Stock Groups

Reddit to reportedly tokenize karma points and onboard 500M new users -Breaking


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’s engineer Rahul tweeted several tweets. Highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives. Cointelegraph stated that the platform was in its seventh year of existence. Amended its Layer-two RollupArbitrum technology used to create its Community Points rewards points. AccordingTo the website: