After introducing two community-specific cryptocurrencies, Reddit is now giving users a way to spend or cash out their tokens.
Reddit introduced crypto this spring by distributing MOON and BRICK tokens to its cryptocurrency and Fortnite communities. Until recently, there were no practical uses for these tokens. The coins were simply used to manage badges and reputation scores, similar to post and comment Karma on the website. Neither of these had monetary value.
However, Reddit introduced a new feature last week—the ability to turn MOON and BRICK tokens into Reddit Coins. Those coins are Reddit’s non-blockchain-based digital tokens, which provide access to Reddit’s premium features and can also be bought with U.S. dollars and other fiat …