NFT reddit is a community of users interested in Non-Fungible Tokens (NFTs), tokenized assets which represent ownership of pictures, audio, videos or tweets.
Reddit and Polygon joined forces this July to launch NFT avatars created by independent artists, stored on an Ethereum-compatible blockchain.
CryptoSnoos
Redditors might have heard about CryptoSnoos, an exciting new game based around non-fungible tokens stored on blockchain technology.
This game allows users to create their own avatars using various clothing styles, hairstyles, accessories and animations to use as Reddit profile pictures. Once complete, their creation can then be uploaded as their Reddit profile picture.
Reddit was launched in 2005 as a social networking platform that emphasizes community-generated content. Users are allowed to upvote or downvote posts which impacts their ranking on Reddit.
In 2021, Reddit issued “CryptoSnoos” NFTs to commemorate its 15th anniversary. These digital assets feature artwork by independent artists depicting renditions of its Snoo mascot. You can purchase these digital assets directly on Reddit and send them straight into your crypto wallet for safe keeping or trade them on NFT marketplaces.
CryptoSnoos offer you a unique way to show your support for social networking platforms with their iconic alien mascot Snoo in different art styles and historical periods, from pixelated block images and disco balls, to sparkling helium balloons.
Some NFTs are available free, while others can be purchased at a high price. Prices depend on each CryptoSnoos NFT’s stock level; legendary, epic and rare versions tend to cost more than their counterparts.
CryptoSnoos also incurs another fee beyond its purchase price: when NFTs are resold on secondary marketplaces, owners receive a 5% royalty. Creators of avatars also benefit from this royalty payment when their avatars are resold.
If you are interested in collecting collectible avatars, visiting Reddit and clicking on the “NFT” tab are two great ways to purchase one. Simply select your avatar image, click it, and pay.
Once you have selected your CryptoSnoo, it will appear on Reddit as your Reddit avatar and you can then post comments using its name to post directly into forums on Reddit. Your comments will also feature an animated glow alerting everyone that you own one of these valuable NFTs!
Your CryptoSnoo can then become your avatar on other social media platforms; however, the CryptoSnoo experience was designed primarily for Reddit desktop use.
Display your CryptoSnoo in several ways, from connecting it to your MetaMask wallet and adding it as your profile picture on Reddit to adding it in your Vault – an offsite storage space designed for blockchain assets.
Additionally, CryptoSnoo offers you the ability to send your coins directly to a wallet of your own and trade them on NFT marketplaces for even more coins – giving you a chance to start collecting your own collection and earn even more NFTs in return!
Free NFTs
Reddit is a social media and community platform where users can discuss, post and share content. Users vote on posts which determines whether it is considered popular among other users.
Binance is a cryptocurrency market where you can buy and sell digital assets, with Ethereum (ETH) being the most widely held digital asset on offer; their exchange boasts one of the highest trading volumes by volume.
Reddit acknowledged cryptocurrencies as an alternative payment mechanism in 2013 for in-app purchases, signaling its support of the crypto industry.
Reddit recently entered the NFT space by airdropping Polygon blockchain NFTs to its top community builders – marking an exciting step for Reddit as it solidifies their presence within blockchain, cryptocurrency and NFT markets overall.
While NFT avatars are being given away free to select Reddit users via airdrop, they’re still available for purchase if you aren’t among their ranks and don’t qualify. This provides everyone with an opportunity to own one without waiting 2,500 Karma points before getting one!
These NFTs feature various styles and have been created by independent artists on the platform. Some designs may even reflect real events or celebrities; you don’t want to miss these designs! You won’t want to!
NFTs come in various collections, such as Aww Friends, Drip Squad and Meme Team. Aww Friends NFTs are soft and cute while Drip Squad NFTs can add style. Meme Team NFTs may seem more offensive.
As previously noted, these NFTs are created by independent artists with access to Reddit’s platform who publish their work on the Reddit Avatar Marketplace. Artists typically make 5% profit off sales of their NFTs – enough to cover minting costs and blockchain fees.
Reddit users who love NFL teams can now claim an NFT from their chosen squad free until February 13th when Super Bowl 52 kicks off! You will find these collectibles under “Your Stuff” section of your personal profile on Reddit app.
Each collectible features an exclusive image of Snoo, Reddit’s alien mascot. These come in different styles such as one featuring a pixelated image while another may display disco ball details.
So far, the collection is proving an enormous success: users have claimed over 651,800 National Frequent Traveller (NFTs) since its launch date – an impressive figure given that at that point in time there were 2.3 million OpenSea wallets active.
Recent months have brought significant developments to both the crypto and NFT spaces, including Reddit’s entry into cryptocurrency trading and NFL’s elimination of NFTs from their roster of products. We can expect additional action on both platforms.
Limited edition NFTs
Reddit community recently unveiled a collectible avatar marketplace. Powered by blockchain technology, this bold move could allow them to explore novel uses for NFTs – such as rewarding users or increasing reputation within communities.
Reddit describes its Collectible Avatars as limited-edition avatars created by independent artists in partnership with Reddit. Users can use these pieces of artwork as profile pics on Reddit and third-party platforms; Reddit coins them onto its blockchain wallet known as Vault for safekeeping.
NFTs can also be resold, giving their new owners an opportunity to showcase them to friends and followers on social media – increasing both the value of NFTs as well as helping artists establish themselves.
So far, these NFTs have sold for prices ranging from 175 ETH (roughly $228,500) to 42 ETH (about $117,000), with one selling for an impressive $398,000 in auction last year.
In its blog post, the company explained that new feature threads (NFTs) have been created so subreddits’ members may express themselves on the platform with NFTs that feature an additional glow-effect next to comments in communities.
Reddit allows customers to purchase Newfound Treasures with either a credit or debit card, or using the Vault wallet within its app. Once purchased, these NFTs can be redeemed for Reddit community points that can then be redeemed against purchasing items on Reddit itself.
As part of its launch, Reddit partnered with independent artists to produce over 90 designs available for sale on its NFT marketplace. Many are currently sold-out; however, Reddit plans on releasing more in the near future.
It is encouraging news for the NFT industry that there is demand for these art pieces; as more people discover them and start buying them, their popularity should increase further.
Reddit NFTs provide Redditors with an outlet to showcase their own art creation. Producing NFTs can be both enjoyable and challenging – sometimes all at the same time!
An NFT requires time and energy from its creator; therefore, marketing and selling should also take some consideration before embarking on its creation. Only you know whether or not creating one is worthwhile!
If an artist lacks the time or expertise necessary to establish an NFT themselves, platforms like Beeple may provide an easy solution by uploading artwork directly onto blockchain technology. As compensation for their service fee and royalties from sales on third-party platforms.