Thejas M C, Community Marketing Associate at Blockwiz That being said, it is a place where like-minded people come together & share the information which can help the entire community. When it comes to the legitimacy of the information you find here, with down voting, users will quickly flag any information or any links that are exaggerating the truth. Reddit is like a personalized stream of consciousness that is happy to help you. Someone, somewhere in the world, has had the same dilemma about a project and weighed the pros and cons. Reddit is teeming with subreddits that contain information you need & desire.
When you can’t find all your answers on Google pertaining to a particular project, that’s where Reddit comes into picture. In regards to the popularity and importance of crypto subreddits, Tejas MC, the Community Marketing Associate at Blockwiz stated, It’s safe to say that the various subreddits are now flourishing as a whole community in themselves which crypto projects are tapping into to grow their user base. That’s why platforms like Reddit via its unique subreddits allow users the much-needed space to discuss crypto projects and its intricacies among themselves. However, reaching out to the Founders or Core Team members of specific crypto projects is not the most viable option. There’s just so many doubts that need to be addressed, other than the regular updates, descriptions and what not. With a sharp hike in the number of crypto projects, there has also been a rise in interest and curiosity, leading to open discussions on various social media forums like Reddit. The crypto space has become a hub for new project launches under it’s various niches-from DeFi to Play-to-earn to NFTs and more.
Therefore, let’s first understand the benefits of crypto subreddits and why you should follow them before learning about the best ones you can follow. However, since there are hundreds of crypto subreddits or communities, the need to identify and follow the best ones becomes paramount. The opportunities Reddit offers to crypto crazies are simply endless. You can ask questions, offer suggestions and feedback, share your success stories, and more across these subreddits. Crypto enthusiasts, investors, and newcomers participate in all sorts of conversations on Reddit. So, if you are into cryptocurrency in any capacity, you should definitely consider joining some crypto subreddits. This clearly establishes it as the go to platform for all crypto-related discussions. Over the last decade, more than 500 crypto subreddits have been formed on Reddit. The term “crypto” was mentioned over 6 million times on the platform last year. These statistics are testament to the popularity of Reddit, a platform famous for discussions, web content ratings, and social news aggregation.Īnother interesting fact is that cryptocurrency was the hottest topic of conversation on Reddit in 2021. More than 50 million daily active users spend about 7 minutes on Reddit on an average. If Reddit wants to stick with the for-profit model, though, it should give stock to all its moderators.As per Alexa Internet, Reddit is among the most visited platform in the world and the 6th most visited in the US. One other user-driven site, Wikipedia, has dodged the issue by being a nonprofit. It has fueled the angry reaction of some Twitter users to Musk’s efforts to remake that site, for instance. The tension exists at other social media sites, of course. Indeed, venture capitalist Albert Wenger signaled last month that this issue has repeatedly kept him from investing in Reddit. But let’s face it, there is something unsustainable about a for-profit company that relies on the unpaid labor of volunteers, as the recent dispute has demonstrated. As a Reddit spokesperson explained to me when I asked that question, Reddit’s entire purpose is to be a “platform…built around communities that are primarily created, governed and moderated by the users themselves.” That’s all well and good. All of which raises a question: Why is a company that generates hundreds of millions in revenue annually relying on volunteers for key editorial tasks? This weekend, things escalated when the unpaid folks behind Reddit’s signature Ask Me Anything sessions-where users can ask actors, celebrities and others anything they like- said they would permanently scale back the work they do. The site’s volunteer moderators have been rebelling for weeks at fees the company has imposed on apps that are popular with Reddit moderators and users. Aside from the nonstop machinations of Elon Musk-whose only purpose in life, apart from transforming cars and rockets, seems to be keeping journalists employed-the most interesting tech news story of recent days centers on Reddit. It’s that point of the early summer when many in tech and business take a well-deserved break.
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