Reddit co-founder, Alexis Ohanian believes that the cryptocurrency market has currently entered spring. He described the crypto ecosystem as firmly sitting in crypto spring, emphasizing the increased growth of meaningful applications for blockchain technology.
Ohanian made this statement during an interview with Yahoo Finance which was published on May 23. He was of the view that, we are currently seeing crypto spring in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain. He added that, what interests him most is that the world is seeing really top-tier talent building on this infrastructure.
Ohanian also made a very interesting revelation when he said that he has held a percentage of his wealth in crypto for quiet sometime now. According to him, he still feels good about this decision and doesn’t want to change much of his crypto. Ohanian claims that the recent influx of OGs of Wall Street into crypto trading increasingly shows that it is here to stay.
Earlier in May, Cryptopress reported that Reddit had launched its ERC-20 token-based reward system dubbed “Community Points.” The project is currently launched on Ethereum’s Rinkeby testnet, with plans of migrating to the Ethereum mainnet by the end of the year.
The reward system is currently rolled out across 2 of the subreddit communities – r/CryptoCurrency and r/FortNiteBR, in the form of “Moons” and “Bricks” respectively. At press time, about 11,710 addresses have been created for Bricks, against 2,679 addresses for Moon.