Reddit announced that it partnered with the Ethereum ecosystem. In order to build out scaling tools for the blockchain network.
Reddit continues to grow with over 50 million daily users and hundreds of thousands of communities. Moreover, the platform maintains a decentralized community by empowering users to create, manage and grow their own communities.
Through the partnership, the platform will increase the commitment to the blockchain, accelerate scaling and resources for the Ethereum ecosystem. Also brings the value and independence of blockchain technology to millions of Redditors.
However, the partnership initiated with the Scaling Bake-Off that Reddit hosted in their community with the Ethereum Foundation. In addition, Reddit decided to help accelerate the progress being made on scaling. Also launched large-scale applications like Community Points on Ethereum.
Added to this, last year Reddit started Community Points to provide more ownership and control back to users through decentralized technology. Even more, Community Points are presently in beta on the Rinkeby network and are being tested.
Moreso, the firm did not provide volume figures for how many points have been rewarded or redeemed to date. But the CryptoCurrency and FortNiteBR subreddits each produced more than a million users. Furthermore, Reddit is hiring blockchain engineers. Also, this indicates more job opportunities in the crypto and blockchain fields.
Reddit’s in-house Jarins from the crypto team 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