Introduction
Reddit — the “front page of the internet” — has been revolutionizing the way people interact and share ideas since its inception in 2005. Renowned for its diverse communities, ranging from light-hearted discussions on the latest memes and cultural trends to in-depth conversations on serious topics like politics, health, and spirituality, Reddit has become an influential social hub for millions. Monthly active users on Reddit are growing steadily, hitting nearly 1 billion in 2021 (source: Statista).
So, it was a big step for NFT adoption when Reddit introduced its Reddit Collectible Avatars in 2022. Everyone cheered, but what have been the implications of this for Web3 adoption? Let’s dive in.
The Role of NFTs in Shaping Digital Identity
The concept of digital identity plays a heavy role in Reddi