Reddit has partnered with Polygon to launch an NFT-based avatar marketplace that will allow users to get their hands-on blockchain-based collectible avatars. The Announcement was created by Reddit in one of their recent blogs.
The social news aggregation platform stated that the whole inspiration for this came from the success of avatar, which was launched two years ago. Seeing the popularity of avatars, Reddit thought about giving users the right to create personalized avatars.
Reddit avatars don’t have an auction method like NFTs
Unlike regular NFTs, there will be no auction for Reddit avatars. The blockchain-based profile pictures will be for sale at a flat rate. Users do not need crypto to buy the avatars.
Reddit has announced that 90 unique avatars will be available for purchase in the early access period. The limited edition NFTs will also grant licensees to holders. Users can also use the avatars on their profiles and also outside of Reddit. The platform also allows users to create their own avatars with the avatar builder, where they can mix and match the features of each avatar to create a unique avatar. This also gives a glow-like effect to the profile picture.
The avatars also provide users with unique benefits on the platform. Collectable avatars will be different from normal avatars. The collectible avatars can be stored in Reddit’s Vault and do not require a separate cryptocurrency wallet.
Reddit has meddled with NFTs before. The platform also tested the Ethereum-based NFT user profile picture feature. Reddit’s latest development is in partnership with Polygon.
All these NFT avatars have fixed costs, with no auction mechanism. The first collection will be released in collaboration with several artists from the community. With the rising popularity of NFTs, several industry giants are testing the feature.