Reddit will sell 'Collectible Avatars,' and yes — they’re NFTs

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Reddit will sell 'Collectible Avatars,' and yes — they’re NFTs
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You’ll know them by their glow in the comments.

NFTs are already beyond controversial in many communities, with backlash to the idea of additional DRM, how they, and what blockchain energy use means for the environment.

According to Reddit, its focus is on the ability to empower artists, as this series includes contributions from artists who post on subreddits like r/Comics as well as other artists “from our networks who are bringing their work to Reddit for the first time.

It’s also using the Polygon blockchain, which it says keeps transaction costs energy-efficient. However, as we heard after the World Wildlife Fund’s abandoned attempt to launch NFTs,On the financials side, Rathschmidt tellsthat Reddit’s cut is 5 percent, which covers minting and blockchain fees as well as supporting the creator program, while the rest goes to artists who have a way for their work to “live beyond the virtual walls of Reddit .

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