Reddit’s CoFounder Alexis Ohanian Is Convinced We Are in the Midst of ‘Crypto Spring’
- Reddit’s co-founder Alexis Ohanian has predicted a crypto spring remarking the real-life application of Blockchain solutions.
- He has attributed this to the technological prowess harnessed by the experts. Reddit is in the midst of beta testing its Community Points system to incentivize content creators on the platform.
Following recent cutting edge technological innovations Reddit’s co-founder, Alexis Ohanian has highlighted that the current digital fintech sphere is set for a crypto spring.
Despite insisting that he was keen on the technological advancements rather than the pricing, he mentioned BTC almost breaking the $10,000 ceiling. Further denoting that he wasn’t in a position to predict the pricing.
These comments were made to a media outlet in regard to the real-life solutions by Blockchain brought about by the current crop of technically superior experts.
“…And that to me is the most interesting part… We’re seeing really top-tier talent building on the infrastructure”
He also disclosed that he has a percentage of his wealth locked up in crypto and was, so far, impressed, hoping the sphere would not change much. He is convinced that this is a worthy gamble evidenced by the increased number of Wall Street bigshots acquiring Bitcoin.
“It’s interesting to see OGs of Wall Street now getting into crypto and buying bitcoin. It’s increasingly showing that it’s here to stay”
Reddit ‘Community Points’ Initiative.
Reddit is well on course into trying out an Ethereum based solution on their platform for incentivizing content creators. The tokens dubbed MOONS and BRICKS are to be leveraged by Cryptocurrencies and Fortnite users respectively to earn rewards based on their contribution to Reddit.
The two communities boast of a combined membership of over 2.3 million members. This is a cog in the larger Reddit initiative of community points.
The beta tests will run till the summer of 2020. The two tokens can be claimed in a new Vault feature on Reddit’s platform. The vault will also enable the users to view their points while creating new Ethereum wallets where the ERC-20 Tokens can be securely stored.
“After the feature leaves beta, Community Points will be migrated to the Ethereum mainnet. Point balances will be carried over (though will need to be reclaimed).”