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.