I'm not a heavy reddit user so please correct me if I got this wrong. - I think the "giving 10% shares" thing morphed into reddit creating its own crypto coin

I'm not a heavy reddit user so please correct me if I got this wrong. - I think the "giving 10% shares" thing morphed into reddit creating its own crypto coin which was supposed to be backed by shares? https://techcrunch.com/2014/09/30/reddit-scoops-up-50m-series-b-from-sam-altman-a16z-sequoia-at-500m-valuation/?guccounter=1 https://techcrunch.com/2014/09/30/reddit-scoops-up-50m-serie... - But a coin/gold system was retired last year, but I can find no mention of these being in any way related to shares by this point https://www.theverge.com/2023/7/13/23794403/reddit-gold-awards-coins-sunset https://www.theverge.com/2023/7/13/23794403/reddit-gold-awar... So I kinda think that the 10% shares thing was a nice idea which more or less got abandoned in favor of a "reward system" which got watered down and killed. Perhaps someone else has more background here. Naturally when I search I mostly get unrelated posts about other stock and crypto on subreddits, and reddit community people starting their own coin.