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Reddit joins NFT bandwagon with profile picture testing By BTC Peers

by Mike Robinson

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Reddit joins NFT bandwagon with profile image testing

Reddit is testing a characteristic that may enable its customers to set any NFT they personal as their profile image. The information comes barely per week after Twitter (NYSE:) applied an identical characteristic.

Reddit spokesperson Tim Rathschmidt acknowledged in an interview with Techcrunch on Thursday that:

We’re all the time exploring methods to supply worth for customers and communities on Reddit. In the meanwhile we’re testing the flexibility to make use of NFTs as profile footage (avatars) and confirm possession. […] It’s a small, inner check and no selections have been made about increasing or rolling out the aptitude.

An app developer posted a banner from Reddit selling the characteristic earlier this week. He revealed that the trials had been already at a sophisticated stage. Nonetheless, Reddit is but to substantiate when it would absolutely roll out its NFT characteristic.

This isn’t the corporate’s first foray into the NFT area. The favored social media platform has been experimenting with NFTs and even launched its personal devoted web page for NFT-related info. However thus far, it focuses totally on the corporate’s personal digital collectibles, CryptoSnoos.

The corporate additionally launched cryptocurrency tokens for its /r/cryptocurrency and /r/Fortnite communities in Might 2020. These tokens are Ethereum-based and go by the names MOONs and BRICKs.

A number of social media platforms have jumped on the NFT bandwagon. Video streaming big YouTube dipped a toe into the area with an announcement this week that it will likely be enabling NFTs for content material creators. Its CEO Susan Wojcicki confirmed that the agency was “centered on increasing the YouTube ecosystem to assist creators capitalize on rising applied sciences, together with issues like NFTs.”

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