Among the many platforms that have emerged to facilitate the buying and selling of NFTs, Reddit has emerged as a major player by offering its own Reddit Avatars to its most loyal users. However, despite the large number of Reddit users, knowledge of what to do with NFTs remains limited. In this guide, we’ll take a look at what to do with your claimed collectibles on Reddit.
How to claim NFT’s on Reddit?
If you have 2,500 or more Karma points on Reddit, you may be eligible to receive a free Reddit NFT. To claim your NFT, simply go to the Reddit home page on your desktop. Once you receive a notification that you have been awarded an NFT, you can claim and save it or transfer it to an external wallet. To claim your NFT, click on this link: Reddit Avatar Builder – Create Your Custom Avatar. Then go to “Style Avatar,” select “You,” and choose “Your Stuff.” Your awarded Reddit NFTs should be displayed there.
Where to Buy Reddit NFTs
If you are not eligible for a free Reddit NFT avatar and would like to obtain one, you can always purchase them from a fellow Redditor who is willing to part with theirs. Simply follow the steps below to start buying a Reddit NFT.
- Visit the official Reddit NFT marketplace, which can be accessed through your profile on the top right of the Reddit homepage.
- Click on the “Style Avatar” button from the drop-down menu, followed by “Shop.”
- Browse the available NFTs, which are listed with a fixed price in fiat currency.
- Select the NFT that you wish to purchase.
- Follow the instructions to complete the transaction, which may require you to link a digital wallet that is compatible with the Ethereum-based blockchain known as Polygon.
- Once the transaction is complete, the NFT will be minted and added to your digital wallet.
- If you want to obtain a Reddit NFT avatar without being a top Reddit member, you can join the r/CollectibleAvatars subreddit, which is an invite-only community. This will give you access to posts about collectible avatars that are available for purchase.
How to sell Reddit NFTs?
Do you have a NFT but don’t want to hold it, or like to trade it for a new and different kind of digital collectible, you can always choose to trade or sell it on an NFT marketplace. The process is not very straightforward but can be done by following these steps;
- Create a vault and write down your seed phrase. This can only be done on a mobile device at this time.
- Create a MetaMask account and import the seed phrase from your vault.
- Connect your MetaMask account to OpenSea and navigate to the “Sell” tab.
- Select the NFT that you wish to sell and set the price in ether (ETH).
- Follow the instructions to complete the sale transaction.
- Once the transaction is complete, you will receive ETH on the Polygon (Matic) sidechain, not the Ethereum main chain.
- Transfer the ETH to an exchange, keeping in mind that it is on the Polygon (Matic) chain, which is a sidechain on Ethereum that enables fast and inexpensive transactions.
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