Taking a new new turn or making a new shift towards a different direction is always good and encouraged especially if it leads to a.positive impact. Non fungible tokens NFTs have been a masterpiece in the new age of technology, despite the fact that many still fail to see the transition which is happening slowly but surely. Time is all that is required.
Seeing the news of Reddit launching NFTs collectible sounded very exciting. The main reason is just seeing how social media, I mean web2 are slowly making the alignment. If I'm not wrong, meta (Facebook) have tried launching one as I saw a while ago but don't know the deal.
So, it seems like having a collectible avatar as a profile picture is the deal now to represent ones characteristics. The video Snoop Dogg and Eminem made with their bored ape made a big fuss erupting NFTs.
Reddit is building their NFTs on Polygon blockchain as a result of its low-cost transactions and the reliability of the blockchain.
Reddit will also launch an Ethereum-compatible wallet called a Vault, which means Reddit is taking it's taking its social media to the next level. I think the news to follow would be one can purchase cryptocurrency on reddit, what do you think?
Although, Reddit isn't calling them NFTs but collectible avatars but one thing for sure is that, it is what is, which is an NFT.
These collectible avatars remind me of Pokemon.
Price would range from $9.99 to $99.99 which is affordable and can be purchased using fiat and not crypto which I think is a total turn off. I know Reddit is a big community in which this launch is all about but wanting more ground, crypto purchase makes it better.
Last year, Reddit introduced CryptoSnoos an NFT project which didn't go as planned, yet they're back again and o hope it all pans out.