Reddit releases cursed NFT avatars in new crypto foray

Reddit aliens in different outfits stand against an orange background.

Screenshot: Reddit

Reddit has just announced and opened the “Collectible Avatar” store. In this hub, you can buy artistic renditions of the social site Snoo’s congenial alien mascot, except they are all NFTs. Hold until applause or until the appearance of vomit from the mouth.

Reddit has been screaming its love for cryptocurrencies for years, but lately it has been especially interested in marrying its fan-favorite mascot to non-fungible tokens. In 2021, for example, the site released a line of “CryptoSnus”, what people bought for over 100 Ethereum (ETH) each, currently valued at $120k. In January of this year, Reddit doubled down and experimented with allowing users to use their NFTs as profile picturestherefore, the new collectible avatar showcase is the culmination of these previous efforts.

AT blog post July 7Reddit stated that purchasing its collectible avatars, which look a bit like themed trading cards, “will provide owners with unique benefits on the Reddit platform.” These benefits include the ability to dress up your avatar with already available accessories. in the Reddit avatar maker and a “glow effect” around your profile picture. I know you’ve probably been waiting your whole life for the glow effect around your Reddit profile picture, so try not to pee your pants in excitement.

While collectible avatars exist on the blockchain, you can also buy them with real money. But anyone who buys an avatar will keep it on Reddit. own crypto wallet Vault, which is currently in beta testing. Community Points – ETH based tokens are rewarded based on participation in a subreddit, something on Reddit. working since 2019are also stored in the Vault.

Reddit reports that collectible avatars will be available to the general public over the next few weeks, but you can get more information about Avatar performers and early access by joining r/CollectibleAvatarssubreddit with member limit.

If you join, you will immediately be able to purchase a Collectible Avatar from the existing Reddit Avatar Builder, but with an added Collectible Avatar Shop. As of this writing, you can buy Avatar for as little as $99.99 or as low as $9.99. Some of them look cool and reddit said edge Boring blockchain payments take only 5% of sales, the rest goes to the artist who made them.

To be honest – I know this is all terrible for an Earth that’s already on fire, and probably bad for a social media lover’s wallet – I don’t think buying Reddit’s $9.99 NFT with fiat money is too different from buying League of Legends leather. Of course, this is not very sexy, but the process of playing League of Legends. Since Reddit no longer makes people pay a down payment on a house to get one of its smiling aliens, I’m going to forgive and say this is regular capitalism, not Web3. Anyway, see you next year when the San Francisco techs announce that they too have turned our brains into NFTs.

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