Reddit is integrating a new feature by allowing its users and communities to identify themselves with a unique avatar. These are non-fungible tokens (NFT), designed by artists, which will be available in a virtual store that the company has opened on a limited basis.
Initially, only a small group of Reddit users will be able to buy accessories in NFT joining the r/ collectibleavatars subreddit, as announced by the company in a official statementl. However, he also makes it clear that he intends to open the store to the entire community “in the coming weeks.”
In its Reddit announcement it does not mention the word NFT at any time, although it replaces it with “collectible avatars” and clarifies that its unforgeable tokens are stored on the Polygon network.
“We chose Polygon for its low cost transactions and sustainability commitments,” he adds. At the same time, suggests you are studying other use cases with NFT noting that with their collectible avatars they are “taking the first steps in testing the potential benefits of this concept on Reddit.”
The Redditors they can store their NFTs in the platform’s digital walleta, the same one in which the community reward tokens or points are currently stored.
According to the statement, owning an avatar gives users a license “to use the art, on and off Reddit.”
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For To buy one of these NFTs, it will be necessary to have available fiat money such as dollars Americans, as the wallet does not support transactions with cryptocurrencies.
It also makes it clear that all avatars will cost the same, though it doesn’t say how much. The company adds that it will pay artists for each NFT sold.
On the other hand, it indicates that the use of a collectible avatar as a profile image on the site will allow the user to have a “glow effect” in the comments, as well as the ability to mix and match their avatar with other equipment and accessories of the site. Reddit.