According to available information, social media giant, Reddit, has revealed that it will be experimenting with NFT profile pictures.
Reddit is the latest social media platform to indicate interest in testing NFT profile pictures for its users. This is coming only a week after Twitter announced the same feature.
Reddit spokesperson Tim Rathschmidt made this known in an interview with TechCrunch. According to him, the social media platform is testing the ability to use NFTs for profile pictures and verify ownership.
Rathschmidt claimed that this was just an experiment on creating more value for users and communities. However, he added that this is an internal test with no decision on whether it’ll expand and roll out the product.
#Reddit is working on #NFT profile pics as well! pic.twitter.com/l2cqfSuIbK
— Nima Owji (@nima_owji) January 21, 2022
Before officially confirming the development, someone tweeted a Reddit banner promoting the NFT features earlier in the week. This suggests that the small internal test might be more advanced than official sources admit.
This is not the first time Reddit is experimenting with crypto. The platform has a dedicated NFT page and apart from that, it introduced the BRICKS and MOON tokens for its /r/Fortnite and /r/cryptocurrency subreddits in 2020.
Thus, this latest move is another step forward in its adoption of blockchain-based technology.
Last week, Twitter launched NFT profile pictures for iOS subscribers of Twitter Blue. It claimed that the feature came after several demands for it by users. But not everyone is pleased with this development.
The launch of NFT profile pictures by Twitter met backlash from various quarters. A day after the launch, a GitHub contributor shared a browser extension that blocks any Twitter account using NFT profile pictures. Elon Musk also described the feature as annoying and referred to NFT as bs.
However, the backlash is unlikely to stop the massive adoption of NFTs by brands. With the metaverse concept becoming a major driving force for tech brands, NFTs have become more important. There are rumors that Meta is developing a marketplace for NFTs.
In the past few months, several NFT oriented projects like GALA, SAND, and MANA have emerged as strong performers along with their tokens.
Oluwapelumi is a firm believer in the transformative power power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas about how the industry could play a pivotal role in the emerging financial system. When he is not writing, he is looking to meet new people and trying out new things.