Reddit is killing erc20 community points

Reddit is winding down Community Points, its blockchain-based "internet points" program, with the points to be phased out by early November. Rathschmidt, the company's director of consumer and product communications, told TechCrunch that the resourcing needed was too high to justify and that the regulatory environment had added to that effort. The points were first launched in 2020 and were moved from Ethereum to Arbitrum Nova in 2022. Reddit says it is prioritizing programs that are more set up to scale, such as the Contributor Program and subreddit karma.