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Reddit, a pioneering social media force for crypto engagement and arguably the most popular discussion forum, offloaded a substantial portion of its virtual asset holdings in the third quarter of 2024.
According to that filing, the ETH and MATIC were primarily meant to make payments for specific virtual goods. For years, the platform has maintained a strong association with crypto, being one of the earliest spaces to experiment with blockchain technology. Some memorable milestones include its decision in 2013 to accept premium membership payments using crypto.The company later developed a blockchain-based wallet called “Vault,” which allowed users to manage the two tokens and other digital collectibles. This was followed by the rollout of Polygon-based NFT avatars in 2021.
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