Reddit has jumped on the NFT bandwagon by testing a feature that allows users to add any NFT as their profile picture.
The move mimics one by Twitter, which launched a similar feature less than a week ago, allowing paying customers to add and verify NFTs.
Reddit already has its own Ethereum-based NFT collection called CryptoSnoos, which it issued in limited numbers last year.
profile picture nft
Very few details were available regarding this latest foray into non-fungible tokens. According to TechCrunch, Reddit said that this particular NFT trial is “in a very early stage and has not been made available to public users on the site.”
The company’s spokesman, Tim Rathschmidt, said it was a small internal test, and that decisions on fully rolling it out have yet to be made.
“We are always looking for ways to provide value to users and communities on Reddit. We are currently testing the ability to use NFTs as a profile picture (avatar) and to verify ownership.”
This isn’t Reddit’s first NXT rodeo as it is rolling out its own Snoos collection, which has received mixed reactions. Many users of the platform are anti-crypto and NFT and did not return with their torrent of abuse in responses to the announcement topic.
Reportedly, Reddit also has a test archive of foreign NFTs on OpenSea, which were not for sale.
Video streaming giant YouTube also dipped a toe in the NFT pool with an announcement this week that it will enable NFT for content creators. In an open letter dated January 25, YouTube CEO Susan Wojcicki said the firm was “focusing on expanding the YouTube ecosystem to help it capitalize on emerging technologies, including things like NFTs,”
NFT Ecosystem Outlook
Despite the 25% crypto market drop so far this year, NFTs are gaining momentum. Industry analytics platform NonFungible is reporting that there has been $608 million in weekly secondary sales. This figure is double as compared to the last week of December.
According to Cryptoslam, the taste of the week in terms of NFT collections is Azuki with $105 million in sales volume for seven days.
PrimeXBT Special Offer: Use this link and enter code POTATO50 to get 25% off on trading fees.