Reddit Reportedly Testing NFT Profile Pic Functionality – Bitcoin News

Reddit, one of many largest micro-posting websites on the web, is reportedly venturing additional into the world of non-fungible tokens (NFTs). The corporate is testing a brand new performance that enables customers to set NFTs as profile pics, one thing Twitter is already doing now. Reddit launched its personal batch of NFTs, known as Cryptosnoos, in June 2021, albeit through a restricted launch.

Reddit to Delve Additional Into NFTs

Reddit, one of many main micro-posting websites on the web, is reportedly testing NFT-related performance on its platform. In line with Techcrunch, the corporate is testing a characteristic that may permit its customers to set NFTs as profile pics on the platform. The announcement was made by Reddit spokesperson Tim Rathschmidt, who acknowledged:

We’re at all times exploring methods to offer 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.

Rathschmidt additional acknowledged that this can be a small, inside take a look at, and the corporate has nonetheless not taken a choice in terms of the implementation of this performance for the final userbase. Reddit follows the lead of one other social media large, Twitter, which launched an analogous performance lately, permitting verified customers of the platform to set NFTs as their profile footage and confirm possession of those property.

Reddit’s Earlier NFT Strikes

The reported inside exams are literally not Reddit’s first foray into the world of NFTs. Final 12 months, the corporate issued its personal batch of non-fungible tokens known as Cryptosnoos. Customers that acquired these NFTs had profile image performance on Reddit, and the platform included perks for homeowners of those property — a few of which at the moment are priced at over 100 ETH on Opensea. The brand new exams, nevertheless, would permit every kind of NFTs for use in the identical means, with Reddit being much less restrictive on the difficulty.

Reddit has additionally been open to the thought of cryptocurrency on its platform. The corporate launched a token beta program in December that may permit sure subreddits to get rewarded for his or her contributions in native tokens. These tokens would reside on a blockchain utilizing Arbitrum, the Ethereum L2 answer, as the bottom. The corporate didn’t remark concerning the community on which the NFTs included within the take a look at had been based mostly.

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Sergio Goschenko

Sergio is a cryptocurrency journalist based mostly in Venezuela. He describes himself as late to the sport, coming into the cryptosphere when the worth rise occurred throughout December 2017. Having a pc engineering background, residing in Venezuela, and being impacted by the cryptocurrency increase at a social stage, he affords a distinct viewpoint about crypto success and the way it helps the unbanked and underserved.

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