Earlier this month, the popular online community Reddit launched two types of Ethereum-based cryptocurrency tokens to its users.
The token specifically designed for players of the pop culture phenomenon video game Fortnite has already grown to over 10,000 users since it rolled out just one week ago.
New Ethereum Reddit Tokens Amass Over 10K Users In One Week Since Rollout
There are several barriers standing in the way of cryptocurrency adoption. Ease of use, confusing cryptographic wallets, accessibility, and unfamiliarity are all preventing further growth of the technology.
However, another widely adopted technology could be helping to push crypto adoption along.
Online community platform Reddit last week launched two new Ethereum tokens for specific online communities in what the company is calling a pilot to test a new user-generated reward system based on cryptocurrencies.
RELATED READING | BITCOIN HAS BEEN PROFITABLE FOR OVER 95% OF ITS EXISTENCE
Reddit hopes that the crypto asset replaces the karma system eventually, or compliments it by encouraging even more quality content and better moderation through rewards that have actual value.
The tokens aren’t mined but rewarded to early users based on activity in the community. Once all tokens are distributed, that’s it – it is then up to Reddit users to create value using the tokens by awarding them to other users, selling them, etc.
One token, called Moons, was specifically designed for the cryptocurrency community. The other, which has shown even more popularity, is called Bricks and focuses on the popular online multiplayer video game Fortnite.
Tech Savvy Gen Z and Millennials Like Fortnite Gamers Are Key to Crypto Growth
It’s the Fortnite community that has more actively embraced the crypto token, but why? It could be as simple as a familiarity with digital representations of dollars that makes crypto seem like second nature.
In Fortnite, accounts are denominated in a digital value called V-Bucks. Gamers use this to make in-game purchases.
Gamers have long become used to in-game currencies or even paying for games themselves digitally using monetary systems that are completely made up by console manufacturers. For example, Xbox gamers now pay with dollar amounts but were first introduced to Xbox LIVE using random valued Microsoft Points.
RELATED READING | MOST IMPORTANT CHART EVER? BITCOIN S2F COMBINED WITH REDDIT RAINBOW CHART EMERGES
Even dating back to the 1980s with gamers playing Super Mario for the first time, the most iconic video game character in the world risks his neck to pick up even more coins.
This younger, tech-savvy generation that has grown up around tech, the internet, and digital currencies of all types, will have the easiest time adapting to the future of crypto adoption. For the boomers and everyone else who doesn’t yet understand the tech, well, they may be left behind as the future moves increasingly towards digital dollars and contactless payments.
Featured image from Shutterstock. origin »
In a bid to onboard its 500 million monthly active users into Web 3, the American social media platform Reddit is working on converting users’ karma points into Ethereum-based (ERC-20) tokens.
The post Reddit could onboard 500 million crypto users with new Ethereum tokens appeared first on CryptoSlate.
Last month, as reported by NewsBTC, leaked screenshots suggested that Reddit was dabbling in Ethereum. Information shared by a user named “MagoCrypto” indicated that the giant social media forum with hundreds of millions of active users had attached an Ethereum address to the accounts of a limited set of users. Mago suggested that from the...
A software developer recently launched a new Simple Ledger Protocol (SLP) tipping bot for Telegram chats that allows anyone to tip any SLP token using the application. The developer and Reddit user ‘Maxwell10206’ revealed the platform on Monday and people can join the Mint SLP Telegram chat group to learn more about the bot’s functionality.
Another interesting discussion popped up in IOTA community. IOTA enthusiasts wanted to get some fresh info on the big-name partnerships IOTA announced last year. In a thread on Reddit, one of the users asked: It has been a while since partnerships with major market players have been announced, but have not seen so much info […]The post What is the status of IOTA partnerships with Bosch, VW, Fujitsu? appeared first on CaptainAltcoin.
The XRP community has been taken for a ride, so to speak, by Reddit user @XRP_Productions. The user trolled Twitter users by informing them that the infamous BearableGuy123 riddles ultimately led to an Ovaltine advert — an ode to famous holiday movie A Christmas Story.
Coinspeaker Commun Is Launched to Start New Wave of Social Media DecentralizationCommun is here to become a decentralized version of Reddit. The platform pays its users for creating content and voting on posts.
XMR users who downloaded binary files in the past 24 hours or so might have installed malware, Monero said via its official site getmonero. org. Users Notice Weird Binary Files Some of the CLI binary files that users downloaded from getmonero have been compromised, according to Monero developers.
The developers of Brave browser are adamant that they can win the privacy battle based on their firm’s capacity to innovate faster, CryptoSlate reports. The co-founders were responding to questions from Reddit users during an AMA session.
BitMEX traders that had their details leaked as part of a recent privacy breach have started to receive phishing emails. The crypto exchange accidentally disclosed 23,000 of its users’ email addresses earlier this month.
According to a Reddit post published on October 24, 2019, Brave Browser v0. 70 (BAT) is set to go-live, enabling the much revered Brave ads for web browser users in 20 more countries. A Plethora of New Features and Upgrades Blockchain technology-powered Brave Browser has proved to be one of the few success stories from theRead MoreRead More.
Brave users on iOS set to receive rewards as leaks of the new Apple based application surfaces on Reddit. A Reddit post on BATProject, offers a glimpse on the new privacy focused Brave browser mobile application for iOS users.
TikTok users are reporting an unusually high number of posts showing up in their feeds related to Donald Trump. While the network has long been considered a haven for Trump supporters, until now they appeared to languish in an echo chamber.
Microsoft is sending out invites to users who sign up for the Project xCloud preview. After months of waiting, Microsoft‘s entry in the cloud gaming race is ready to show itself — albeit to a group of users in specific test regions.
A crypto micropayments platform called TipJar is due to be shut down soon. The service, which is built on top of the Ethereum (ETH) blockchain, will cease its activities due to low activity. The platform’s goal was to support ETH-based micropayments on Reddit using a bot.
Cryptocurrency micropayment service TipJar is shutting down in Q1 2020 due to low usage, developers have confirmed. Cryptocurrency Tipping Fails To Catch On In a Reddit post on October 6, user u/doppio requested users withdraw any remaining funds held on their accounts.
Brave Browser users, take heart: the Basic Attention Token is starting to look like a complete ecosystem. Almost. In addition to Twitter and Reddit tips and privacy-protecting ads, the creators of the decentralized web browser have added a new capability, allowing Brave users to exchange their tokens for fiat.
Six addresses seem to be the most active ones on Ethereum, burning up above 45% of all gas. All seem related to a single smart contract, awakening the suspicion of Reddit users. Six Wallets Circle Funds with One Smart Contract The common thread between the six most active wallets on the Ethereum network is that they are all communicating with contract “0x01eacc3ae59ee7fbbc191d63e8e1ccfdac11628c”.
Tether transactions are currently clogging up the Ethereum Network reigniting the debate over gas limits. The issue might become further exacerbated with Tether’s latest stablecoin launch — a Chinese yuan-pegged ERC-20 token which will run on Ethereum’s blockchain.
Binance has launched its futures markets in a closed invitation-only mode. Following a testing period on its two futures platforms, the leading exchange marked significant interest. Trading volumes reached $150 million, denominated in Tether (USDT).
Brave has become the most downloaded browser on the Japanese Google store, making it the supreme choice of browser for Android users in the country. A Reddit user brought this to the community’s attention amidst a surge in global Brave users, September 10, 2019.
Steemit is a blockchain based social media platform where you can get paid to post content. It’s similar to reddit, but each upvote actually gives you tokens. Steem Blockchain Issues Steem has been having issues with its blockchain for the past day, and users are unable to make new posts.
Bitcoin may not be for the birds afterall. An interactive bird-feeder which is being live-streamed via YouTube allows users to feed birds with cryptocurrency donations. Despite Bitcoin being the largest, most well-known cryptocurrency in the world, it seems that animal lovers are more fond of the altcoins Nano (NANO) and Litecoin (LTC).
Bitcoin and altcoin wallet provider Blockchain. com is facing fresh pressure for forcibly making its users pay higher transaction fees. Reddit Mod Decries 31 Million New Legacy Bitcoin Wallets Blockchain, formerly known as Blockchain.
Brave is on a roll this summer, with new additions to the crypto-powered browser almost every month. Earlier this month, Brave began to allow Twitter users to receive tips, and now, it has added two more highly-anticipated options.
A recent Reddit post suggested that the San Francisco-based cryptocurrency exchange Coinbase will no longer support privacy centered altcoin, Zcash for users in the UK. The post carried a screenshot from the Coinbase website further detailing that the exchange would disable Zcash related services to the residents of the UK from 26 August.
A Reddit user shared a screenshot showing that Uphold now allows users to move their BAT from the browser integrated wallet after completing verification. Users have been impatiently waiting for Brave and Uphold to allow this, and it is finally here.
Users of the Brave browser will soon be able to leave basic attention token tips on reddit. The feature, according to Brave developers implementing the system, will function similarly to the Tippin.me Chrome extension.
Reddit and Vimeo users can now tip content creators using Brave Browser. The feature appeared in the latest beta release and enables users to reward posts using Basic Attention Token (BAT). Remunerate your Favorite Content Creators According to a post on Reddit, a preview version of Brave Browser enabling user tipping has hit the web.
Brave decided to introduce a new feature that would allow users to tip other content creators on Reddit and Vimeo. Individuals will have the possibility to send these tips using Basic Attention Token (BAT).
Brave Browser is introducing a new feature that will allow users to tip posters on Reddit and Vimeo using Basic Attention Token. While the features are currently in Brave’s Developer preview on desktop, they will soon roll out for the public version of Brave, a company representative said on Reddit.
The cryptocurrency market has never been devoid of drama or speculations. A recent Reddit thread by a former/current employee of Chainalysis is a testament to that fact. The user, who chose to remain anonymous and uses the handle ‘Chainalysis1,’ requested users on the social media website to put forth queries about the company, its functions […]
The post Chainalysis ‘whistleblower’ reveals dirt on the company as Reddit AMA goes viral appeared first on AMBCrypto.
Brave company, the entity behind Brave Browser, is an open and free source browser that focuses on increasing privacy. The browser also makes use of BAT, the utility token, as a reward for its users for viewing ads.
HSBC could be blocking crypto-related purchases Several financial institutions have taken similar measures in the past The British multinational banking company, the Hong Kong and Shanghai Banking Corporation (HSBC), seems to have been halting crypto-related transactions.
Users on Reddit have posted an image showing crypto trading in a Tesla using WalletConnect and the TrustWallet. The…
The post Crypto Trading Now Possible In Tesla appeared first on Invest In Blockchain.
HitBTC, a Hong Kong-based exchange has been the center of accusations among users on Reddit, Twitter, and other forums. HitBTC users started complaining about issues regarding withdrawal and extensive procedures after one particular user @ProofofReserach put out a thread alleging insolvency of HitBTC.
XRP Tip Bot is a bot that enables users on Reddit, Twitter, and Discord to send Ripple's coin XRP to each other through Reddit comments or tweets. If you are feeling generous and want to send a tip to your friends, followers or anybody with a Twitter account, you can use this incredibly useful, simple […]
Investors in XRP are thinking carefully about the direct influence on the coin by Ripple. Blur93, a Reddit user, asked why users of the Ripple platform still prefer to use their international payment option xCurrent, as opposed to the more recent cross border option of the xRapid. Marjan Delatinne, the global head of banking at […]
At TNW2019, Reddit’s Chief Technical Officer, Chris Slowe, shared some behind-the-scenes insights into what makes the message board tick. Perhaps more importantly, he spoke of two important lessons learned from tackling the challenges Reddit faces as one of the world’s most popular websites.
Last year, Reddit went through a redesign. While it caused quite a stir among established users, it offered improved UX for a core target group: newcomers. Speaking at last year’s TNW Conference, Reddit’s founding engineer and CTO, Chris Slowe, explained how he rolled out the redesign with his team, and shared advice on how to evolve a website with a constantly growing user base.
Justin Chastain, CEO of Voat, a censorship-free Reddit, said that American authorities contacted him regarding death threats posted by users on the platform. Following this, the CEO requested users to “chill on the ‘threats,’” reported Motherboard on April 26, 2019.
Обанкротившаяся биткоин-биржа Mt. Gox обещает выплатить компенсации даже тем кредиторам, которые не оставили соответствующие заявки. Об этом говорится в письме, которое получил один из пользователей Reddit.
There are several projects in the cryptocurrency market that are gathering the attention of many investors and individuals. Tron (TRX) is one of them that with the leadership of Justin Sun, its founder, is moving forward in the market.
If you’re a creditor in Mt. Gox’s civil rehabilitation case, the defunct exchange may have automatically filed and approved a reimbursement claim for you — provided that your Mt.
The Monero (XMR) moderator in Reddit, dEBRUYNE_1, released a post in which he informed that they were able to solve one of the issues that affected some Ledger Monero users. As he explains in this bug, a handful of transactions were erroneously constructed and the wallet couldn’t spot the change. Users believed that their funds […]
Pepe coin price has been in a tight range in the past two weeks, as the previous rally took a breather. Cryptocurrency analysts are optimistic that the coin could stage another rally, helped by the Reddit Army, which is planning…
Reddit’s cryptocurrency community, r/cryptocurrency, announced a partnership with Unstoppable Domains on Nov. 19 to launch the first-ever Reddit community-based Top-Level Domain, . MOON. The initiative aims to provide the community’s 8.
According to filings with the Securities and Exchange Commission (SEC), Reddit, the popular discussion forum and online community, has sold most of its crypto holdings. In its SEC FORM 10-Q filing, the company disclosed the sale of three digital assets, including Bitcoin and Ether.
According to a new filing, Reddit sold most of its crypto holdings in Q3 2024. The company held crypto assets consisting of Bitcoin and Ethereum for treasury purposes, which was revealed after it went public in February.
Эксперты аналитической платформы K33 Research сделали предположение, что раздача кредиторам хранившихся на рухнувшей бирже Mt.Gox 142 000 биткоинов может потрясти рынок и перепугать криптоинвесторов.
An Arbitrum token holder has unveiled a new grant proposal to take over the renowned r/Cryptocurrency subreddit, which would cost the community nearly $788,000. An Arbitrum community memeber MeLLoN98 started a grant proposal to secure 450,000 ARB (around $788,000 as…