"FTX Partners With Reddit For Crypto Integration." - This aged well.

Do you remember this?

In the US, EU, Australia, and other international markets, FTX, once a prominent, regulated cryptocurrency corporation, announced an interface with Reddit's Community Points.

To assist users in registering for Community Points, the cooperation includes the integration of FTX Pay as a white-label payment and exchange solution.

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Reddit's blockchain-based community points system, which was introduced in 2020, rewards users based on the quality of their posts. In order to improve its scaling, community points were transferred to Arbitrum in 2021.

The reputation of people in their communities is measured by Reddit Community Points. They are displayed next to usernames in subreddits, making the most significant contributors to the community stand out from the others.

Users can take their reputation anyplace they are recognized on the Internet since Community Points are on the Arbitrum Nova blockchain.

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The most popular social media site for many retail investors and the go-to source for cryptocurrency news is Reddit. The fact that cryptocurrency was the most popular subject on Reddit in 2021 lends credence to this.

“We’re excited to partner with Reddit to continue their work to empower online communities to harness the power of blockchain. FTX Pay’s payment and exchange infrastructure integrates with Reddit Community Points, making the customer experience a more seamless process.” said Sam Bankman-Fried, CEO of FTX.

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Thank God, FTX collapse didn't ruined Reddit and Moons.

What are your thoughts on this?