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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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Looks like Reddit is getting in on the NFT scene after some previous experimentation with them. They will be using Polygon for this. "Reddit has partnered with Polygon, an Ethereum-compatible blockchain, to mint these avatars on-chain. You can use Reddit’s own blockchain wallet called Vault — which is available on the firm’s native app — to store and manage these NFTs. Currently, Vault is used to earn blockchain-based community points and spend them on special features like badges and animated emoji."
Looks like Reddit is getting in on the NFT scene after some previous experimentation with them. They will be using Polygon for this. "Reddit has partnered with Polygon, an Ethereum-compatible blockchain, to mint these avatars on-chain. You can use Reddit’s own blockchain wallet called Vault — which is available on the firm’s native app — to store and manage these NFTs. Currently, Vault is used to earn blockchain-based community points and spend them on special features like badges and animated emoji."
Why do these need to be NFTs? Wouldn’t tracking ownership in a simple database be more efficient and cost-effective than using a blockchain?
Why do these need to be NFTs? Wouldn’t tracking ownership in a simple database be more efficient and cost-effective than using a blockchain?
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