Reddit's Community Points are migrating to Arbitrum Nova

Quick Take

  • Arbitrum announced that Reddit’s Community Points will be built on the Arbitrum Nova chain.
  • The deployment on Nova will open the door for Ethereum developers to tap into the Reddit community. 
 

Arbitrum, one of the leading Ethereum Layer 2 scaling platforms, has partnered with Reddit to bring its Community Points system onto a public blockchain.

Arbitrum runs two layers on the Ethereum blockchain: Arbitrum One, which has been around for a while, and Arbitrum Nova, which was recently launched in a beta mode. Arbitrum Nova is a separate network designed specifically for gaming and social applications that maintain security from Ethereum.

Reddit will build its Community Points system on Arbitrum Nova. This will allow developers to build gaming, social, and other applications that make use of Reddit’s token.

The partnership will create opportunities for collaboration among the Ethereum and Reddit communities, and give Reddit users more ways to utilize their community points on the Ethereum blockchain. 

“One of the beautiful things about Reddit doing community points on Nova is that it's an open public network where anyone else can launch points, contracts, and applications on,” said Arbitrum CEO Steven Goldfeder. 

Tim Rathschmidt, who oversees Reddit’s Consumer and Product communications, told The Block that Reddit has been preparing for the arrival of web3. “Unlike other social platforms that need to entirely rehaul or risk being disrupted by new entrants, Reddit has been building for this all along,” he said. 

Community Points have been in development for almost two years. The three main points Reddit emphasized they were looking for was decentralization, developer-friendliness, and broad ecosystem support (other projects in the ecosystem).  

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