1 year ago
Social quality level Reddit has announced it volition discontinue its Community Points beta and Special Memberships features effectual successful November. It said the determination to extremity the diagnostic stemmed from uncovering “no way to scaling it broadly crossed the platform.”
Reddit is refocusing its investments towards products that service a wider demographic, indicating a strategical pivot. Even so, the institution is not wholly abandoning the halfway concepts of the assemblage points. However, it announced that it volition redirect resources to research amended ways of empowering and engaging communities, including processing products that necktie successful with the archetypal aims of the assemblage points program.
The Community Points programme aimed to empower communities and contributors but faced hurdles owed to scalability issues and the existent regulatory landscape. While it acknowledged the important enactment from communities and moderators that contributed to the program’s evolution, it yet recovered that these 2 obstacles warranted a redirection.
Some tokens spun disconnected from Reddit’s Community Points tools see MOONs and BRICKs (MOONs being a token associated with the /r/Cryptocurrency subreddit, which BRICKs is affiliated with /r/FortniteBR. Both enjoyed immoderate popularity arsenic meme tokens successful 2023, particularly connected their Kraken listing successful August.
Community Points was not Reddit’s archetypal foray into web3; the societal quality aggregator has rolled retired respective ambitious projects implicit the past year. Indeed, successful Oct. 2022, DappRadar pinned Reddit arsenic the gateway level for onboarding caller web3 users. This view, however, seems not to person taken the scalability occupation sufficiently into account.
The station Reddit ends Community Points; says there’s ‘no way to scaling it’ appeared archetypal connected CryptoSlate.
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