How Reddit (Web2) is pushing the Development of Web3, Web2.5?

One of the biggest social media platform - Reddit which is incorporated company/ Centralized, is pushing the adoption of Web3 via Reddit Community Points.

These Community Points are ERC20 tokens based on Reddit Arbitrum network( Layer 1 = Rinkeby testnet, Layer 2 = Reddit Arbitrum), Currently they are on testnet but Reddit is working to migrate them into Ethereum Mainnet - once their scaling solution is done.

These tokens can be used to vote on governance polls, buy premium memberships, convert to Reddit coins, tipping between users and we saw a leak last week showing that there is a chance that these points will be used to buy ads space on the subreddits.

Currently r/Cryptocurrency MOONs ???? And r/FortniteBR BRICKs ???? are the only tokens on Reddit with marketcap of $10M and $1.5M respectively, pretty impressive for a testnet tokens.

There are about 150k MOONs and 75k BRICKs users, most likely we will see massive increase in users on mainnet (only 3.5% of the subreddit members are using MOONs).

Currently https://RCPswap.com (Reddit Community Points Swap - AMM DEX on Reddit Arbitrum developed by me and other dev) is under development, soon it will have a stablecoin.

Block explorer: https://testnet.redditspace.com

RPC: https://testnet.redditspace.com/rpc

ChainID: 5391184

Why it’s important? ~430,000,000 monthly Redditors can potentially be new Web3 users (430M users are getting Ethereum wallet and exposure to the Defi world), this is mass adoption and should make a difference on Web3 adoption when this project gets officially launched on Mainnet.

Number of Cryptocurrency users around the world 220M, Reddit can potentially triple that!

For me it’s interesting to see how Web2 companies are trying to stay relevant: Reddit with Reddit Community Points, Twitter with Bitcoin adoption and Facebook with Metaverse.

Maybe Web2.5 (Hybrid of Web2.0 and Web3.0) is a thing to look at?