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Reddit Puts Blockchain-Based Collectible Avatars on Sale

July 18, 2022 at 01:50 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Redditors will soon be able to purchase blockchain-based collectible avatars after Reddit revealed that it will provide the range of avatars through a special storefront in the near future. Last week, the social media and discussion network announced that it had launched the new storefront that would allow users to purchase limited-edition collectible avatars backed by blockchain technology.

Thanks to its decentralized nature, blockchain technology is used in the cryptography market to enhance security and increase traceability, efficiency, speed and transparency. Even though the crypto market has seen significant losses in recent weeks, the hype around blockchain technology that underpins the…

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Symbol

Price

Change (%)

AMZN

242.45

+4.95 (2.08%)

AAPL

297.26

+1.31 (0.44%)

AMD

534.00

+21.52 (4.20%)

BAC

56.58

+0.05 (0.08%)

GOOG

361.37

-0.73 (-0.20%)