The popular online forum platform a place to buy, sell and store cryptocurrency will now sell NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. avatars, based on Polygon, which users can modify and display on their profiles.
- Reddit launches NFT avatar marketplace.
- The first series in partnership with artist is 90 designs.
- The social network a network refers to all nodes in the operation of a blockchain at any given moment in time. had already started exploring NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). in early 2022.
Reddit the online social forum platform, announced Thursday that it is launching a new marketplace for avatar-based trading. tokens no fungibles (NFT).
Users of Reddit will be able to purchase limited edition avatars to display on their profile pictures, as well as customize them with accessories. You don’t need a cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. wallet a place where cryptocurrency users can store, send and receive digital assets. to purchase them either, as debit and credit card payments will be accepted and they can be stored in your own wallet. Reddit call, call Vault .
In a communiqué the social network said it is initially launching 90 different avatar designs, with multiple NFTs of each, which are made by independent artists who partnered with Reddit .
The series of “ tens of thousands NFT’s “NFT will be on sale at Avatar Builder a space of Reddit to generate and customize avatars. In addition, in the same space, users will be able to change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. the look of their pets with the available merchandise. However, in a first phase, only the community of Reddit will have access to the NFTs via the forum the subreddit r/CollectibleAvatars .
NFTs, which are based on the scalability platform from Ethereum a decentralized open-source blockchain with smart contracts functionality. , Polygon will be available to the general public at “ the next few weeks “, indicó la red social en el comunicado.
Reddit continues to explore NFTs
Similar to the hexagon that uses Twitter to identify the NFTs arranged in the profile images, Reddit has added a “glitter effect” for users to be able to visually recognize NFT avatars.
Those who frequently browse the social network are familiar with the site’s popular mascot, Snoo. Unlike other social networks such as Facebook o Instagram in Reddit it is common for users to use different versions of Snoo as their profile picture; hence the platform has chosen to launch a space for customizable NFT avatars.
These collectibles can be stored in Vault , a wallet powered by Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. de Reddit donde los redditors actualmente almacenan sus puntos comunitarios. Además, can be traded on secondary markets such as OpenSea o SuperRare as explains The Verge but they cannot be sold directly in Reddit at least for now.
For the time being, avatars also have a fixed price as notes Tech Crunch The NFTs range from $10 to $100, depending on their design. NFTs can be purchased with fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currency, such as US dollars.
Reddit also said he has partnered with artists who make a living on the platform, such as r/Comics , r/ProCreate y r/AdobeIllustrator , for this first collection. The creators receive royalties from the sale of their designs in secondary markets.
To empower creators
This is not the first foray of Reddit in the NFT space. Like other popular social platforms, the forum site has been exploring the sector since earlier this year. First, testing a function that would allow users to set up any NFT based on the Ethereum as your profile picture. Then, with your own collection ” CryptoSnoos “ inspired by your mascot.
The platform’s most recent move comes as other social media giants also expand into collectibles. Facebook e Instagram ya he started testing NFT functions in recent weeks, to allow its users to display NFT sharing; while others such as Twitter were already in the lead before.
To Reddit The adoption of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. collectibles is focused on the ability to empower artists, an approach that other platforms like YouTube also they noted. In their statement, Reddit commented on the matter and said that the NFT profile picture feature is still in the early stages, but that he plans to explore more features with the technology.
In the future, we see blockchain as a way to give more power and independence to the communities in Reddit . Reddit has always been a model of what online decentralization the handover of control from a central authority to several different custodians. could look like; our communities are self-built and self-managed, and as part of our mission to better empower our communities, we are exploring tools to help them become even more self-sufficient and autonomous.
- Facebook begins testing new NFT feature in the U.S.
- YouTube reinforces interest in NFTs, says it also sees opportunities in Web3 and metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users.
- Reddit, another social network working to add support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for NFTs
Article by Hannah Estefania Perez / DiarioBitcoin
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