Following Twitter’s lead earlier this month, Reddit is testing a new feature that would allow its 450 million users to set any NFT they own as their profile picture. And it’s not just limited to Reddit’s own Ethereum-based NFTs called “CryptoSnoos“, which the company released in limited number last year.
However, details regarding how Reddit’s support for NFTs would work have not yet been decided, much less revealed.
Reddit Expands its NFT Reach
Reddit has explained that the particular NFT test is still in the very early stages and has not yet been made available to public users on the site. According to company spokesperson Tim Rathschmidt, “We’re always exploring ways to provide value for users and communities on Reddit. At the moment we’re testing the ability to use NFTs as profile pictures (avatars) and [to] verify ownership.”
Rathschmidt added that it was still a small internal test and that no decision had been made regarding rolling out the feature’s capability.
This is not the first time Reddit has explored the NFT space, having set up a dedicated page for NFT-related activities at nft.reddit.com. At the moment, the page mainly focuses on CryptoSnoos, of which only four have have been released so far.
Reddit also recently launched a new Ethereum-based community points reward program to even more of its subreddits. Currently, the program is only available on two subreddits.
The news comes only a couple of months after a job posting for a senior backend engineer was posted to the site, fuelling speculation that the social media giant was building its own NFT platform.
Users Not Entirely Convinced of Reddit’s Efforts
While many users are thrilled at the notion of Reddit testing out NFT profile pictures, many remain unconvinced or are downright angry about the venture, describing the expansion into NFTs as “idiotic”, “a gimmick”, among other far less complimentary terms in Reddit’s comments section. Others also displayed their concerns over the high prices associated with collectibles that currently exclude many people from the ecosystem:
Some are even calling it a Ponzi scheme:
And even a scam:
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