Reddit has launched an NFT marketplace for one-of-a-kind collectible avatars

On July 7, Reddit announced the launch of a new NFT-based avatar marketplace, allowing users to purchase blockchain-based profile images for a set fee.

The social news aggregation, content rating, and discussion website stated that you do not need a cryptocurrency wallet to buy them; hence, using your credit or debit card should suffice, and you may keep them using the wallet product that Reddit offers.

Furthermore, the social networking site has stated that it would launch 90 distinct designs, with “tens of thousands” of non-fungible tokens (NFTs) available for purchase during the early-access period.

Owners of Reddit NFTs are granted license rights.

According to the company, if you purchase one of their limited-edition NFTs, you will be granted the license rights to use it as an avatar not only on Reddit but also everywhere on the internet.