by DAN KOE's X user long-form post that exceeded 100 million views, Nikita Bier clarified, saying that...X Creator earnings are based solely on the number of views from the home timeline; replies are no longer included in the revenue calculation.


On the 21st, X launched a new tool called "Getting Started Kit," designed to help new users find accounts that best match their interests.Based on historical traffic performance, this tool has summarized top accounts across various industries and regions.The cryptocurrency industry's CZ, Vitalik, and Justin Sun made the list.


· New addition to the "Global Trends" page on the X platform Meme Section CategoriesGlobal netizens can post various interesting internet memes, funny videos, and other content in this section. Users can also learn about the current mainstream internet memes through this page. Some analyses suggest that in the future, certain meme coins may rely on this feature for their issuance and dissemination.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.