{"id":1616985,"date":"2022-08-10T23:50:52","date_gmt":"2022-08-11T03:50:52","guid":{"rendered":"https:\/\/platoaistream.com\/?post_type=station&#038;p=1616985"},"modified":"2022-08-11T00:03:22","modified_gmt":"2022-08-11T04:03:22","slug":"reddit-negotiates-with-ftx-for-use-of-community-points","status":"publish","type":"station","link":"https:\/\/platoaistream.com\/plato-data\/reddit-negotiates-with-ftx-for-use-of-community-points\/","title":{"rendered":"Reddit Negotiates With FTX For Use Of Community Points"},"content":{"rendered":"<div><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<p>The world-famous social media platform Reddit announced that they had reached an agreement with <a href=\"https:\/\/coinnounce.com\/ftx-gets-full-approval-for-crypto-services-in-dubai\/\" data-wpel-link=\"internal\" target=\"_self\" rel=\"follow noopener\">FTX<\/a> Pay for community Points.<\/p>\n<p>Reddit, one of the popular social networks, has released the Community Points feature recently. The Reddit platform used such a way to encourage users to interact more, participate in voting and tip each other, just like in <a href=\"https:\/\/coinnounce.com\/ftx-gets-full-approval-for-crypto-services-in-dubai\/\" data-wpel-link=\"internal\" target=\"_self\" rel=\"follow noopener\">DAOs.<\/a><\/p>\n<p>However, considering this update in the long term, the platform wanted to increase scale within the scope of these local tokens.<\/p>\n<p>In this direction, the Reddit platform, which cooperates with Arbitrum, has started updating the Ethereum mainnet. Announcing a new collaboration shortly after Arbitrum scaling came into effect, <a href=\"https:\/\/coinnounce.com\/dogecoin-soars-above-800-after-a-reddit-group-pumps-up-the-price\/\" data-wpel-link=\"internal\" target=\"_self\" rel=\"follow noopener\">Reddit<\/a> announced that it has agreed with FTX Pay for Community Points transactions.<\/p>\n<p>With this new infrastructure integration, users can pay Ethereum transaction fees using stable currencies. Amy Wu, president of FTX Ventures, made the following statements about the collaboration:<\/p>\n<blockquote>\n<p>\u201cThey need Ethereum for transaction fees that allow users to transact with Community Points on the chain, and FTX Pay enables them to do so.\u201d<\/p>\n<\/blockquote>\n<p>Community Points can be redeemed on subreddits like r\/cryptocurrency and r\/fortnite Cryptocurrencies, while integrating into global communities, offer many alternative uses for both users and cooperate companies.<\/p>\n<\/div>\n","protected":false},"author":1,"featured_media":1616989,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3634,3884,14560,6428,3888,14557,14888,4150,14559,5019,5141,15191,3831,3767,4158,4302,3837,3646,19709,4089,14576,7457,14558,8453,12764,9642,14556,8593,14575,6068,7894,14555],"artist":[5779],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station\/1616985"}],"collection":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/media\/1616989"}],"wp:attachment":[{"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/media?parent=1616985"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/genre?post=1616985"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/station_tag?post=1616985"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/artist?post=1616985"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/mood?post=1616985"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platoaistream.com\/wp-json\/wp\/v2\/activity?post=1616985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}