Social platforms on the internet have always played a major role in the growth of the crypto industry. Social news aggregation and discussion website Reddit is a major player in this regard. The platform has been involved with cryptocurrencies since the inception of this technology. Now, it is taking a step further to partner with the Ethereum Foundation, a non-profit organization dedicated to supporting Ethereum and related technologies.
According to a post on the r/Ethereum subreddit by jarins, one of the admins, Reddit, with over “50 million daily users and hundreds of thousands of communities” has partnered with Ethereum foundation, marking it as its first-ever blockchain partnership.
The partnership denotes how Reddit “will be increasing our commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem, and bringing the value and independence of blockchain technology to our communities and millions of redditors.”
“Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum. The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use,” the announcement continued.
As previously reported, Reddit has been working to introduce two Ethereum-based tokens for two of its subreddits, r/Cryptocurrency, and r/FortNiteBR. The tokens, MOON and BRICK, will be used as “community points” for either of the subreddits and is a part of Reddit’s larger push these tokens as community rewards and as an in-community currency for its thousands of subreddits.
As such, the recent partnership was the result of a contest dubbed the Scaling Bake-Off, organized by the platform in collaboration with Reddit where it invited Ethereum scaling projects to use their scaling solution to help bring Community Points to mainnet by finding a solution that supports thousands of Community Points users on mainnet and can ultimately scale to all of Reddit.
Reddit is hiring Blockchain engineers
Besides, the announcement also noted that Reddit’s in-house crypto team is looking to expand. Jarins wrote:
“We are currently hiring great backend engineers who want to build the decentralized Internet. If you’re interested in solving tough problems like scaling and bringing blockchain to millions of users, send me a PM or apply directly on Reddit’s careers page — we’d love to talk to you!”