Reddit Co-founder and earlier investor in Coinbase Alexis Ohanian in a recent interview with Yahoo! Finance said that the industry is watching a crypto spring right now in terms of blockchain-related products growth.
Ohanian sees developing of the decentralized network infrastructure as engineers and designers create "real solutions" on top of the blockchain technology.
"What I can say is we really do see a crypto spring right now in terms of top-tier engineers, product developers, designers, building real solutions on top of the blockchain. And that to me is the most interesting part... We’re seeing really top-tier talent building on the infrastructure," he said.
The Reddit's Co-founder admits he is trying not to keep an eye on cryptocurrencies' prices as he can not predict any of that stuff. The crypto market is known for its high and unpredictable volatility caused by crypto-whales and massive pump & dump schemes.
However, Ohanian highlighted that the market is "kissing up toward $10,000" as bitcoin (EXANTE: Bitcoin) is struggling to break through the $10,000 mark since the halving.
Earlier popular online forum Reddit announced it is working on the development of ETH-based tokens that will be used to reward users for contributing to the platform.
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