Reddit announces partnership with the Ethereum Foundation

https://www.reddit.com/r/ethereum/comments/l6c3kx/reddit_announces_partnership_with_the_ethereum/

created by jarins on 27/01/2021 at 19:15 UTC*

7238 upvotes, 219 top-level comments (showing 25)

Hello, Ethereum world!

Reddit admin u/jarins[1] here, with some exciting news to share today: Reddit has teamed up with the Ethereum Foundation to establish Reddit’s first-ever blockchain partnership!

1: https://www.reddit.com/u/jarins/

As Reddit continues to grow with more than 50 million daily users and hundreds of thousands of communities, the platform has long maintained a decentralized ethos by empowering users to create, govern, and grow their own communities. Through this partnership, we will be increasing our commitment to blockchain, accelerating scaling and resources for the Ethereum ecosystem, and bringing the value and independence of blockchain technology to millions of redditors.

In many ways, this collaboration started with the Scaling Bake-Off[2] that we hosted in this community with the Ethereum Foundation. In this new stage of our partnership, immediate efforts will be focused on bringing Ethereum to Reddit-scale production. Our intention is to help accelerate the progress being made on scaling and develop the technology needed to launch large-scale applications like Community Points on Ethereum. The scaling technology developed through this partnership will be open-sourced and publicly available for anyone to use.

2: https://www.reddit.com/r/ethereum/comments/hbjx25/the_great_reddit_scaling_bakeoff/

We introduced Community Points[3] last year to give more ownership and control back to users through decentralized technology. Built on Ethereum, Community Points represent a user’s ownership in a community and rewards them for their individual contributions (such as posts and comments). This project is our first attempt at utilizing decentralized technology to empower individuals to have a sense of accountability and more ownership in the communities that they create and contribute to. Community Points are currently in beta on the Rinkeby network and are being tested in r/CryptoCurrency[4] and r/FortNiteBR[5].

3: https://www.reddit.com/community-points/

4: https://www.reddit.com/r/CryptoCurrency/

5: https://www.reddit.com/r/FortNiteBR/

Our blockchain efforts will be led by Reddit's Crypto team (hi!). We are currently hiring[6] great backend engineers who want to build the decentralized Internet. If you’re interested in solving tough problems like scaling and bringing blockchain to millions of users, send me a PM or apply directly on Reddit’s careers page -- we’d love to talk to you!

6: https://boards.greenhouse.io/reddit/jobs/2413930

We’re looking forward to working closely with the Ethereum Foundation, and contributing more to the broader Ethereum ecosystem -- and we hope to share some exciting announcements over the next few months. I'll be hanging around with a couple of folks from the Ethereum Foundation to answer questions. Ask away!

Comments

Comment by ayagotchi at 27/01/2021 at 19:20 UTC

1031 upvotes, 12 direct replies

We’re excited to have an ongoing relationship with Reddit and more collaboration as we work together to improve Ethereum for the entire ecosystem. We continue to be impressed with Reddit’s vision, and by how it maintains its culture and philosophies, which were key in forming this relationship. I’m looking forward to seeing how this evolves, and how it can benefit both Ethereum and the Reddit community. Thanks u/spez and u/jarins for your support!

Comment by ElXanthaes at 27/01/2021 at 19:20 UTC

69 upvotes, 2 direct replies

Thank you for the update u/jarins. I got one question though, does this imply that the proposals in the scaling bake-off contest are not going to be used? If yes, what is the reason that they won't be used?

​

Thanks in advance

Comment by MarkOSullivan at 27/01/2021 at 19:44 UTC

244 upvotes, 3 direct replies

These kind of announcements makes me pumped for the future of Ethereum 🚀

Comment by superphiz at 27/01/2021 at 19:34 UTC

98 upvotes, 2 direct replies

Reddit is taking a great step forward!

Comment by [deleted] at 27/01/2021 at 19:59 UTC

123 upvotes, 1 direct replies

[deleted]

Comment by masixx at 27/01/2021 at 20:13 UTC

23 upvotes, 1 direct replies

Give us decentralised ID backed by Reddit and open it to the public. We will build you internet 2.0 upon it. You keep the edge by beeing the first.

Comment by vures at 27/01/2021 at 19:28 UTC

24 upvotes, 1 direct replies

Damn

Comment by NorskKiwi at 27/01/2021 at 19:32 UTC

44 upvotes, 1 direct replies

Wow! Very big news. Congratulations.

Comment by Shrinks99 at 27/01/2021 at 19:53 UTC

20 upvotes, 2 direct replies

This is great! Do you see blockchain technology being something that the average person on Reddit will directly interface with in the future? Is the doughnuts system a preview of the type of thing that might be expanded to other subreddits or are you considering to use it in broader ways?

Comment by k3surfacer at 27/01/2021 at 19:57 UTC*

30 upvotes, 2 direct replies

Nice to read this. More Power for reddit and ethereum.

Also r/ethtrader has donuts. Would be nice to mention it in the post. No?

Comment by [deleted] at 27/01/2021 at 21:01 UTC

52 upvotes, 3 direct replies

[deleted]

Comment by samajammin at 27/01/2021 at 19:27 UTC

28 upvotes, 2 direct replies

Exciting times! Where can we follow along for updates re: this partnership & Reddit's Crypto team?

Any progress on the Reddit Scaling Bake-Off? Or is that outcome still TBD?

Comment by adrianclv at 27/01/2021 at 19:39 UTC

57 upvotes, 3 direct replies

When Community Points in WSB?

Comment by scheistermeister at 27/01/2021 at 20:00 UTC

18 upvotes, 2 direct replies

This is incredibly exciting! I wonder if this is going to be a layer 1 or layer 2 type solution you’re aiming to design together?

Comment by jsibelius at 27/01/2021 at 19:33 UTC

10 upvotes, 1 direct replies

When the scaling backoff launched we didn't have production-ready scaling solutions on Mainnet. (As far as I know) Now different rollup implementations are live. Have you looked into them?

Comment by netstrong at 27/01/2021 at 19:52 UTC

8 upvotes, 1 direct replies

woow

Comment by Slocken at 27/01/2021 at 19:59 UTC

10 upvotes, 1 direct replies

Exciting partnerships

Comment by 69th_collector at 27/01/2021 at 20:01 UTC

8 upvotes, 1 direct replies

wow ‼️

Comment by [deleted] at 27/01/2021 at 20:10 UTC

9 upvotes, 1 direct replies

That’s what’s up.

Comment by d-o-z-o at 27/01/2021 at 20:22 UTC

9 upvotes, 1 direct replies

Ethereddit

Comment by GlitchK0 at 27/01/2021 at 19:57 UTC

15 upvotes, 2 direct replies

I don't think the /r/bitcoin mods are gonna enjoy this. They hate Etherum aha!

Comment by ancharm at 27/01/2021 at 20:11 UTC

17 upvotes, 2 direct replies

Decentralized ID with community reputation that is accessible from and portable to anywhere on the web is the dream.

Comment by RedXBusiness at 27/01/2021 at 19:44 UTC

8 upvotes, 1 direct replies

Will there be a Reddit coin?

Comment by corymigs at 27/01/2021 at 20:55 UTC

8 upvotes, 1 direct replies

There should be a community points system set up for r/wallstreetbets. Although it's a controversial place, I feel like that sub would utilize that well.

Comment by Bitsurfer3 at 27/01/2021 at 19:30 UTC

15 upvotes, 1 direct replies

Cool :)