Reddit has moved from hosting cryptocurrency forums to engaging with NFTs.
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Reddit could be the next big internet platform that allows users to set their own nonfungible tokens, or NFTs, as their profile pictures.
Last week, Twitter started letting users set their NFTs as profile photos, but only for paid subscribers of the platform’s Twitter Blue service. Reddit’s efforts are not nearly as far along, and have only progressed to a “small, internal test and no decisions have been made about expanding or rolling out the capability,” Reddit spokesperson Tim Rathschmidt told TechCrunch Wednesday.
Reddit has been trying out NFTs with its own dedicated page that lists tokens for sale, called CryptoSnoos, that are themed after the platform’s alien mascot and buyable with Ethereum cryptocurrency.
While Reddit’s users don’t have access to this functionality, the feature would reportedly let them set their own NFTs beyond CryptoSnoos. While NFT ownership would be verified, it’s not clear if Reddit’s system would follow Twitter’s example by setting special visual indicators like badges to signify use of an NFT as a profile photo. We’ve reached out to Reddit for clarification.