Reddit a social news aggregation and content-creating website based in the US is launching an NFT avatar marketplace. This will allow users to buy profile pictures that are blockchain-based avatars at a specific price.
Transactions on the Reddit NFT Avatar Marketplace Do Not Need a Crypto Wallet
To make purchases on the Reddit NFT avatar marketplace buyers do not need to have a crypto wallet.
According to Reddit, the buyers can purchase avatars with their credit or debit cards. They can also make use of Reddit’s wallet to store their products.
The avatars were created by Redditors and are available initially to a small number of people.
The company said that the early birds who will purchase the limited edition of the NFT collection will have the license to use their avatars on and off the Reddit platform. Therefore, the holders will have the luxury of mixing and matching their avatars according to their taste.
How to Access the Reddit NFT Avatar
The NFT avatar first is open to a small group of users today i.e members of the r/collectibleAvatars subreddit. The members of this community will get some perks which include: info on how to set up their wallets, AMAs by artists, and behind the scenes of one-off profile pictures.
non-community members will get the avatar in the coming week on the avatar builder page of the company. Unlike other NFT marketplaces where the prices of NFTs fluctuate, the prices of avatars are sold at a fixed rate. They are also available for purchase with fiat currencies such as US dollars. And the price ranges between $9.9 and $99.9.
Reddit sees the NFT profile picture as a project still in its early stage.
In a statement made by the company, blockchain is a way to empower and bring independence to the communities on Reddit.
Also, in a bid to fulfill the company’s mission to empower communities, the company is exploring several ways to help them become self-sustaining and self-governed.