FINANCE MAGNATES - Jan 29 - Reddit, a prominent social media network, announced that it has partnered with Ethereum Foundation to bring value and independence of the blockchain technology to ~50M daily Reddit users. According to an official post by Reddit admin, u/jarins, the platform is planning to enhance its presence in the Ethereum ecosystem to accelerate scaling and resources for the network. The admin mentioned that the platform has maintained a decentralized environment to help users grow their own communities. Reddit is also planning to develop large-scale applications including community points on Ethereum. ETH is currently trading near $1,300 after crashing to nearly $1,200 during the latest crypto market sell-off. Ethereum now has a market cap of approximately $150B.
by Bilal Jafar
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