Friday, June 6, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Reddit Phases Out Animated Collectible Expressions for Polygon NFTs

July 19, 2024
in NFT
Reading Time: 2 mins read
0 0
A A
0
Home NFT
Share on FacebookShare on TwitterShare on E Mail


Reddit is closing down its Collectible Expressions characteristic. This characteristic allowed customers to create animated expressions utilizing their Collectible Avatars NFTs. The change will take impact on August 5, 2024. After this date, customers gained’t be capable of use Collectible Expressions in new feedback, though they could nonetheless see them in older feedback.

What Have been Collectible Expressions?

Collectible Expressions have been constructed on Reddit’s Collectible Avatars, that are NFTs on the Polygon blockchain. When launched, these NFTs gained recognition rapidly. Polygon’s co-founder, Sandeep Nailwal, even recommended that Reddit had efficiently cracked the NFT code with this launch. The Collectible Expressions characteristic supplied customers a option to animate their avatars, including a dynamic aspect to their feedback. Nonetheless, this characteristic was out there solely in choose subreddits, relying on group moderators.

A Dune Analytics dashboard reveals that as of proper now, greater than 33 million Collectible Avatars have been created. These NFTs are price $43 million in complete available on the market. There are premium and free variations of collectible avatars out there, with the free variations accounting for almost all of newly created NFTs.

Supply: X

The Collectible Avatars Lead has introduced modifications for the Collectible Avatars group. It would now function an official announcement channel. This channel will share updates and plans for the longer term. Reddit guarantees new group partnerships, occasions, and actions, indicating that the Collectible Avatars ecosystem will proceed to thrive regardless of the tip of Collectible Expressions.

Reddit has beforehand scaled again on its crypto tasks. In October 2023, the positioning phased out its Group Factors reward tokens on the Arbitrum Nova community. Reddit cited points with sources and regulatory considerations as causes for ending the mission. The Group Factors system was later taken over by a decentralized group of Reddit customers.

Closing Ideas

Whereas Reddit is transferring away from Collectible Expressions, the Collectible Avatars characteristic and its ecosystem stay energetic. The modifications replicate Reddit’s evolving method to its crypto-related tasks, balancing innovation with regulatory and useful resource issues.



Source link

Tags: AnimatedCollectibleExpressionsNFTsPhasesPolygonReddit
Previous Post

What’s interoperability in Web3? – 101 Blockchains

Next Post

Winklevoss twins donate $1 million in Bitcoin to unseat Elizabeth Warren

Related Posts

Here Are the 10 Highest-Paying New-Collar Jobs, No Degree
NFT

Here Are the 10 Highest-Paying New-Collar Jobs, No Degree

June 5, 2025
Pompeii visits being spoiled by soaring visitor numbers, tour guides say
NFT

Pompeii visits being spoiled by soaring visitor numbers, tour guides say

June 5, 2025
Want to Monetize Your Hobby? Here’s What You Need to Do.
NFT

Want to Monetize Your Hobby? Here’s What You Need to Do.

June 4, 2025
Paris gallery directors join forces to launch ‘open-ended’ advisory
NFT

Paris gallery directors join forces to launch ‘open-ended’ advisory

June 4, 2025
The most grimly inevitable ETF filing of 2025
NFT

The most grimly inevitable ETF filing of 2025

June 5, 2025
OpenAI CEO Sam Altman: AI Agents Are Like Junior Employees
NFT

OpenAI CEO Sam Altman: AI Agents Are Like Junior Employees

June 3, 2025
Next Post
Winklevoss twins donate $1 million in Bitcoin to unseat Elizabeth Warren

Winklevoss twins donate $1 million in Bitcoin to unseat Elizabeth Warren

OKX to Cease Crypto Services in Nigeria by August

OKX to Cease Crypto Services in Nigeria by August

Somnia Launches Playground App to Empower Metaverse Creators

Somnia Launches Playground App to Empower Metaverse Creators

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In