JAKARTA The social media platform giant Reddit has launched an NFT project called the 'Reddit Collectible Avatar' which has been a huge success in the sluggish market. This NFT project has attracted a lot of attention, and has made many people curious, especially about the Redit avatar collection, how it works, and what makes this project so exciting.
Check out the following article to find out more about the NFT Reddit project which is currently being discussed!
What's a Reddit Collection Avatar?
Reddit is one of the largest social networking platforms in the world with 430 million monthly active users and 52 million daily users. The platform has thousands of sub-forums, known as subreddits, to facilitate different special communities.
In June 2021, Reddit launched the NFT Cryptosnoos as a collectible inspired by Snoos, Reddit's official mascot, as an early introduction to the NFT marketplace. The following year, Reddit officially launched a stronger and unique NFT project, known as Reddit Limited Collectible Avatars.
The project allows users to purchase Collectible Avatars, store them in an original wallet compatible with Ethereum on Reddit, and use the image as their profile.
How Does the Reddit Avatar Collection Work?
The Reddit Avatar collection is designed by independent creators of the Reddit community, particularly r/Comics and r/AdobeIllustrator, with more than 30 collections currently sold out. Reddit users can buy these Collectible Avatars and customize them as they wish. Polygon-based NFT now belongs to the Reddit platform, while previously NFT CryptoSnoos was only listed on OpenSea.
Reddit deliberately removed the terminology of "NFT" in their bid to market the project as a "collection item," although blockchain and NFT technology remains in use in the background. However, all Reddit users can still make customizable avatars without having to be NFTs. Therefore, no access is secure, unlike many current NFT projects.
Why is the NFT Reddit Project attracting attention?
Despite the sluggish current NFT market conditions, Reddit's NFT project has found success with the Reddit Avatar collection which has become very popular among Reddit users.
In addition, this success also shows that leading social networking platforms like Reddit have great potential to introduce NFT to the wider public. Therefore, Reddit Limited Collectible Avatars is an interesting spotlight in the current NFT industry.
Even though the avatars available on the Collectible Avatar Shop are selling well, you can still buy avatars in secondary markets like OpenSea. To do that, you need crypto wallets like MetaMask and Vault on Reddit. Once you have your avatar, you can enjoy special profiles and special comments on posts on Reddit.
In addition, the income from the sale of these avatars goes to independent artists who make them and they also get royalties whenever their creations are resold in the secondary market. Happy buying and enjoying a new experience with the unique and exciting Collectible Avatar Reddit!
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