Stock Groups

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

[ad_1]


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 stated that the platform was in its seventh year of existence. It launched its layer-two rollupArbitrum Technology is used for the Community Points, its reward points. AccordingGo to this website