The new system to replace Reddit coins and awards is here. You got out at the right time.

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Reddit@lemmy.world – 1362 points – 11 months ago

Community Points - Own a Piece of Your Community

reddit.com

Read all about it at the above link. There's way too much to process here. This is going to be wild.

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They're not NFTs, NFTs are bad, no these token are called Community Points! Totally different than NFTs!

I mean, it sounds like community points are fungible, so not "Non-Fungible Tokens." Still a terrible concept regardless.

Cryptocurrency and NFTs are not worthy. Many fediverse servers are against them, especially stux.

Yeap. I wouldn't be surprised if this update/pivot is a reaction to this: https://eips.ethereum.org/EIPS/eip-6551

Can someone translate this for us morons? I got confused when I read about breeding cats so ....

The ERC-721 standard enabled an explosion of non-fungible token applications. Some notable use cases have included breedable cats, generative artwork, and exchange liquidity positions.

LOL, so out of place haha