According to reports, Reddit will tokenize karma points and add 500 million new users.

  • American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.
  • A series of tweets made by Reddit engineer, Rahul, highlights Reddit’s efforts to improve user interaction through various cryptocurrency initiatives.
  • Reddit’s partnership with Offchain Labs’ Arbitrum network will allow for the creation of a separate blockchain instance, to be used for storing users’ tokenized community points.
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