Alex Coin 
After Twitter launched a feature to verify NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). as profile pictures, Reddit said it’s working on something similar. Instagram, Facebook and YouTube have also shown interest in NFTs.
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Reddit the popular online forum platform, is the latest social network a network refers to all nodes in the operation of a blockchain at any given moment in time. to jump on the social networking bus. tokens no fungibles (NFT).
The social platform, which had around 430 million monthly users in 2021, is working to incorporate support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles. As reported by the media Tech Crunch , Reddit is testing a feature that would allow its users to set any NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. as a profile picture on the social network.
Company spokesman Tim Rathschmidt announced the information in an interview with Tech Crunch which was published on Wednesday.
We’re always exploring ways to bring value to users and communities on Reddit. We are currently testing the ability to use NFT as profile pictures (avatars) and verify ownership.
Earlier in the week, rumors had begun to circulate about the plans of Reddit after Nima Owji, a software developer and engineer who in the past has discovered other social app features before their official announcements, took to Twitter to share a screenshot that unveiled the development.
#Reddit is working on #NFT profile pics as well! pic.twitter.com/l2cqfSuIbK
— Nima Owji (@nima_owji) January 21, 2022
Reddit develops Twitter-like NFT feature
The report suggests that the new feature of Reddit would be very similar to the one deployed by Twitter just a few days ago. As reported by DiarioBitcoin the successful microblogging platform a place to buy, sell and store cryptocurrency presented a function which allows users to verify NFTs as profile pictures. The service, currently only available to premium users of Twitter Blue The NFT profile images are displayed in a hexagon shape to differentiate them from traditional images.
The news also comes at a time when social media giants are becoming increasingly interested in collectibles. This week, the CEO of YouTube , Susan Wojcicki, adelantó that the platform is exploring the possibility of integrating NFT as a monetization alternative for its creators.
Meanwhile, another recent report indicated that Facebook e Instagram owned by Meta they may soon allow their users to create and sell NFTs from the platforms; though the social media giant’s plans could be even more ambitious, as the company appears to be developing its own collectibles marketplace, as reported by Financial Times .
It is unclear at what point he plans to Reddit launch its new function Nor are the details of how NFT support would work known. Rathschmidt told Tech Crunch that testing with NFT is still at an early stage and that the feature is not yet available to users.
This is a small internal test and no decisions have been made on capacity expansion or implementation.
Reddit has been experimenting with NFTs for some time now. The platform created a dedicated page exclusively for activities related to this sector, nft.reddit.com . It also launched last year its own collection of NFTs based on Ethereum. Referred to “ CryptoSnoos “ the limited series is made up of varied and fun designs of the alien mascot from Reddit.
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- Instagram “actively exploring” NFT integration, CEO confirms
Article versioned by Hannah Estefania Perez / DiarioBitcoin
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