Crypto News

Polygon and Reddit Co-Founders Launch $ 200 Million Social Media & Web3 Initiative

                                                            Der Mitbegründer von Reddit setzt sein Engagement in Cryptowährungen mit einem neuen Joint Venture mit dem beliebten Blockchain-Projekt Polygon fort, um Entwicklungen im Web3-Sektor zu unterstützen.
  • The press release shared with Crypto potato announced that Seven Seven Six and Polygon plan to allocate $ 200 million for this new initiative.
  • It will support startups that want to work on social media platforms and Web3, or as described in the statement – protocols that “explore better ways for people to connect online”.
  • Ohanian co-founded the popular social media network Reddit in 2005, left it in 2010 and returned as chairman in 2014 before stepping down again in 2020.
  • He already has extensive experience in the cryptocurrency space and is a seed investor in Coinbase, Opendoor, Patreon and more.
  • Ohanian recently announced that he owns “a lot” Ethereum and also went into a partnership with Solana Ventures to invest $ 100 million in a decentralized social network.
  • Speaking to Polygon about the $ 200 million initiative, he noted that Web3 was still in the very early stages and “the most obvious opportunities right now are in gaming and social media,” before adding:
  • “The initiative will do just that, with a focus on gaming features and social media platforms built on Polygon’s scalable infrastructure. We’ve already seen some of the best product founders in our Portfolio build on Polygon, and I’m excited that Seven Seven Six and Polygon will play a huge role in shaping the new Internet. ”
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Source: Crypto News Deutsch

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