#ReddittoExpandPointsWithEthereumFoundation

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Reddit to Expand Points With Ethereum Foundation

https://www.youtube.com/watch?v=PoyTEMUwDy8 Key Takeaways - Reddit has announced plans to work with the Ethereum Foundation to scale up its points system. - Community Points were introduced to two subreddits in May 2020. - Blockchain initiatives are underway at other social media companies as well, including Facebook and Twitter. Share this article Social media site Reddit is partnering with the Ethereum Foundation to scale up its Community Points infrastructure. Reddit Embraces Ethereum Reddit says that through the partnership, it “will be increasing commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem , and bringing the value and independence of blockchain technology to millions of redditors.” The company notes that its collaboration originated with its Scaling Bake-Off, which began in June 2020. That effort sought to use blockchain to handle the site’s community points system. Twenty-two blockchain projects submitted proposals to the site. Eventually, Ethereum-based points were introduced to two subreddits: r/CryptoCurrency and r/FortNiteBR. Points represent each user’s ownership in a community and serve as rewards. Today’s announcement suggests that Community Points will be expanded across Reddit, and that the tools used to introduce these features will be open-sourced for the public. However, the company’s precise plans and its timeline are still unclear. Read the full article