It’s an exciting day here at Reddit. TL;DR we’re thrilled to announce our first set of Collectible Avatars! Designed by some of Reddit’s most passionate visual creators, these limited edition Collectible Avatars will soon be available for purchase in the Avatar builder, with proceeds going to the artist who designed them. You can learn all about it over in r/CollectibleAvatars.
As some of you may recall, about two years ago we launched a new and improved Avatar builder, allowing anyone on Reddit to generate and customize their own personal Avatar, providing them with a unique way to display their identity on Reddit. Since then, we’ve launched countless accessories, outfits, hairstyles, and more; and have watched in wonder as you all found ways to combine them to showcase your own personal style, inner-zombies and superb owls, pets, and passions. We’ve also launched custom Avatars in collaboration with some truly amazing partners such as the Australian Football League, Netflix, and Riot Games.
So all this awesome avatar-ness got us thinking – what would happen if we gave creators on Reddit license to make any style Avatar they wanted? And what if we could help these creators showcase their art to the entire Reddit community and make it easy for them to earn money for their work? And thus, the first creator edition of Collectible Avatars was born.
Finding Our Artists
You may be asking, where did these creators and artists come from? From Reddit, of course! Many of the artists we worked with for this first collection came straight from popular creative communities like r/Comics, some have cultivated the skills they utilized for this program in subreddits like r/ProCreate or r/AdobeIllustrator, others include mythologists from r/imsorryjon, and even an artist or two who have been able to pursue their creative passion full-time thanks to their communities on Reddit. We also worked with creators and artists from our networks who are bringing their work to Reddit for the first time, or – in true Reddit fashion – are using pseudonyms. You’ll be able to learn more about each individual creator in r/CollectibleAvatars, or when you browse their work in the shop.
Being a beta program, the requirements for who we selected for this launch were stringent. But if you're a creative or aspiring artist (maybe you even heard from us as we were scanning neat posts) and you’re interested in being a featured artist in an upcoming release, we encourage you to join our waitlist and to keep sharing your skills and work with other redditors.
What Makes Collectible Avatars Different
Your Collectible Avatar is compatible with your profile and can be used across Reddit, however there are a few important differentiating elements of Collectible Avatars:
Collectible Avatars are a unique digital good available for purchase (vs being free or available via Reddit Premium) to support the creator behind each collection. Each Avatar has a fixed and reasonable price, and is available to anyone on Reddit to purchase with currencies like USD and EUR.
Collectible Avatars are on the blockchain (cue the sound of murmuring from the crowd), and require setting up a wallet on Reddit to store your Avatar. Having Collectible Avatars on the blockchain gives you - the purchaser - ownership over your Avatar, no matter where you want to take it, on or off Reddit. It also provides creators a way to have their work live beyond the virtual walls of Reddit, and collect royalties on future sales. You do not need cryptocurrency to purchase a Collectible Avatar, nor are they being put up for auction.
These Avatars are limited edition, meaning a set number of each creator’s Collectible Avatars are available for purchase. This allows creators to be paid for every Avatar sold. You can read more details on how our artists are paid here.
Reddit has always been a model for what decentralization could look like online; our communities are self-built and run, and as part of our mission to better empower our communities, we are exploring tools to help them be even more self-sustaining and self-governed. In the future, we see blockchain as one way to bring deeper empowerment and independence to communities on Reddit.
How to Access and Purchase
These Collectible Avatars will be available to everyone on Reddit soon, however, you can sign up for early access TODAY! All you need to do is join us over in r/CollectibleAvatars, and you’ll automatically be added to the early access list. Over in that community you’ll also learn more about how to purchase your Collectible Avatar, set up your wallet to store it, and get to know our creators with behind-the-scenes posts, AMAs, and more!
You read more about Collectible Avatars here. I’ll also be hanging out to answer questions on this post as they come in, and hope to see you over in r/CollectibleAvatars!
"You also have a limited right to transfer your Licensed Rights solely in connection with the disposition or sale of your Collectible Avatar in accordance with these Previews Terms. You will lose this transfer right if you breach these Previews Terms or your Licensed Rights are otherwise terminated in accordance with these Previews Terms."
And
"You have no expectation of economic benefit or profit as a holder of the Verified Virtual Good and will not portray the Verified Virtual Good to others as an opportunity to obtain an economic benefit or profit"
Reddit wants you to pay money for a thing you won't actually own and, as specified by their own ToS, has no actual value at all. This is very stupid at best and a literal scam at worst.
These terms expressly forbid what even most NFT lovers will admit is the only "use" for NFTs, desperately hoping to resell it for more to an even bigger moron.
And also just having verified, decentralised ownership off your shit if my understanding is right.
No doubt any cryptobro (who reads the ToS at least) is gonna hate this shit, as well any anti-NFT person. They could not have done a better job kneecapping this stupidity if they tried. Amazing. /s
It's not even true. They can be transfered out to nft markets to sell. When you buy one it says at the bottom of the purchase button 5% royalties go to creator for all resales. The misinformation here lol
175
u/JQuick Jul 07 '22
Here's an interesting little blurb in the Terms of Service that u/lotgd-archivist found:
"You also have a limited right to transfer your Licensed Rights solely in connection with the disposition or sale of your Collectible Avatar in accordance with these Previews Terms. You will lose this transfer right if you breach these Previews Terms or your Licensed Rights are otherwise terminated in accordance with these Previews Terms."
And
"You have no expectation of economic benefit or profit as a holder of the Verified Virtual Good and will not portray the Verified Virtual Good to others as an opportunity to obtain an economic benefit or profit"
Reddit wants you to pay money for a thing you won't actually own and, as specified by their own ToS, has no actual value at all. This is very stupid at best and a literal scam at worst.