Reddit is looking for ways to use blockchain to expand its services, and ensure that people are able to freely express themselves.
The company has shown interest in blockchain in the past when it planned on introducing its own cryptocurrency to reward its users for engaging with the platform in March of 2020 and later in August when it launched the Scaling Bake-Off competition.
The popular online forum is working with the Ethereum Foundation to develop open-source scaling solutions for its platform. Many people are looking for new ways to store data, and Ethereum offers novel technology for a range of industries.
This competition allowed the Ethereum community to submit proposals on how to improve Reddit’s crypto rewards program, with projects like OMG, Matic, and Solana taking part in it.
Reddit’s Interest in Cryptocurrency isn’t New
While this event showed the interest that Reddit had in rewarding its user with crypto for creating quality content and engaging with the community, there had not been official partnerships announced until now.
Reddit’s experimentation with its own token has been limited to the r/Cryptocurrency and r/FortNiteBR subreddits, which is less than 1% of the total user base.
Now, Reddit has made its partnership with the Ethereum Foundation official in what seems to be aimed to take the next steps on the adoption of the reward program to the entirety of the platform.
Bringing Ethereum to Reddit-Scale Production
With this new partnership, Reddit is renewing its commitment to the blockchain to help Ethereum grow its development ecosystem while also escaping the rewards program introduced in the forums back in 2020.
A specialized team has been formed by Reddit to take care of everything related to cryptocurrency. As so, the company is currently looking for individuals interested in participating in the creation of “the decentralized Internet” and “bringing blockchain to millions of users.
According to “jarins”, a member of Reddit’s…