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Reddit, the social media/community app, is sending free Polygon blockchain NFTs to its most loyal users. They launched “Collectible Avatars” last month, and are also selling them to those who don’t qualify for the airdrop. This move comes in a series of Reddit venturing further into the blockchain, crypto and NFT space.
The community platform announced on the server: r/CollectibleAvatars that they would send collectible avatars to their top community builders for free. The post was published 9 days ago and they have been rolling them out since then.
They also mentioned that there are 4 different styles of Collectible Avatars that eligible users can choose from.
To clarify, in order for users to qualify, they must have hit a minimum amount of “Karma”. On Reddit, karma is a reflection of how much your contribution means to the community. Users can earn karma in a few ways: posting, commenting, and giving/receiving prizes.
People in the Reddit community often joke about Karma being “fake internet points”, but Reddit has gone out of its way to find use for it, through this Reddit NFT airdrop.
Users will have already been notified if they qualified for the Reddit airdrop, but the amount of Karma required was unconfirmed at the time of the announcement.
Currently, the polygon-based NFTs are now on OpenSea. The floor price of the 16,000 items is 0.012 ETH.
Reddit has been a big supporter of NFTs for some time now. Previously there were rumors of a new NFT marketplace on Reddit and they were testing NFT PFPs on the platform as well.
More recently, in June, the company partnered with Gary Vaynerchuk’s VaynerNFT to publish ‘The ABCs of NFTs Playbook’, an offering that guides new users to NFTs.
It is also important to note that the r/NFT community on the platform has 490,000 members, so the popularity of NFTs for Reddit users is evident.
Simply put, Polygon has zero gas fees for the creation of NFTs, with similar tools to Ethereum coining. They work perfectly for the airdrop of many NFTs, or giveaways.
Many projects have used the blockchain for similar types of drops, including Cool Cats who hosted a Halloween giveaway for everyone who entered a costume contest.
In addition to this, projects that expect large amounts of small transactions to occur with their NFTs will often turn to Polygon for their needs. An example of this is The Sandbox, whose in-game assets run exclusively on Polygon.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, do your own research before making any kind of investment.