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Reddit Enables NFT Profile Pictures: Which Companies Are Following?

 


Social media company Reddit is now allowing its users to use NFT profile pictures. Reddit Pro-Krypto had already attracted attention in the past.


Not so long ago, the crypto space believed that NFTs were just a trending topic. We can now see that the trend is here to stay. With the social media company Reddit, another company is now contributing to the adaptation. Users can buy NFT profile pictures without owning crypto – and at a fixed price.



Specifically, this is a marketplace where users can buy avatars for their profile. All you need is a credit or debit card and your own Reddit wallet. Reddit takes any price speculation out of the avatars – the price should be fixed for everyone in advance.


Users can purchase the avatars at various price levels of $9.99, $24.99, $49.99, $74.99, and $99.99. In keeping with the spirit of NFTs, artists working on the collections receive a 50% royalty on any items resold.


Many of the artists are from Reddit's own communities like r/Comics, r/ProCreate, and r/AdobeIllustrator.


It should be several thousand pieces of art with a total of 90 designs. These are to be mined on the Polygon Blockchain, which is becoming increasingly popular among users. The reason for this is the extremely low mint and transaction fees.


This even allows Reddit users to mine the NFTs on-chain. With other collections, it often happens that the assets are simply stored on an Internet server and are therefore not decentralized. Reddit's Vault Wallet allows users to manage the avatar after purchase.

As of today, the avatars are only available to members of the exclusive r/CollectibleAvatars group, and will be available to the vast majority in the coming weeks. Wallet handling reports, AMAs with artists and exclusive posts are also coming soon.


In addition to the usual art, users can look forward to a limited edition that grants them special license rights. This means that the avatar can be used on other platforms besides Reddit and additionally edited in the “Avatar Builder”. So your Reddit profile picture will even glitter in the comment column for the special avatars.


Reddit is leading the way – companies are storming into the space

After users were able to use any Ethereum NFTs as a profile picture on Twitter and Reddit last year, the question arises as to what other features will follow.


“In the future we see the blockchain as a tool for more power and freedom in the communities. Reddit has always been a showcase of what decentralization can look like online.”


The company's statement at least gives hope for further features in the near future. Reddit is particularly proud of the fact that the communities are managed by the members - we want to help them with that.


However, the company is not alone in the space! After Facebook has already put the NFT support on Instagram into operation, some features of it can already be seen on their own app. eBay, for example, already published its own digital collection in May in order to then buy the NFT marketplace KnownOrigin.


Spotify has been testing a feature that allows artists to promote their own digital collections for some time. The start-up Linktree even provides users with special links for NFT owners.


Disclaimer

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action that the reader takes based on the information found on our website is entirely at their own risk.

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