Reddit deploys Gen 3 NFT avatar contracts on Polygon
Community members responded to the new development, with some praising Reddit’s marketing efforts and changing the anti-NFT narrative within the platform. The nonfungible token (NFT) avatars were first introduced in July 2022 to empower artists to create and sell their work. In addition, whenever users purchase a collectible, it can also be set as an avatar on Reddit’s website. The avatars were made available in August 2022, generating thousands of dollars in sales for the artists. On April 5, Reddit deployed the contract for the avatars’ Gen 3 on the Polygon blockchain. This resulted in various users predicting that the avatars would sell out in minutes and others praising Reddit for its marketing and branding prowess. Related: Reddit NFT avatars selling for a premium on OpenSea One collector who participated in collecting the first and second generation of avatar s expressed their excitement and said that the new drop has the potential to be sold out "within minutes." Mean...