Well, many of you must already be aware of what Reddit is. But for those who are not aware of it, Reddit is the biggest discussion platform across the globe. Since 2005, it is being used by people for browsing News, entertainment, marketing, etc, and now has 430 million monthly active users.
Reddit is not just any news site. It's a hub of ideas and opinions, where passionate users, or Redditors, can present their unique perspectives on various topics. And, if Redditors want to create a community of their own, they can start a subreddit, where like-minded individuals can come together to discuss their interests. With roughly 140,000 daily active subreddits, there's no shortage of topics to explore.
This brief of Reddit must have given you a rough idea of what Reddit is. But what exactly are Reddit NFTs? Well, it's time to dive deeper into this exciting new development!
Learn more about what are NFTs and how do they work?
What are Reddit NFTs? Are they worth it?
Reddit NFTs, also known as Reddit Collectible Avatars have taken the internet by storm! These are not the average avatars that you can simply pick up from a website. These are full-fledged NFTs built on the Polygon network, making them unique and valuable. Each of these avatars has its own rarity level, and their prices range from 0.01 ETH to a whopping 69,420 ETH!
You might be thinking, "Who would spend that much on an avatar?" Believe it or not, there are people out there who are willing to shell out big bucks for these rare collectibles. In fact, in October 2022, Reddit reported that a staggering 3 million new wallets were opened just to purchase their NFTs. That's more crypto wallets than even the leading NFT marketplace, Opensea has!
These avatars are not just a symbol of status, they are a unique digital asset that can appreciate in value over time. And with Reddit being one of the largest online communities in the world, owning a Reddit NFT is like having a piece of internet history. So, it's no surprise that people are willing to pay a premium for them.
Types of NFT Collectible Avatars on Reddit
CryptoSnoos
Reddit's NFT collectibles feature an alien mascot called Snoo and are exclusively available as avatars. These avatars are known as CryptoSnoos and are categorized as legendary, epic, and rare. Legendary CryptoSnoos is especially valuable due to their rarity and therefore come with a higher price tag.
Where to Buy Reddit NFTs?
If you're interested in purchasing these NFTs, you'll need a Metamask wallet and deep pockets. Additionally, it's important to link your Reddit account to the page to CryptoSnoos OpenSea page to complete the transaction. Once you've acquired your NFT, you can use it as your avatar. The avatar features glowing effects that are similar to those used for other collectibles.
NFTs made by independent artists
Reddit offers a unique opportunity for independent artists to showcase and sell their own NFTs on the platform. These digital assets can be purchased from either the Reddit marketplace or Opensea, using either your crypto wallet or a debit/credit card. It is worth mentioning that, unlike conventional auctions, these NFTs are priced with a set amount.
Reddit has also created a dedicated subreddit, r/CollectibleAvatars, where you can explore and discover the latest NFT creations from your favorite artists. So if you're looking to support independent creators while owning a unique piece of digital art, then this is the perfect place for you.
Free NFTs
Henry David Thoreau once famously said, "The price of anything is the amount of life you exchange for it." This quote rings particularly true for the free NFTs being distributed on Reddit. These NFTs are only being given to the most active and dedicated Reddit users who have accumulated significant karma points through their contributions to the platform.
While Reddit has not released any official policies on these free NFTs, they have already distributed 46,000 of them to their top users. This is a unique opportunity for these users to exchange their time and effort for a valuable digital asset.
Popular Reddit NFT Collectible Avatars
The Singularity
Members can select The Singularity style for their Reddit NFTs free of cost, which showcases futuristic and robotic elements. The floor price of these NFTs is 0.0039 ETH, while the highest sold NFT was worth 0.4 ETH.
Aww Friends
The Aww Friends collection on Reddit showcases NFTs created by independent artists that feature delightful and amiable animals. The floor price for one of these Reddit NFTs is approximately 0.0049 ETH, while the highest price of an NFT from this collection is 0.275 ETH.
Drip Squad
Drip Squad is a series of fashionable NFTs inspired by street style, which makes them some of the most diverse NFT avatars available. Currently, the minimum price for a Drip Squad NFT is approximately 9.5 MATIC, while the highest last sold price is 1.1 ETH.
Meme Team
Meme Team Reddit NFTs are created with the concept of an NFT reflecting the chaotic nature of the internet. They possess both attractive and repulsive qualities. The starting price for Meme Team NFTs is 7 MATIC and the highest last sale price is 1.69 ETH. Surprisingly, this style has the highest selling price among the four styles, with a maximum listing price of 69,420 ETH.
How to Earn Free Reddit NFTs?
While it may seem like getting a free NFT from Reddit is only within reach for a select few, those who do receive one are in for a real treat. These coveted NFTs are only available to the top users who have amassed 2500 or more karma points.
However, if you are selected by the Reddit team for a free NFT, you will be presented with a banner that directs them to the page where the NFT can be claimed. To claim a free Reddit NFT, you need to visit the Reddit homepage on your desktop, where you can browse through various articles and threads. The homepage tab is located in the top left corner of the page. Scroll down until you see a banner with an image of Reddit avatars that says "You've Earned a Collectible Avatar." This banner will appear between two Reddit posts or threads.
Conclusion
Reddit NFTs have become a popular and valuable collectible for many Redditors and crypto enthusiasts. From CryptoSnoos to independent artist creations and free NFTs, Reddit offers a diverse range of NFT avatars to choose from. While the prices for some of these NFTs may seem astronomical to some, the rarity and uniqueness of these digital assets make them a valuable addition to any collection. As the NFT market continues to grow, it will be interesting to see how Reddit NFTs evolve and what new opportunities they offer for Redditors and independent creators.
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