Reddit to reportedly tokenize karma points and onboard 500M new users -Breaking
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American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.
Reddit engineer Rahul has tweeted a series of messages. Highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. Cointelegraph revealed that the platform launched its own cryptocurrency initiative in July 2021. Arbitrum technology is used to roll up layer 2 in order to receive its reward pointsCommunity Points are the name of this program. AccordingTo the website:
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