The world-famous social media platform Reddit announced that they have reached an agreement with FTX Pay for Community Points.
One of the popular social networks redditin the past years Community Points (Community Points) feature was published. The Reddit platform allows users to interact more, just as DAO(Decentralized Autonomous Organization) to participate in the voting and to tip each other He had resorted to such a way to encourage it. However, considering this long-term, the platform did not see this update as sufficient, and wanted to increase scaling within the scope of these local tokens.
In this direction Arbitrum Collaborating with the Reddit platform, the Ethereum mainnet has started the update work. Announcing a new collaboration some time after the Arbitrum scaling came into effect, Reddit said, For Community Points transactions FTX Pay announced its agreement with
With this new infrastructure integration, users will be able to pay Ethereum transaction fees using stable currencies. President of FTX Ventures Amy Wu He made the following statements about the cooperation in question:
They need Ethereum for transaction fees that allow users to transact with Community Points on the chain, and FTX Pay enables them to do so.
Community Points can be redeemed on subreddits like r/cryptocurrency and r/fortnite. Cryptocurrencies, while integrating into global communities, offer many alternative uses for both users and corporate companies. In the coming period Meta and Instagram It seems possible that social media platforms that appeal to large audiences such as these can enable such community-based crypto money integrations.
The official statement on the FTX blog ends with these sentences:
We’re excited to help bring Reddit’s vision to life, enabling communities to break free from walled structures and reclaim their online presence. We welcome you to check your Community Points!