Reddit is trying to keep up with social trends, by experimenting with NFT profile pictures

NFT’s have started to become the talk of the town. With the market going up and touching the sky, we are seeing many people exploring the currency and making most of the current situation of the market which is great if you’re making profits. But there have been some cases where people were ripped off and weren’t able to earn as much as they had invested.

With people jumping into the market, how can we expect that companies would stay back and let others benefit from it? We’re seeing that companies like Facebook, Twitter are thinking about introducing these technologies into their websites.

Recently, Twitter announced that they will be launching their latest feature, which would allow users to select their NFT’s as their profile pictures. For that, they need to be a Twitter Blue Subscriber. But now, rumors are that Reddit is trying to get into the action itself.

For those of you who aren’t familiar with Reddit, it is a social website where people come and discuss about things. It was founded back in 2005 by Steve Huffman and is one of the highest grossing websites for discussions about techs and games.

The news hasn’t surprised anyone because since last year, Reddit held the most number of discussions regarding cryptocurrency. We know that there are people out there who have their opinion as to what NFT’s are and are they worth taking the risk or not. At the moment, users are divided into two groups where one of them thinks that NFT’s are the future whereas the other one thinks that they are a total waste of time and money.

Both of these groups might be right or wrong because there are people who are making huge profits right now by buying and selling these NFT’s. But at the same time, it raises questions on its credibility, ownership rights and copying. Only time will tell whether that $20K painting was worth its money or not.

The market is really sensitive at the moment and by sensitive we mean that there are scammers spread out disguised as sellers who are just creating fake hypes and promoting their products so that when they come out, people will buy them and then when the price doesn’t go up that much, they’d get stuck with that NFT.

We all know that every story has two sides, so it is unfair to just conclude or make assumptions when you’ve not experienced it yourself. So when you’re out there, it is better to be careful. Always be thorough in your research when you’re buying an NFT because that could turn out to be a potential scam which is just waiting for its next prey. With more and more companies leaning towards the technology, we think that it will further go up in the next year or so.

H/T: Nima Owji

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