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How to Profit From Reddit Communities

August 8, 2023
in Web3
Reading Time: 3 mins read
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TL;DR

Right here’s how crypto may very well be used to redirect a few of that worth again in direction of the core person base of say, Fortnite (the online game your little cousin is obsessive about).

Let’s say these customers congregate in a standard on-line discussion board, sharing ideas, tips, and insights in regards to the sport between one another. Let’s say that place is Reddit.

Think about in the event that they collectively determined to launch their very own crypto token (calling it $BRICK) – and used it as a approach to reward to those that interact essentially the most inside the group.

What would possibly occur if a significant crypto trade like, idk, Kraken (?) had been to checklist $BRICK on its platform? Worth (cash) would doubtless move from into the token.

Worth which might largely go to early holders of the $BRICK token. I.e. the diehard Fortnite gamers/group members

…properly. This ain’t a hypothetical. All of that really occurred.

Full Story

To a hammer, all the things appears like a nail.

And to crypto nerds, tokenization is the answer to each drawback.

However that’s silly. A crypto token for all the things??

(Why does my dry cleaner want its personal customized crypto token, after I can simply pay in money?)

Level is: for essentially the most half, it’s over kill.

…however in some instances, tokenization is the right device for redirecting worth to core communities.

Right here’s an instance of what we imply:

In Fortnite (the online game your little cousin is obsessive about), most customers don’t generate profits from enjoying the sport.

Some do, by way of Twitch streaming – however the overwhelming majority are simply there to play.

But they (the broader person base) are crucial a part of the enterprise. With out them, the sport can be a ghost city.

Right here’s how crypto may very well be used to redirect a few of that worth again in direction of the core person base…

Let’s say these customers congregate in a standard on-line discussion board, sharing ideas, tips, and insights in regards to the sport between one another.

Let’s say that place is Reddit.

Think about in the event that they collectively determined to launch their very own crypto token (calling it, say ‘$BRICK’) – and used it as a approach to reward to those that interact essentially the most inside the group.

What would possibly occur if a significant crypto trade like, idk, Kraken (?) had been to checklist $BRICK on its platform?

A whoooole bunch of worth (cash) would then find a way move from the general public market, into the token.

Worth which might largely go to early holders of the $BRICK token.

I.e. the diehard Fortnite gamers/group members (of us that might by no means have seen a penny from the sport in any other case).

Effectively. This ain’t a hypothetical. All of that really occurred.

…are you able to guess when Kraken listed it?

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Tags: communitiesProfitReddit
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