Despite the downturn in the NFT industry, Reddit continues to attract new holders of digital collectibles issues on blockchain.
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Despite the downturn in the NFT industry, Reddit continues to attract new holders of digital collectibles issues on blockchain.
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Spasova emphasized that the primary motivation behind running Collectible Avatars on-chain is to empower users with freedom of use.
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Open APIs are vital for healthy communities on social platforms. With Web2 companies beginning to reject that principle, Web3 could be poised to supplant them.
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So far they have accrued 2.65 BTC at an average price well under the current level of around $30,000 for 1 BTC.
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Reddit communities unanimously decided to go private or in read-only modes between June 12 – June 14, protesting against the upcoming change that would prevent users from freely accessing APIs and tools.
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The popular social platform is about to hit a big milestone in terms of collectible avatar holders after launching “Reddit NFTs” in July 2022.
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After the explosion in popularity of the memecoin $PEPE, moderators on the original Pepe the Frog subreddit felt the pressure to lay down the law.
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Bitcoin transaction fees from Ordinals inscriptions have exploded by 240% over the last month.
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