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RE: Reddit and Web3 – A Case Study

in LeoFinancelast year

I have used reddit now and then for specific communities, but it's not somewhere I visit regularly, so I was not up to date on this stuff. It's interesting that they minimise mention of blockchain as it seems a lot of people are suspicious of that term. I have found people on Mastodon to be fairly anti-crypto in general. That may be something holding Hive back. Events like the FTX collapse don't help, but that is more about bad management than bad technology.

reddit is largely owned by a big media company, so I wonder how centralised their blockchain will be. Companies like to keep control.

Interesting article.

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They are not using their own blockchain, they are using L2 solutions

Well that could be a good thing as developing this stuff is hard. It also means people are free to do what they want with the tokens. Thanks for clarifying.

Its the way we want brands to go, using public blockchains