Reddit, among the biggest micro-posting websites on the web, is supposedly venturing even more into the world of non-fungible tokens (NFTs). The business is checking a brand-new performance that enables users to set NFTs as profile pictures, something Twitter is currently doing now. Reddit launched its own batch of NFTs, called Cryptosnoos, in June 2021, albeit through a restricted release.
Reddit to Delve More Into NFTs
Reddit, among the leading micro-posting websites on the web, is supposedly checking NFT-related performance on its platform. According to Techcrunch, the business is checking a function that will enable its users to set NFTs as profile pictures on the platform. The statement was made by Reddit representative Tim Rathschmidt, who specified:
We’re constantly checking out methods to supply worth for users and neighborhoods on Reddit. At the minute we’re checking the capability to utilize NFTs as profile images (avatars) and confirm ownership.
Rathschmidt even more specified that this is a little, internal test, and the business has actually still not taken a choice when it pertains to the application of this performance for the basic userbase. Reddit follows the lead of another social networks giant, Twitter, which released a comparable performance just recently, permitting confirmed users of the platform to set NFTs as their profile images and confirm ownership of these properties.
Reddit’s Previous NFT Relocations
The reported internal tests are really not Reddit’s very first venture into the world of NFTs. In 2015, the business provided its own batch of non-fungible tokens called Cryptosnoos. Users that obtained these NFTs had profile photo performance on Reddit, and the platform consisted of benefits for owners of these properties — a few of which are now priced at over 100 ETH on Opensea. The brand-new tests, nevertheless, would enable all sort of NFTs to be utilized in the very same method, with Reddit being less limiting on the problem.
Reddit has actually likewise been open to the concept of cryptocurrency on its platform. The business released a token beta program in December that would enable specific subreddits to get rewarded for their contributions in native tokens. These tokens would reside on a blockchain utilizing Arbitrum, the Ethereum L2 service, as the base. The business did not comment relating to the network on which the NFTs consisted of in the test were based.
What do you think of NFTs as profile pictures for Reddit users? Inform us in the remarks area listed below.
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