Reddit Integrates Ethereum NFTs, Allowing Users to Display Avatars on Their Profiles

In January, it was reported that Reddit, a social network that markets itself as “the front page of the internet,” had begun testing a feature that would allow its users to set any NFT they own as their profile picture.   

In early April, Reddit confirmed that it has integrated ethereum-based NFTs onto its platform. At launch, Reddit auctioned four NFTs on OpenSea for as much as $400,000 each. 

Reddit Offers Limited NFT Options

The NFTs auctioned by Reddit, under the ‘CryptoSnoos’, collection, are the only digital artworks that can currently be used as avatars on the Reddit platform.

Owners of other NFTs will have to settle for using them in jpeg form for their profile pictures. However, customization of NFTs is not permitted, limiting the potential available to users. 

Experts have suggested that the current limited options on the Reddit platform are simply due to the feature being in its early testing phase. 

Many suggest that, in future, Reddit could allow users to use NFTs from other collections as their avatars on the platform once the integration is fully complete. There is also a future speculation that users will eventually be able to mint NFTs on Reddit.

On the Flipside

  • Redditors have raised concerns about the high NFT prices, with some others mocking their “uselessness.”

Why You Should Care

As Reddit hopes to keep up with the innovation of the crypto industry by integrating NFTs into its platform, the use of non-fungible tokens will increase alongside it.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia