In succession to several Social Media Platforms, now Reddit, has planned to launch its own NFT Marketplace platform. This platform was popularly known as a social news aggregation platform that lets its registered users to share contents like links, images, text, videos etc. Considering the lucrative future of NFT, Reddit has decided to go for the embracement of NFT technology.
As its opening move, the company has teamed up with Polygon , an Ethereum compatible network in order to launched a new NFT marketplace with unique avatars. These avatars can be bought by the platform’s users as profile pictures. According to the company’s announcement, the users do not require a digital wallet to buy those assets, instead a usual credit card or debit card is sufficient to make the purchase. Along with the Blockchain backed profile pictures, Reddit has also launched its avatar builder where the users modify their avatars using various accessories on both on and off the Reddit platform.
In the long list of companies that are experimenting with NFTs, next to Reddit comes some more social media platforms like Spotify and more. To grab more insights about social media platforms adopting to the NFT trends, get in touch with Developcoins, a leading NFT Marketplace Development Company. Our experts have keen observation on the NFT market and have more lucrative data for you to enhance your crypto business.
