Exchange Reddit Karma Point for Crypto
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If you are a Reddit user, now you can exchange Reddit Karma for Crypto. Reddit rewards karma points to its users for posting good content or posting helpful comments. 

Karma points will not turn out to be more valuable as the platform is working on offering Ethereum-based crypto in exchange for Karma points as part of the upcoming Web 3.0.

Rahul, a Reddit engineer in a tweet said, “Reddit has 500M monthly active users. Once we all pull this off, we will onboard 500M web2 users into web3, and then there is no going back. Let’s repeat it – 500 million new crypto users.”

In another tweet he said, “Users control their community points, their profiles, and their communities. Ideally, we all want to live in a world where one company/ person can’t make such decisions but rather a community does!” 

Web 3.0 is based on blockchain where you own the posts and data you share online. This data cannot be altered or deleted, not even by platform owners as it spreads across thousands of computers worldwide.

Reddit will collaborate with OffChinaLabs, a company that builds system expansions for Ethereum. Rohan further explained in a blog post, we believe in the new dawn for the Internet, which can be free once again. Though we don’t have all the answers, we believe together we can find a way.

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