Category - NFT

Reddit releases NFT series through its own marketplace

NFT

Reddit is launching the next NFT series through its own marketplace “in the next few weeks.” The social news aggregator announced this in a press release.
The collection comes from independent artists who, according to Reddit, are paid for each copy sold. The price range for the NFT is between 10 and 100 US dollars.
With the purchase, the owner receives the licensing rights and may use the artwork both inside and outside of Reddit, for example, as a profile picture. In addition, avatars are tradable.
No cryptocurrencies are required for the purchase, it continues. The prices for the copies are fixed, and you have to pay with fiat currencies.
The technical basis is the Polygon blockchain.
Reddit already experimented with NFT functions in January. At that time, the platform published the “CryptoSnoos” collection via Ethereum.

NFT: Lindsay Lohan collaborates with Justin Sun

In recent weeks, more and more celebrities have released their own Non-fungible Tokens (NFT). The famous US actress, artist, and singer Lindsay Lohan also wants to issue her own NFT – Justin Sun is helping her.

The NFT space is breaking record after record, and only recently, the sector’s total turnover exceeded $600 million. Many non-fungible tokens have been sold for several million US dollars in recent months. For example, Beeple, an extremely well-known artist in the crypto space, raised over $69 million as recently as early March through his NFT collection “EVERYDAYS: The First 5,000 Days.”