According to Liam Herbst, all of Reddit's NFT avatars are tools or "Trojan horses" that the company uses to develop the core of its personal virtual universe. The analyst said that the site, based on a well-known Internet forum, is already in the process of being developed. Each community operates as a unique virtual universe. And some of them already have integrated encryption functions.
Liam Herbst recalled that as early as 2020, the forum website used a digital currency reward system, known as Reddit Community Points. This feature allows all users to hold a share in their community. Moreover, in each community there is an opportunity to generate points that are issued in the form of rewards to active users.
Using organization points, all customers will be able to unlock unique features (special membership, content with coins) and vote like in a DAO. Harbest stated that Reddit avatars will have an impact on the promotion of Redditverse to new victories. This became especially relevant after the decision of Reddit to distribute free avatars to the most important participants of the site.
The analyst believes that interest in NFT Reddit, which continues to grow, will give the firm the opportunity to integrate into other systems more easily and integrate with other promising metaverses.
Earlier, news came out that NFTs on Reddit had reached a new high in sales.
