Reddit just announced the release of a new kind of 1-of-1 collectible avatar. These avatars are NFT assets to be featured on users’ profiles. According to Reddit’s announcement, these unique avatars built on Ethereum will help the users stand out on the discussion threads, and these are standardized by Ethereum ERC-721 contracts.
NFTs or non-fungible tokens are one-of-a-kind trading cards that are not fungible or exchangeable. The newly introduced CryptoSnoo NFTs will allow the Reddit users to mark their name uniquely in Reddit’s history. It has been made compatible with Reddit desktop only, not yet been accessible through Reddit Apps. The NFTs will be traded through live auction on Reddit Marketplace on OpenSea.
The CryptoSnoo NFTs are intended to glamorize the Reddit profiles of the purchasers in a flashy way. After purchasing and connecting it to the Reddit account, a collectible NFT card will be displayed on the users’ profiles alongside the avatar. Besides, when the user comments on any thread, it will animate and glow to let everyone know that the commenter owns a CryptoSnoo.The users wanting to win a CryptoSnoo need to set a MetaMask Wallet and place bids on the OpenSea auction. Reddit reported that there would be multiple rounds of auctions for CryptoSnoo collections in the days ahead. The winners will be provided with a link to claim their unique avatars, hosted with InterPlanetary File System (IPFS) to maintain exclusivity from any human interference.