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“# Social network Reddit reveals plans to go public ” On late Wednesday night, the popular social platform Reddit announced that it has started the process of making the company public. The company filed a confidential S-1 with the Securities and Exchange Commission (SEC) informing them of their intentions for going public. Per SEC regulations,…
“# Gamer-hate: Ubisoft’s new NFT project vid gets 96% dislike ratio ” French gaming giant Ubisoft Entertainment SA’s new nonfungbile token (NFT) project Quartz is facing strong pushback from the gaming community. Ubisoft unveiled the Beta launch of Quartz via a brief YouTube video on Dec. 8 that has 214,721 views at the time of…
“# Reddit launches waitlist for site-wide expansion of ‘Community Points’ ” Reddit has launched a waitlist for the upcoming site-wide expansion of its Ethereum-based ‘Community Points’ token rewards program, as well as a dedicated website. The social media platform, which runs on upvotes that earn users’ karma scores, first dabbled in crypto token rewards in…
“# Discord drops Ethereum and NFT integration plans after backlash ” Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably…
“# Reddit to reportedly tokenize karma points and onboard 500M new users ” American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer. A series of tweets made by Reddit engineer, Rahul, highlights…
“#Meme stocks will just keep rising, market-watchers say” The Federal Reserve’s signal that it could eventually raise interest rates — though not anytime soon — isn’t likely to stop the rise of meme stocks, analysts and investors said. In fact, there’s not much the Fed will do that will affect meme stocks at all, market…
“# Microsoft muscles into the Metaverse with Teams updates and Xbox upgrades ” U.S. tech giant Microsoft is taking the plunge into the Metaverse via updates to its Teams and Xbox gaming console services, along with a new product called “Dynamics 365 Connected Spaces.” Microsoft CEO Satya Nadella announced the firm’s Metaverse plans for Teams…
“# NYDIG acquires Bitcoin micropayments firm Bottlepay ” Bitcoin (BTC) investment firm, New York Digital Investment Group (NYDIG), has announced the acquisition of United Kingdom-based micropayment service Bottlepay for an estimated fee between $280 million and $300 million. NYDIG had previously participated in the company’s $15.4 million seed funding round in February 2021, a raise…
“# Redditors cheer as GameStop assembles team of NFT experts ” GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME stock is a cult favorite amongst retail traders as a result of the r/wallstreetbets and Robinhood saga earlier this year. On Reddit…
“# Reddit may be preparing to launch its own NFT platform ” Social media platform Reddit appears to be hiring workers to support the design, build, and maintenance of a nonfungible token platform. According to a Greenhouse job posting, Reddit is looking for a senior backend engineer for a platform responsible for “millions of users…