In a groundbreaking move that could reshape the social media landscape, Reddit co-founder Alexis Ohanian has officially joined Project Liberty’s consortium to acquire TikTok’s US operations. Ohanian joins this consortium with a revolutionary vision of decentralizing the platform through blockchain technology. The Alexis Ohanian involvement was first reported by Reuters
Alexis Ohanian, co-founder of Reddit, has put forth a notion that blockchain technology and artificial intelligence (AI) might collide. The tech entrepreneur claims that artificial intelligence and blockchain are on the cusp of a “collide” that will lead to mutual reinforcement. He elaborated by saying that the connection between the
A U.S Federal Trade Commission (FTC) investigation into Reddit’s data licensing policies for AI training has begun. In the midst of getting ready for its highly anticipated initial public offering (IPO), the firm is being investigated. A revised Form S-1 registration statement was filed with the U.S. SEC by Reddit
Along with corporations like Elon Musk’s Tesla and Michael Saylor’s MicroStrategy, Reddit is one of the few that has directly bought digital assets, having put some of its surplus income in bitcoin (BTC) and ether (ETH). The social networking platform applied to the U.S SEC to list on the New
In a landmark move, the team behind Reddit’s community-driven cryptocurrency, r/Cryptocurrency, has declared the renouncement of its native token, MOON, signaling a pivotal shift toward complete decentralization. The decision, detailed in an official blog post, is slated for finalization by month-end, permanently rendering the MOON contract immutable. This move ensures
Reddit is discontinuing its Community Points program, a blockchain-based initiative aimed at rewarding creators and developers, in favour of focusing on more easily scalable rewards programs. To be precise, Community Points were introduced in May 2020 to incentivize positive engagement in specific subreddits and elevate the quality of content on
On Monday, Kraken, a cryptocurrency exchange, began trading in MOON and BRICK tokens, the native currencies of two Reddit groups. CMC reports that the value of r/CryptoCurrency (Moon) has climbed by 42% in the last day to $0.42, while the value of r/FortNiteBR Bricks (Brick) has increased by 117% to
With over 18 million Polygon-based Collectible Avatars created over the last year, Reddit has swiftly become one of the largest brands related to NFTs, and it has now released another intriguing collection. The fourth generation of Reddit’s Collectible Avatars, dubbed “Retro Reimagined,” debuted today. It features hundreds of artists’ takes
Reddit users’ native token, Moons, has seen a meteoric rise in value after being listed on the crypto exchange Crypto.com. CMC reports that the trading price of a token is $0.48, up 67% in the last 24 hours. On Monday, after hearing that Kraken, a cryptocurrency exchange, was contemplating listing
Users of the Reddit subreddit r/CryptoCurrency saw a significant increase in the value of their native token, r/CryptoCurrency Moons (MOON), on Monday after hearing rumors that Kraken, a cryptocurrency exchange, could list Moons. According to CMC, the token’s price increased by 72 percent in the last 24 hours, bringing it
