10-29-2022, 01:39 PM
Is Reddit Heading For the Metaverse After Its Collectible Avatars Surge?
<!-- SC_OFF --><div class="md"><p>Is Reddit secretly building its own metaverse?</p> <p>Shortly after Reddit Avatar prices surged to a record high on Tuesday, NFT collector and analyst Liam Herbst took to Twitter to share why metaverse could be the next stop for the internet giant.</p> <p><a href="https://twitter.com/liamherbst_/status/1585098624324681728">https://twitter.com/liamherbst_/status/1585098624324681728</a></p> <p>In a lengthy thread on Twitter, Herbst made a bold statement claiming that Reddit is actually “building a metaverse empire” and its NFT Avatars are tools, or rather, “Trojan Horses” used by the company to develop the foundation of its virtual world.</p> <p>According to the analyst, the forum-based platform is, in fact, a metaverse in the making. Each subreddit functions like a mini virtual world, featuring its own identity and community. On top of that, some of them are even integrated with crypto functionality.</p> <p>NFT Avatars to help propel the “Redditverse”</p> <p>Collaboration with other ecosystems With a growing appetite for Reddit Avatars, it will be easier for the company to infiltrate other ecosystems as it teams up with promising projects in the space.</p> <p>Previously, the social media giant collaborated with Riot Games to create limited-edition avatars. There are rumors too that Reddit is striking a partnership with The Sandbox.</p> <p>Source: <a href="https://en.ethereumworldnews.com/is-reddit-heading-for-the-metaverse-after-its-nft-collectibles-surge/">https://en.ethereumworldnews.com/is-reddit-heading-for-the-metaverse-after-its-nft-collectibles-surge/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/NamelessHooman"> /u/NamelessHooman </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yfp2q4/is_reddit_heading_for_the_metaverse_after_its/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yfp2q4/is_reddit_heading_for_the_metaverse_after_its/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Is Reddit secretly building its own metaverse?</p> <p>Shortly after Reddit Avatar prices surged to a record high on Tuesday, NFT collector and analyst Liam Herbst took to Twitter to share why metaverse could be the next stop for the internet giant.</p> <p><a href="https://twitter.com/liamherbst_/status/1585098624324681728">https://twitter.com/liamherbst_/status/1585098624324681728</a></p> <p>In a lengthy thread on Twitter, Herbst made a bold statement claiming that Reddit is actually “building a metaverse empire” and its NFT Avatars are tools, or rather, “Trojan Horses” used by the company to develop the foundation of its virtual world.</p> <p>According to the analyst, the forum-based platform is, in fact, a metaverse in the making. Each subreddit functions like a mini virtual world, featuring its own identity and community. On top of that, some of them are even integrated with crypto functionality.</p> <p>NFT Avatars to help propel the “Redditverse”</p> <p>Collaboration with other ecosystems With a growing appetite for Reddit Avatars, it will be easier for the company to infiltrate other ecosystems as it teams up with promising projects in the space.</p> <p>Previously, the social media giant collaborated with Riot Games to create limited-edition avatars. There are rumors too that Reddit is striking a partnership with The Sandbox.</p> <p>Source: <a href="https://en.ethereumworldnews.com/is-reddit-heading-for-the-metaverse-after-its-nft-collectibles-surge/">https://en.ethereumworldnews.com/is-reddit-heading-for-the-metaverse-after-its-nft-collectibles-surge/</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/NamelessHooman"> /u/NamelessHooman </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yfp2q4/is_reddit_heading_for_the_metaverse_after_its/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yfp2q4/is_reddit_heading_for_the_metaverse_after_its/">[comments]</a></span>