The new subreddit r/bnbchainofficial follows a Reddit AMA with CZ in May.
Welcome to Reddit
BNB Chain has officially opened a subreddit channel for the Reddit community to follow and discuss the latest developments coming from the core ecosystem of the world’s leading exchange Binance.
This was not an unexpected move by BNB Chain considering the amicable relationship between Binance and Reddit. During an AMA held in May 2022, the Reddit community was extremely supportive of Binance founder and CEO Changpeng Zhao (CZ) as he answered a variety of questions, including about Binance’s decision to trade in LUNA despite the collapse of the platform, the way Binance handles user funds and the future of BNB Chain, and ways to approach to the market.
The social network known as the “cover of the Internet” garnered fame, and real-world clout, after a portion of its community declared “war on Wall Street” in early 2021. Retail investors gathered on subreddit r/WallStreetBets to buy GameStop shares at the expense of Wall Street giants who had been shorting the stock.
Since then, Reddit has grown closer to crypto through notable developments, such as scaling the platform’s two Ethereum tokens on the layer-two Arbitrum solution and launching an NFT avatar exchange on Polygon.
Reddit co-founder Alexis Ohanian revealed he owns a lot of $ETH in an interview with CNBC. Reddit is currently valued at $10 billion, thanks to a new $410 million Series F funding round, which could grow to $700 million.
It makes sense, therefore, to bring BNB Chain to Reddit in order to help the BNB ecosystem and the Binance exchange strengthen their presence among users across different platforms.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.