Reddit to launch NFT-based avatar marketplace for profile pictures

Dhanisa Mashilfa

Reddit has declared that it is launching a new, non-fungible token-based avatar marketplace that allows consumers to purchase blockchain-primarily based pictures that can be used as a profile picture at a preset fee.

Furthermore, the corporation also stated that users do not even need to have a cryptocurrency wallet to acquire the NFTs due to the fact they can use a credit or debit card.

Reddit’s wallet products can be applied to retail outlet these NFTs. If end users want to mint their avatars on-chain, Reddit has a partnership with the Ethereum-suitable blockchain regarded as Polygon.

The enterprise also said it would launch a total of 90 models, with the total quantity of NFTs going on sale in the early-accessibility stage staying in the “tens of countless numbers.” Nonetheless, no formal number has been announced.

If a consumer purchases one particular of these constrained-version NFTs, they will have the licensing rights to use them on and outdoors the Reddit system as an avatar.

At the commence, NFT avatars will only be available to users of the invite-only subreddit identified as r/CollectibleAvatars, and the stated value will array from $9.99 to $99.99.

The design and style of these avatars can be mixed and matched with items, which is a part of the avatar builder. The avatars will also feature a “glow” outcome upcoming to their reviews within just the local community posts.

The collectible avatars will come to be out there for absolutely everyone to get on the avatar builder page sometime in the future number of weeks.

Right up until then, neighborhood users will get at the rear of-the-scenes entry to posts about one particular-off profile pics, entry to Question me Anything at all by artists and details about environment up their cryptocurrency wallet.

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“A Single Quantity That Has 10,000,086 Digits” by Ryoji Ikeda is on display alongside with other NFT artwork at Sotheby’s 1st actual physical exhibition of NFTs. The digital artwork goes up for auction June 10. Photo by John Angelillo/UPI | License Picture

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