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Reddit Launches New Crypto-Based Collectible Avatar Marketplace

There are all kinds of exicitng things going on in the crypto space and the latest move involves Reddit. Check out the latest reports here.

Reddit reveals new marketplace

Reddit reveals a new marketplace for crypto-based collectible avatars on a popular Ethereum (ETH) layer-2 blockchain.

According to a new company blog post, Reddit launches its Collectible Avatars storefront on Polygon (MATIC) two years after setting up its proprietary avatar builder for users.

“About two years ago, we launched a new and improved Avatar Builder, allowing anyone to generate and customize their own personal avatar – a unique way to display identity on Reddit…”

The post continues and notes the following:

“Seeing avatars take off got us thinking – what would happen if we gave artists on Reddit license to make any style of avatar they wanted? And what if we could help these artists showcase their art to the entire Reddit community and make it easy for them to earn money for their work? Our new Collectible Avatars storefront does just that…”

The same blog post says:

“Collectible Avatars are currently stored on Polygon, a general-purpose, Ethereum-compatible blockchain. We chose Polygon for its low-cost transactions and sustainability commitments.”

Reddit made sure to highlight the fact that the avatars will be available for purchase to all users “in the coming weeks,” with storage and management availability in Vault, an Ethereum-compatible crypto wallet.

The crypto market today

market looks great today with the most important coins trading in the green. Check out the latest reports about the price of the king coin below.

At the moment of writing this article, BTC is trading in the green and the king coin is priced at $21,780.

A popular crypto strategist and trader doesn’t expect Bitcoin (BTC) to reach new all-time highs for possibly another two years. Stay tuned for more news.

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