Summary
Twitter is set to charge academics $42,000 a month to use its Decahose data service, which enables researchers to access about 10% of live tweets in real time. Under the new rules, institutions will have to pay the enterprise fee, with access to data then dropping to 0.3%. Critics have suggested that the move could damage research efforts in areas such as human trafficking, cryptocurrency and financial scams, and could limit exploration of election misinformation on Twitter. The changes follow the purchase of Decahose by billionaire Elon Musk, who recently helped launch Florida Governor Ron DeSantis’ bid for the US presidency.
Twitter recently announced that it is launching a new API access plan that will cost $42,000 per year for full access. This plan will limit the number of requests and the amount of data that users can extract from the social media giant’s platform. While this announcement may not seem alarming to most people, it could have far-reaching consequences for researchers and developers in the crypto space.
The new API access plan could harm crypto research because Twitter is a vital source of information for researchers and developers in this space. Twitter has become a platform where people discuss the latest trends, news, and events in the crypto world. This platform is a goldmine for crypto researchers who rely on Twitter data to track market trends, follow the latest news, and monitor sentiment.
By limiting the amount of data that researchers can extract from its platform, Twitter could make it difficult for researchers and developers to do their job. Crypto researchers specifically rely on Twitter data for sentiment analysis, which is a crucial component of market analysis. Without access to this data, researchers will find it difficult to track market trends, monitor sentiment, and predict future price movements.
The $42,000 access plan could also make Twitter less accessible to smaller players in the crypto market. Many small developers and startups in the crypto space cannot afford to pay such a high fee. By limiting access to Twitter data, these small players will find it harder to compete with established players who can afford the fee.
In conclusion, Twitter’s new API access plan could harm crypto research in several ways. By limiting access to its platform, Twitter may make it difficult for researchers and developers to track market trends, monitor sentiment, and make predictions. Additionally, smaller players in the crypto market may find it harder to compete with established players who can afford the fee. Overall, this announcement raises concerns about the future of crypto research and development.
Original Source: cointelegraph.com
