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Reddit co-founder believes we’re in “Crypto Spring”

May 24, 2020

Reddit co-founder Alexis Ohanian has called the well-established virtual currency ecosystem “crypto spring”.This underscores the strength of development in relation to key applications of blockchain technology.

In an interview with Yahoo Finance released on May 23, Ohanian said: “We are really seeing a crypto spring right now for senior engineers, product developers, designers who are developing real blockchain solutions.”

“We really see top-notch talent building on this infrastructure […] and that’s the most interesting part for me, “he added.

Crypts are here to stay

Reddit co-founder believes we’re in “Crypto Spring”
Reddit co-founder believes we’re in “Crypto Spring”

Ohanian revealed that he “has maintained a percentage of [su] Wealth of cryptocurrencies for quite some timeand added, “I still feel pretty good about it, I don’t want to change much about it.”

Reddit co-founder describes crypto assets as “prudent coverage”, emphasizes:

It’s interesting to see how Wall Street OGs are now entering crypto and buying Bitcoin. More and more shows that it stays here.

Reddit to launch tokenized rewards on Ethereum

Earlier this month, Reddit has launched its crypto-based Community Points reward system in Ethereum’s Rinkeby (ETH) test networkannounces plans to switch to Ethereum’s core network by the end of the year.

The points were made available from May 13th to 15th via r / Cryptocurrency and r / fortniteBR in the form of “Moons” and “Bricks”.

So far 11,710 addresses have been created for bricks, compared to 8,666 on May 17th. 2,679 editors signed up for Moon Wallets last week, 2,073.