#Reddit Collectible Avatars

Reddit has just launched its new NFT-based avatar marketplace, allowing users to purchase 'Collectible Avatars' on its platform for a fixed rate. Reddit has stated that its Collectible Avatars shop will be the place to purchase limited-edition Collectible Avatars from different independent creators and artists. Reddit has also said that it has worked with artists from creative communities such as r/Comics in creating the first of these Collectible Avatars. In order to mint these avatars, Reddit has partnered with Polygon, an Ethereum-compatible blockchain. Users looking to store and manage their avatars will need to use Reddit's own Ethereum-compatible blockchain wallet, Vault. As Collectible Avatars on Reddit can only be purchased using fiat currencies such as dollars or euros at a fixed amount. [embed]https://www.reddit.com/r/CollectibleAvatars/comments/vtab05/introducing_collectible_avatars/[/embed] Reddit has stated that those who purchase a Collectible Avatar will have licensing rights to use it on and off Reddit. Other benefits of owning a Collectible Avatar allow you to unlock additional features on Reddit like having a glow-like effect in the comments section when they have their Collectible Avatar as their profile image. Read more in our articles including "Reddit launches new 'Collectible Avatars' as NFTs with Polygon" and "Marvel unveils Spider-Man as first official NFT".