- Reddit’s new blockchain point system already has over 10,000 registered wallets.
- The points utilize the Rinkeby testnet and will migrate to the mainnet this summer.
Last week, The Crypto Associate reported on the launch of Reddit’s blockchain point system. The system launched via two Reddit communities: r/CryptoCurrency (Moons) and r/FortniteBR (Bricks). Both tokens currently utilize the Rinkeby testnet with plans to migrate to Etehreum mainnet this summer. The Reddit community r/ethtrader (Donuts) already utilizes the Ethereum mainnet.
Since launching just four days ago, over 10,000 users have registered wallets for the new blockchain point system. At the time of press there are over 8,800 BRICK addresses, and over 2,100 MOON addresses. The Fortnite community is currently leading adoption with over four times the wallets of r/CryptoCurrency.
Crypto Adoption Increases
Reddit, one of the largest online forums, saw over 1.4 billion visits last month, according to Similar Web. While the r/Cryptocurrency and r/FortniteBR only have a combined membership of 2.3 million, Reddit’s decision to launch blockchain-based points is a testament to the growing adoption of cryptocurrency and blockchain technology.
In addition to individual growth, cryptocurrency has seen a surge in institutional interest. Grayscale, one of the largest digital asset funds. now has over $3.7 billion in assets under management.
Disclaimer: Content displayed on thecryptoassociate.com is not investment advice. Investors should do their own research before investing in digital assets or anything displayed on this site. The Crypto Associate does not recommend trading any sort of investment in cryptocurrencies and digital assets. The Crypto Associate is not responsible for any losses incurred due to the buying or selling of cryptocurrencies displayed on this site. All content is for informational purposes only. The Crypto Associate does not endorse, affiliate or represent any third-party links including advertisements. The Crypto Associate participates in affiliate marketing. Read the full disclaimer