Reddit Raises $50 Million, Plans New Cryptocurrency to Reward Users

By October 2, 2014Bitcoin Business

Reddit has announced a new $50m funding round that could lead to a unique way for the social network to give back to its community – its own cryptocurrency.

In a post on the company’s official blog , CEO Yishan Wong revealed Reddit had secured funding from a number of well-known venture capitalists and VC funds.

Notable names included  Sam Altman , president of the Y Combinator startup incubator, Andreessen Horowitz partner  Marc Andreessen , PayPal co-founder […]

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