#Reddit NFT

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. Reddit further stated that the reason for choosing Polygon was its "low-cost transactions and sustainability commitments". Users looking to store and manage their avatars will need to use Reddit's own Ethereum-compatible blockchain wallet, Vault. However, Reddit says that you won't actually need to purchase an avatar with cryptocurrency or compete in an auction for them. As Collectible Avatars on Reddit can only be purchased using fiat currencies such as dollars or euros at a fixed amount. Read more in our articles including "Reddit launches new 'Collectible Avatars' as NFTs with Polygon" and "List of Subreddits To Cure Your Boredom".