You can call it a “collectible avatar,” but it’s still a blockchain-based image sold with an exclusive license we call NFT, no? We’ll let you decide for yourself.
It looks like an NFT, and it sells like an NFT, but Reddit claims its newly launched limited-edition digital items are just…. “Collectible Avatars?”
Tell me more
You can buy Reddit’s blockchain-based profile pictures for a fixed rate in the Reddit Avatar Builder.
You need not have a crypto wallet to buy the artist-made, digital cartoon characters. Your credit or debit card should be enough.
Collectable avatars are stored and managed in the Vault, Reddit’s own blockchain-powered wallet, where Redditors currently store their community points.
They can be traded on secondary marketplaces like OpenSea or SuperRare.
Made by independent artists who’ve partnered with Reddit, the Collectibles will have a “glow-like effect” in comments sections, adding a visual flourish similar to the hexagon that Twitter uses to identify NFT avatars.
What’s more, you can mix and match your avatar’s look with merch available in the avatar builder!
The avatars are backed by the Polygon blockchain and owners will be licensed to use them on and off Reddit.
Since there’s no auction, all NFTs have a fixed price and can be bought through currencies like U.S. dollars.
Listing prices for these NFT avatars range are $9.99, $24.99, $49.99, $74.99, or $99.99.
Artists will be paid each time their avatar is purchased and are entitled to royalties for any secondary sales.
90 different designs will be released in this early-access sale phase.
This is not Reddit’s first rodeo with NFTs.
Last year, Reddit released limited-edition NFTs based on its mascot Snoo called CryptoSnoos, which were pieces of art that come from different dimensional coordinates across spacetime.
Too long? Here’s a one-liner: Reddit launches artist-made “collectible avatars” blockchain-based digital cartoons sold with an exclusive license on its platform.