The popular Internet forum Reddit plans to convert users’ karma points into ERC-20 tokens. The management also hopes to attract 500 million cryptocurrency users.
Previously, Reddit has already used the Arbitrum solution to scale the community token system, but now it is planned to transfer to tokens and “karma points”. About this on the social network Twitter reported a newly hired engineer under the alias Rahul.
“There are certainly great ways to monetize where everyone wins. For example, when users will be able to receive tokens for content curation. When we launch the new feature, we will bring 500 million web2 users to our web3. I repeat – 500 million new users of cryptocurrencies, ”writes Rahul.
In addition to the community token system and karma point tokenization, Reddit is developing its own Collectible Token Trading (NFT) platform. The platform will help forum users express their creative skills and earn money from content creation.
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