HomeBlockchainReddit Ready to Launch Blockchain-backed Avatars 

Reddit Ready to Launch Blockchain-backed Avatars 

Reddit, the online discussion forum, has recently grabbed the attention of crypto enthusiasts with its announcement that it will launch collectible avatars on the Polygon blockchain platform. The public can get their first look at these amazing blockchain-backed avatars if they join the Reddit community.  

This collection is a limited edition by Reddit, which will provide an opportunity for independent artists using the Reddit website to showcase their talent to the world. Though, as per the announcement, it’s available on the Polygon blockchain, people can buy them using local currencies. Vault will handle the management of these avatars; it’s a wallet powered by blockchain.  

Reddit’s announcement of its new collectible launch is powerful evidence of the brand’s commitment to art. The company hopes to offer a supportive hand to those artists who have been unable to bring their work to the forefront and will even provide royalties from secondary sales to empower artists. Such initiatives will not only encourage creativity but also lead to a broader acceptance of digital art.  

You can use the avatars for profile pictures on your Reddit account. In addition, avatar owners will receive excellent benefits like receiving a small share of secondary sales in the future.  

Reddit said it doesn’t currently consider avatars as nonfungible tokens (NFTs) and that cryptocurrencies are not part of the process of buying or selling them. However, Reddit indicated that Blockchain-backed Collectible Avatars are one of the early steps they are taking to test out the potential benefits of this concept on Reddit.  

The authorities commented that avatar creation is an initiation of a concept whereby artists can portray their skills and explore the possibilities of blockchain technology. Hopefully, such initiatives will bring revolutionary changes to the Web3 platform. 

On mentioning the future initiatives of Reddit, they said that when it comes to empowering communities on Reddit, blockchain is the only way out. Such innovative and creative concepts will encourage companies to invest in digital art and help it grow.  

Sudeshna
Sudeshnahttps://thecryptonian.one/
As a passionate content writer, she is always eager to explore new topics. Through her blogs on cryptocurrencies, blockchain technology and non-fungible tokens (NFTs), she intends to help newbies gain a better understanding of the crypto world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Shemaroo Entertainment Will Now Offer Metaverse Cinema Experience 

Shemaroo Entertainment took the film fraternity and movie lovers by the awe with their announcement to open a metaverse theater in Decentraland. The company had...

A+E Networks Plans To Release History Channel NFT Collection

Over 25 glorious years of entertaining and educating people about varied historical facts and cultural moments, A+E networks now venture into web3. In an announcement,...

South African Teens Treat crypto As An easy Money Medium 

John, a 21-year-old boy, resides in Langaville Township with his parents. Like many teenagers, he dreams of becoming rich one day, but his method seems...

Disney Is Hiring! Are You A Crypto, NFT Or Blockchain Enthusiast? 

Recently a job post by Disney on LinkedIn took the crypto community by speculative theories and assumptions. The entertainment company is looking for a corporate...

Stay Connected

1,021FansLike
300FollowersFollow
- Advertisement -

Similar articles

- Advertisement -
spot_img