Reddit Forms First Blockchain Partnership With Ethereum Foundation

By Abhimanyu Krishnan (via PublishOx)

On Jan. 28, Reddit formally announced a partnership with the Ethereum Foundation, with the goal of bringing Reddit closer to being decentralized. 

  • The collaboration, which is Reddit’s first-ever blockchain partnership, will see the two parties work closely to create scaling solutions, following the initial groundwork of using Ethereum for Reddit’s Community Points program
  • The first challenge that will be tackled is “bringing Ethereum to Reddit-scale production” i.e. the creation of an open-source scaling solution that can be used to support large-scale applications
  • The effort will be led by Reddit’s crypto team, which is currently on the hunt for more backend engineers
  • Reddit, a major hub of cryptocurrency discussions, has already worked with the Ethereum Foundation to trial solutions
  • Two tokens, MOONS, and BRICKS are being tested on the r/cryptocurrency and r/FortniteBR subreddits, with MOONS, in particular, seeing heavy usage among Redditors, already being traded on the market
  • The Reddit crypto team also has more developments lined up, which will be announced in the months to come

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