Reddit Integrates Ethereum NFTs, Allowing Users to Display Avatars on Their Profiles By DailyCoin


Reddit Integrates Ethereum NFTs, Allowing Users to Display Avatars on Their Profiles

In January, it was reported that Reddit, a social network that markets itself as “the front page of the internet,” had begun testing a feature that would allow its users to set any NFT they own as their profile picture.

In early April, Reddit confirmed that it has integrated ethereum-based NFTs onto its platform. At launch, Reddit auctioned four NFTs on OpenSea for as much as $400,000 each.

Reddit Offers Limited NFT Options

The NFTs auctioned by Reddit, under the ‘CryptoSnoos’, collection, are the only digital artworks that can currently be used as avatars on the Reddit platform.

Owners of other NFTs will have to settle for using them in jpeg form for their profile pictures. However, customization of NFTs is not permitted, limiting the potential available to users.

Experts have suggested that the current limited options on the Reddit platform are simply due to the feature being in its early testing phase.

Many suggest that, in future, Reddit could allow users to use NFTs from other collections as their avatars on the platform once the integration is fully complete. There is also a future speculation that users will eventually be able to mint NFTs on Reddit.

On the Flipside

  • Redditors have raised concerns about the high NFT prices, with some others mocking their “uselessness.”

Why You Should Care

As Reddit hopes to keep up with the innovation of the crypto industry by integrating NFTs into its platform, the use of non-fungible tokens will increase alongside it.

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7 404 "Not Found"]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related news
- Advertisement -spot_img
Related news

LEAVE A REPLY

Please enter your comment!
Please enter your name here