Reddit today launched an NFT avatar marketplace where you can purchase profile photos for a fixed price. You don’t need a crypto wallet to buy, and you only need to have a Reddit wallet for storage.
There are 90 different designs available for enthusiasts. Tens of thousands of new NFTs are planned to be introduced soon.
The company shared that if a user purchases a limited NFT, he receives the rights to use the token as a digital avatar outside the social network. Limited usage rights, not the same as Bored Ape Yacht Club. However, Reddit will allow you to change your avatar and use it in your comments.
Earlier this year, Reddit allowed users to set NFT as their profile photo. This was done right after Twitter first decided to implement NFT on its platform.
The new feature, which was announced today, is available only by invitation to members of the r/CollectibleAvatars subreddit. They talk more about how to create a wallet, prepare exclusive AMAs with digital artists, and much more.
NFT prices range from $9.99 to $99.99. In the coming days, the purchase will become available to all Reddit users.
The company concluded that building a marketplace is just the beginning of their journey through the NFT space. Now Reddit is actively exploring the possibilities of the blockchain in order to offer users more NFT features as soon as possible.
