Reddit opens its NFT marketplace for avatars
90 initial designs are up for grabs.
On Thursday, the Reddit NFT marketplace went live. It allows users to buy Ethereum-based avatars using their credit or debit cards.
These avatars can then be stored in Vaults or used as profile pictures. This is similar to Twitter’s NFT profile picture feature which allows you to use your digital collectibles as a profile picture, provided you have Twitter Blue.
Once Reddit’s NFT marketplace opens to the public, users can purchase NFT-based avatars using fiat currency at prices ranging from $9.99 to $99.99.
About the Reddit Collectible Avatars
Members of the r/CollectibleAvatars will have the first glimpse at these exclusive collectible avatars. They’ll also be able to interact with the artists behind the projects. You can request access here or join using the Discover tab.
According to TechCrunch, 90 initial designs are up for grabs with tens of thousands more to follow in the early-access phase.
In due course, anyone will be able to buy these collectible avatars from the Avatar Builder page. Reddit NFT avatars can be used on or off Reddit and creators will earn royalties from secondary sales.
Sometime in 2020, Reddit released the Avatar Builder that allows you to build and customize your own avatar based on Snoos, its iconic mascot. Earlier this year, Reddit tested NFT profile pictures.
Reddit also created CryptoSnoos, a limited collection of four NFTs with the cheapest currently listed at 42 ETH on OpenSea.
Fast forward to today, and the Reddit NFT marketplace is live where users can buy collectible avatars. These avatars differ from other avatars on Reddit and can further be customized in the Avatar Builder.
NFTs on Reddit
Reddit is home to several active crypto and NFT communities. For instance, the r/NFTsMarketplace community is a place where you can buy, sell, promote, and learn more about NFTs.
It currently boasts more than 250k members waiting for gas fees to drop with hundreds more presently minting NFTs.
Already, Redditors, including creators and buyers are hailing the move as a step in the right direction. Given the pricing, it is possible that Reddit’s collectible avatars will be successful.
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