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The Reddit Crypto Renaissance is the best thing that could happen during this Crypto Winter and it indicates that the next Bullrun will be crazy!

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by COINS NEWS 73 Views

Reddit basically did everything right and they have timed it perfectly in my opinion.

What have started as a experiment with the addition of blockchain driven Community Points which gave birth to Moons, Bricks and Donuts, gradually shifted into a Social Media Crypto Renaissance with the introduction of Free Avatar NFTs, Avatar Collectibles and eventually growing into a NFT platform offering NFTs from Reddit digital artists to a community counting more than 300 million users.

The CEO of Reddit, Spez also mentioned recently that he wants subreddits to become profitable businesses in the future if they decide like it. The entire point should be that subreddits can decide to sell digital goods, introduce their own tokens if they want to and basically decide if they want to create their own business model by giving power to the community and content creators who should be able to make a living using Reddit.

We as a community are a perfect example of this, as there are some active members who can easily monetize on their Moons and earn a decent amount out of it if they want to.

The most important thing here is how Reddit boldly decided to move towards the blockchain world and enter a new chapter of social media monetisation.

I am extremely bullish on all of this and I really think that we as a community raised the bar for all other players in this space and I am sure that Reddit NFTs and even our Moons will flourish during the next bull run which can be expected by 2024 if the macro economic situation somehow improves next year.

Exciting times are ahead of us and it feels great to be a part of history in the making. This Crypto Winter and Bear Market is so much more tolerable with all of these great news coming out lately and makes me excited for the future.

submitted by /u/vjeva
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