Its actually pretty nuts that Reddit completely fumbled a web3 play despite having a founder that was deeply into Ethereum.

They had an opportunity to differentiate but fell into a loud minority of anti-crypto people. Pretty much everything on Farcaster would have made sense if Reddit did it, but they just didn't integrate beyond silly NFTs.

Now they're basically completely unprofitable and the worst revenue generating social network compared to everyone else.

Defi. Ethereum. Physics.

Data at @quotient.