What are Reddit NFT avatars?

Reddit NFT avatars are hosted on the Polygon blockchain and make up multiple separate collections. They are based on Snoo, Reddit's alien-like avatar-cum-mascot. Polygon is a layer-2 Ethereum solution and stands as a top choice for DApp and DeFi service developers. As you may have guessed, Polygon can also be used to operate NFT marketplaces.

What is a Reddit NFT?

Reddit NFTs, like many other NFTs, don't do much in terms of functionality. They are tokens, after all, so their main purpose is to hold value (subject to demand). But these avatars can also be set as Reddit account profile pictures. Beyond this, you can sell or trade your Reddit NFTs with other collectors.

What are Reddit avatars and how do they work?

The avatars give users platform benefits (like unique profile animations) and allow Redditors to use their avatars as they see fit off the platform. These NFTs emerged from the context and the success of Reddit’s then-recently-updated Avatar Builder, which the platform launched in 2020.

Is Reddit anti-NFT?

The Reddit community, broadly speaking, is notoriously anti-NFT. Yet the web2 social media giant’s foray into the NFT space with the Reddit Avatars collection in July 2022 was a smash hit. The initial collection of 40,000 NFTs sold out quickly on the Reddit marketplace. They are now available only on secondary NFT marketplaces such as OpenSea .