Lemmy.World

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The World's Internet Frontpage Lemmy.World is a general-purpose Lemmy instance of various topics, for the entire world to use.

Be polite and follow the rules โš– https://legal.lemmy.world/tos

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Lemmy.World is part of the FediHosting Foundation

founded 1 year ago
ADMINS
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Reddit is killing blockchain-based Community Points::Citing scaling issues, Reddit is shutting down its blockchain-based Community Points in favor of prioritizing other rewards programs.

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Reddit is sunsetting its blockchain-based Community Points product, the company announced on Tuesday. A Reddit admin (employee) shared the announcement about Community Points, which uses the Ethereum blockchain, on a few subreddits, including r/CryptoCurrency (which had its own โ€œmoonsโ€ crypto token), r/FortniteBR (which had its own โ€œbricksโ€ token), and r/EthTrader (which had its own โ€œdonutsโ€ token).

The value of those tokens has, predictably, fallen off of a cliff, as CoinDesk reports drops of between 60 and 90 percent.

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