The company said that you need not have a crypto wallet to buy them, so your credit or debit card should be enough, and you can use Reddit’s own wallet product to store them.
The social network said it is releasing 90 different designs with the total amount of NFTs going for sale in this early-access phase being “tens of thousands.”
The company noted that if you purchase one of its limited-edition NFTs, you will have licensing rights to use it on and off Reddit as an avatar. These rights aren’t as extensive as owning an NFT from Yuga Labs’ Bored Ape Yacht Club collection, which allows you to make merchandise or TV Shows based on the bored ape you own. What’s more, you can mix and match your avatar’s look with merch available in the avatar builder, and the avatar will have a “glow-like effect” next to your comments in communities.