Reddit allows users to buy blockchain-based avatars.

July 7, 2022

Social media platform Reddit launched an NFT-based avatar marketplace for its users today.

Users will be able to buy these avatars using debit or a credit card and won’t need a crypto wallet.

Reddit announced that it is releasing 90 different designs with “tens of thousands” going for sale in the early phase.

The company noted that if you purchase one of its limited-edition NFTs, you will have licensing rights to use it on and off Reddit as an avatar.

Earlier this year, Reddit tested a feature that would allow you to set any Ethereum-based NFT as your profile picture.

Reddit has partnered with Polygon, an Ethereum-compatible blockchain, to mint these NFT avatars on-chain.

Users will be able use Reddit’s own blockchain wallet, Vault, to store and manage these NFTs