Reddit just announced and launched a Collectible Avatar storefront. In this hub you can buy art renderings of the social site’s congenial alien mascot Snoo, except they’re all NFTs. Hold for applause or until a little vomit comes out of your mouth.
Reddit has been shouting its love for crypto for years, but lately it’s been particularly keen to wed its fan-favorite mascot to non-fungible tokens. 2021 for example the website released a series of “CryptoSnoos”, Which humans for more than 100 Ethereum (ETH) each, currently valued at $120,000. This January, Reddit doubled down and experimented with it Users can use NFTs they own as profile picturesas such, the new Collectible Avatar storefront is a culmination of that earlier effort.
in the a blog post from July 7th, Reddit said that purchasing its Collectible Avatars, which look a bit like themed trading cards, “would offer owners unique benefits on the Reddit platform.” These benefits include the ability to dress up your avatar with accessories already available in Reddit’s avatar builder and a “glow-like effect” around your profile picture. I know you’ve probably been waiting your whole life for a glowing effect around your Reddit profile picture, so try not to pee your pants with excitement.
Although the Collectible Avatars exist on the blockchain, you can also purchase them for real cash. But everyone who buys an avatar saves it to Reddit proprietary crypto wallet Vault, which is currently in beta. Community Points – ETH-based tokens rewarded based on subreddit engagement, some Reddit been working on it since 2019– are also stored in Vault.
The Collectible Avatars will be available for purchase by the general public in the next few weeks, Reddit says, but you Learn more about Avatar Artists and Early Access by joining r/CollectibleAvatarsa subreddit with a member limit.
When you join, you can immediately buy a collectible avatar from Reddit’s existing avatar builder, but with the added collectible avatar store. As of this writing, you can purchase an avatar for as little as $99.99 or just $9.99. Some of them look cool and Reddit tells The edge only 5% of revenue is required for boring blockchain fees, the rest goes to the artist who made them.
Honestly — I know this is all awful for the earth that’s already ablaze, and it’s probably bad for a social media addict’s wallet — I don’t think buying Reddit NFTs worth $9.99 with fiat money is too different from buying a sexy League of Legends Skin. It’s certainly not very sexy, but neither is the gaming League of Legends. Since Reddit no longer forces people to put down a down payment on a house to get one of its smiling aliens, I’ll be lenient and say that this thing is just regular capitalism and not Web3’s way. Anyway, see you next year when the tech guys from San Francisco announce they’ve made our brains into NFTs too.
https://kotaku.com/reddit-nft-blockchain-based-snoo-avatar-vault-polygon-1849154795 Reddit releases cursed NFT avatars in a new crypto foray