{"id":5489,"date":"2022-07-08T00:44:07","date_gmt":"2022-07-08T00:44:07","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=5489"},"modified":"2022-07-08T00:44:07","modified_gmt":"2022-07-08T00:44:07","slug":"reddit-launches-nft-marketplace-compatible-with-ethereum","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=5489","title":{"rendered":"Reddit launches NFT marketplace compatible with Ethereum"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Social media side, Reddit has launched a non-fungible token (NFT) marketplace specifically for profile pictures and avatars, TechCrunch reported July 7<\/p>\n<p>According to the report, the company would release 90 different NFT avatars, which would be available for sale at fixed prices of $9.99, $24.99, $49.99, $74.99, and $99.99.<\/p>\n<p>The social media site\u2019s users do not need a crypto wallet to buy the NFTs, as they can use their credit or debit card to purchase and store the NFT in their Reddit Vault.<\/p>\n<p>Reddit users use Vault to store community points and buy app features.<\/p>\n<p>Buying one of the limited edition NFTs gives the owner the right to use it as a profile picture across their social media platforms.<\/p>\n<p>Meanwhile, users have the avatar builder where they can customize their Avatar look using the available merch. The avatar will also glow next to the comment of those using it.<\/p>\n<p>The avatar collection has been minted on layer two blockchain, Polygon (Matic). So they would be compatible with Ethereum (ETH).<\/p>\n<p>This is not the first time Reddit would integrate NFT into its product. The company tested NFTs for profile pictures earlier this year after Twitter released a similar function.<\/p>\n<p>Last year, it also released CryptoSnoos, a limited NFT collection inspired by its mascot, Snoo.<\/p>\n<p>For now, the avatars would only be available to members of the exclusive invite-only subreddit, r\/CollectibleAvatars. This group would have a first look at the NFTs and get a behind-the-scenes scoop about it.<\/p>\n<p>But others who are not part of the community would still be able to buy the NFTs later when it becomes available on the avatar builder page.<\/p>\n<p>Meanwhile, Reddit will be sharing royalties from the secondary sale of the NFTs 50\/50 with artists involved in the project, some of whom are on Reddit communities such as r\/AdobeIllustrator, r\/Comics, and r\/ProCreate.<\/p>\n<p>Reddit said this is an early-stage project as it intends:<\/p>\n<p>To bring more empowerment and independence to communities on Reddit. Reddit has always been a model for what decentralization could look like online.<\/p>\n<h2>Get an Edge on the Crypto Market \ud83d\udc47<\/h2>\n<p>Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/reddit-launches-nft-marketplace-compatible-with-ethereum\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social media side, Reddit has launched a non-fungible token (NFT) marketplace specifically for profile pictures and avatars, TechCrunch reported July 7 According to the report, the company would release 90 different NFT avatars, which would be available for sale at fixed prices of $9.99, $24.99, $49.99, $74.99, and $99.99. The social media site\u2019s users do [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-5489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5489"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5489\/revisions"}],"predecessor-version":[{"id":5491,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/5489\/revisions\/5491"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/5490"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}