Reddit partners with crypto exchange FTX to help users manage community points
Read Time:39 Second

Reddit partners with crypto exchange FTX to help users manage community points

0 0

Illustration by Alex Castro / The Verge

Reddit now lets users purchase Ethereum cryptocurrency on the platform through an integration with FTX, the crypto exchange owned by billionaire Sam Bankman-Fried. In a press release, FTX announced that Reddit users can now use the firm’s payment system, FTX Pay, when managing their blockchain-based community points.

Reddit first rolled out community points in 2020 as a way to reward users for interacting with a community. These points exist on the Ethereum blockchain and are stored in the “Vault,” a user’s blockchain-based wallet that also holds the collectible NFT (non-fungible token) avatars that Reddit introduced last month.

Reddit displays a user’s community points next to their username as a measure of their reputation, but also…

Continue reading…

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous post Photographer Fuses the Different Colors of the Sky Into Vibrant Stained Glass-Style Collages
Next post Scientists Discover That Many Cold-Blooded Creatures Do Not Age
Generated by Feedzy