As the InfoFi market matures, it is diverging into two distinct development paths. One path focuses on content arbitrage, pursuing high engagement and short-term token rewards, with early platforms like Galxe being representative. The other path is moving towards reputation infrastructure, with platforms like Kaito AI and Cookie DAO adjusting their models to reward sustained contributions and verified information quality, rather than simply chasing output. This divergence signifies a correction to the early stage filled with spam information, with the reputation infrastructure direction aiming to build longer-term, more reliable value by integrating reputation systems into decision-making processes such as prediction markets.