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Reddit's Community Points: "Step into the crypto future"

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by COINS NEWS 80 Views

While trying to access my vault on desktop, I stumbled on a page I'd never seen before. Instead of showing a vault, it showed me the Community Points Beta, where you can sign up for your subreddit to receive Community Points. Though I don't think the page was created recently, I did a bit of reading and it's so interesting to see Reddit's goals for crypto laid out so clearly.

One page, entitled Future, reads like this:

Step Into the Crypto Future

Communities are the lifeblood of the Internet. But on today's Internet, they are not in charge of their own destiny. Instead, they are controlled by the large platforms that hold all the power online. It is time for a change.

Community Points are the first step towards a different future for online communities. These tokens live on the blockchain, which means they are truly owned by the community. Over time, your community will benefit from even greater control and independence β€” on and off of Reddit.

Another touts the benefits of using Community Points, stating that you can use them to "purchase Special Memberships, which give users access to community-themed badges, highlighted usernames, and the ability to embed rich media in their comments".

On the Future page, they even show a little illustrated story about the internet and how they see it evolving with regards to Community Points and rewarding user interaction. They specifically characterise it as "breaking free", "taking back control" and reawakening "the dream of a free internet". Pretty lofty goals.

This is all incredibly exciting and Reddit really could change the game with casual crypto adoption, web3 and the like. And to think, it all started with our humble Moons!

submitted by /u/reaglesham
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