How much do NFT avatars cost on Reddit?

Initially, Reddit’s NFT avatars were put up for sale on its own Avatar Marketplace. To make things as easy as possible for those first lucky buyers, Reddit allowed users to pay for these avatars using fiat currencies which ranged in price from $10 to $100. Reddit also offered site users an in-house NFT wallet to use: the Reddit Vault.

What is a Reddit NFT?

Reddit NFTs, like many other NFTs, don't do much in terms of functionality. They are tokens, after all, so their main purpose is to hold value (subject to demand). But these avatars can also be set as Reddit account profile pictures. Beyond this, you can sell or trade your Reddit NFTs with other collectors.

What are Reddit avatars & how do they work?

These limited-edition avatars, which purchasers can then customize in the Avatar Builder, are made by independent artists who’ve partnered with Reddit. The Collectible Avatars will have a “glow-like effect” in comments sections, adding a visual flourish similar to the hexagon Twitter uses to identify NFT avatars.

Why did Reddit's collectible avatars sell out 40,000 NFT tokens?

During a time when NFTs are misunderstood and reviled, and when NFT trading volume has completely dried up, Reddit's Collectible Avatars managed to sell out a 40,000 token NFT collection to people who are known for hating NFTs.