Social network giant Reddit is exploring possibilities to enter the NFT space, as other technology giants are making their way to this emergent market. Reddit NFT program is also expected to follow the footprints of Twitter in terms of embedding the NFT profile picture.
It has also experimented in the past with NFT avatars, which allows users to use NFTs as profiles on the social network that generates content.
After Twitter’s switch into NFT connectivity, Reddit implemented a similar feature.
In the initial announcement, the Reddit technical team is currently analyzing and developing this feature that hasn’t yet been made public to users. However, it is confirmed that this social discussion platform is exploring options to tap this growing market.
Reddit NFT Avatars
Reddit NFT will incorporate NFTs in creating a unique profile picture or avatars with the help of tools.
The avatar settings include many styles to choose from; users can customize their avatar by picking from a range of faces, top bottoms, heads, as well as bodies.
The face settings allow users to choose among a wide range of styles, colours, and accessories—face coverings and expressions. To purchase unique clothing and avatars, you must buy a Reddit Premium account.
Reddit, however, stated that it would accept all kinds of NFTs, not only those that were launched by the social media network at the end of last year.
It’s not clear the possibility that Reddit will announce this feature since there’s a lot of confusion about its progress. If it comes to the feature being officially launched, it will give NFTs an additional purpose. Given that NFTs are expensive to purchase, it’s only fair to give users a wide range of options to display their images across all platforms.
Instagram recently entered this market by incorporating an NFT marketplace on its current application. NFT market has already grown multifold in the past few months. The largest NFT marketplace, Opensea, has grown incredibly with a current valuation of a whooping 13 Billion US dollars.
Camila is working as a Senior Writer with Coinfea. She has completed her bachelor’s from a reputed college. She loves to write about trading technologies like crypto and blockchain.