Reddit is set to launch a range of collectible avatars via a new storefront and using a distribution license backed by blockchain technology.
The limited-edition avatars have been created by independent artists in partnership with Reddit. Every time a collectible avatar is sold, the artist gets paid and the new owner can customize it using avatar gear and accessories, with a variety available for free or via Reddit Premium.
Now for the more complicated blockchain part: Each collectible avatar is stored on the general-purpose, Ethereum-compatible Polygon blockchain. By doing this, owners can use their new avatar outside of the confines of Reddit while also allowing artists to be paid a royalty in future if their avatar art is sold again. With that in mind, collectible avatars will be stored in a Reddit user's Vault (a blockchain-powered wallet) with a specific digital wallet address compatible with all Ethereum-compatible blockchains.
Recommended by Our Editors
When these new avatars...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...