Reddit to Sell Blockchain-Based ‘Collectible Avatars’, Avoids NFT Terminology
Social media giant Reddit announced on Thursday the launch of so-called Collectible Avatars. Although the social media platform completely omitted any kind of NFT-related terms in its blog post, the newly-launched collector’s items are still image-based, blockchain-powered collectibles that are not fungible – in short, they are non-fungible tokens (NFTs).