Reddit has stated that it will be increasing its features related to the current trend of NFTs, which will be comparable to what Twitter now provides to its paying customers. Users will be able to use any NFT they own as their profile picture, not just Reddit’s Ethereum-based NFTs, known as “CryptoSnoos,” which were distributed in limited amounts last year. Twitter recently announced a similar tool that allows users to put their NFTs as profile photographs, with the photos providing information on the NFT when clicked and appearing as hexagon-shaped images to distinguish them from the regular Twitter profile shot. However, the specifics of Reddit’s support for NFTs have yet to be determined.
The social media discussion platform remarked that this feature is yet to be made open to the public as it is still in its testing phase. Reddit spokesperson Tim Rathschmidt said, “We’re always exploring ways to provide value for users and communities on Reddit. At the moment we’re testing the ability to use NFTs as profile pictures (avatars) and verify ownership.”
He further added, “It’s a small, internal test, and no decisions have been made about expanding or rolling out the capability.”
Reddit and NFTS
Reddit is no stranger to the world of NFTs. The media platform is a long-time admirer of the potentials locked up in the sector. For a long time, Reddit has been testing various NFT-related efforts, even creating a separate page for NFT-related tasks. However, the page is mostly focused on Reddit’s digital assets, the CryptoSnoos.
The “Snoo” component of the name refers to Reddit’s alien mascot, dubbed “Snoo,” while the collectibles altogether are modifications to Snoo’s picture. One depicts the logo as a blocky figure, while another displays it like a helium balloon. Only four CryptoSnoos have been released so far.
The announcement was met with mixed reactions from several users. Some Redditors rejected NFTs as stupid, while other users were more concerned about the expensive cost of NFTs, which prevented many individuals from participating in the industry. Some, on the other hand, had expressed neutral enthusiasm or even approval for Reddit’s initiatives. However, NFTs are likely to acquire traction soon on Reddit, a major cryptocurrency discussion forum.
Reddit released a wallet that supports MOON and BRICKS, which can be used in both the cryptocurrency and Fortnite subreddits. However, it revealed that all crypto-related activities are not final but merely tests.
The booming NFT hustle
NFTs have officially entered the mainstream, with superstars and corporations rushing to establish connected projects in order to boost fan engagement. But it’s becoming evident that social media sites are also ready to embrace the opportunity and include the unique value in some way.
Meta is rumored to be working on a Facebook NFT marketplace that would allow Instagram users to build and show NFTs. Though it has not been confirmed, such a launch would bring a big number of people to NFTs. like 2021, NFTs might continue their reign in 2022.