Reddit Integrates Ethereum NFTs – Trustnodes - BitcoinEthereumNews.com
Reddit NFTs integration, March 2022 The extremely limited NFTs available suggests this is probably just an initial test to see how integrating NFTs might work on Reddit. This can easily be expanded by allowing people to mint their own avatar NFTs, either as a sale or just as a function. Or you can use any NFT you have after conecting with Metamask as required by the platform. Their function is then to just display them on your profile page which they might be trying to make more prominent in the new Reddit design. It could also be just a way to get people to switch from the old Reddit design, which still remains very popular, to the new one. Twitter has also tried to integrate NFTs as a profile picture, with it not too clear how that went as we havent come across many of them in the wild here at Trustnodes. There are privacy concerns, especially if the user‘s ethereum address is shown as Twitter does, because then you can potentially see someone’s wealth and their financial activity. At scale, this can all be graphed to de-pseudonymize blockchain addresses, requiring significant care in execution to not basically open source your bank account. A problem that OpenSea doesnt have