Interest in limited edition Reddit avatars has spiked this week, with the most expensive examples reaching a peak floor price of 2.8 ETH—or about $3,700. Reddit Collectible Avatars have taken the social media site by storm. By never mentioning NFTs or even cryptocurrency explicitly, Reddit has managed to onboard millions of users.
What is collectible avatars on Reddit?
According to Reddit’s blog post, Collectible Avatars is an effort to empower artists on Reddit by providing them with an easy way to showcase their work and make a profit off it, since the series includes contributions from artists who frequently post on popular subreddits.
Can I monetize my Avatar?
Do not monetize avatars or use your avatar as part of any marketing materials. Commercial use is reserved exclusively for Reddit and licensed partners. Reddit reserves the right to revoke personal/non-commercial use of avatars for any reason. Do not use avatars in a way that suggests or implies partnership, sponsorship, or endorsement by Reddit.
Did Reddit fans miss out on NFT collectible avatars?
While many in the Reddit community are exuberant about their newly received and often valuable avatars, die-hard NFT fans appear to have missed out on the excitement. The Reddit Collectible Avatars have been known in NFT circles since their July launch but largely disregarded.
