No Result
View All Result
  • Login
Monday, September 15, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Cryptocurrency

Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

by FeeOnlyNews.com
2 weeks ago
in Cryptocurrency
Reading Time: 2 mins read
A A
0
Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways

Reddit is closing its Collectible Avatar Creator Program and phasing out its in-app Vault.
Creators will receive all secondary sale fees, and users must export wallets by January 1, 2026.

Share this article

Reddit is sunsetting its Collectible Avatar Creator Program, a platform that lets independent artists design and sell limited-edition avatars based on Reddit’s mascot, Snoo, according to an announcement on r/CollectibleAvatars.

The team has stopped onboarding new creators and plans to close the Avatar Shop on November 11. Remaining creator submissions will be processed until the end of September.

Built on the Polygon blockchain, Reddit’s “digital collectibles” function as NFTs, giving owners proof of ownership, customization options, and resale rights.

Collectible avatars could be used as Reddit profile pictures with a signature blue hex ring, customized with accessories, and traded on marketplaces like OpenSea via Reddit’s Vault wallet.

The social media platform will continue to support the existing Collectible Avatars for user self-expression, but plans to remove the Collection Display on profiles and on-platform NFT transfers.

Reddit is also retiring its in-app Vault feature. Users will have until January 1, 2026, to export their blockchain wallets by copying their 12-word recovery phrase from the Vault settings.

On the revenue model, Reddit will update contracts within three weeks to direct all secondary sale fees to creators, eliminating the platform’s share of royalties. Currently, artists earn 80% of primary sales and 50% of resale royalties, while Reddit has rights to the Snoo template.

“The Creator Program wasn’t just a feature, it was a full-blown movement that rocked Reddit, on the blockchain no less. You all built communities. You created art. Your art became memes,” Reddit stated.

The platform will maintain off-platform transfers and sales through a simplified import process, allowing users to claim avatars on Reddit by using the “visit Reddit to make it your avatar” link on product pages. The r/CollectibleAvatars subreddit will remain accessible as an archive, though Reddit administrators will no longer post new content.

Reddit is one of the biggest mainstream platforms to integrate NFTs in a user-friendly way, onboarding millions of people who have never touched blockchain before.

The closure announcement came after Bianca Wyler, former Head of Reddit Collectible Avatars, resigned from her role earlier this year amid falling sales volumes.

Share this article

Follow on Google News



Source link

Tags: ArtistsAvatarCollectiblecreatorProgramRedditRoyaltiesshiftssunsets
ShareTweetShare
Previous Post

Want AI Exposure Without the Hype? This Stock Is a No-Brainer Buy

Next Post

Soda Stock Up Deal: Coke, Diet Coke, and Sprite 12-Packs only $4.38 shipped, plus more!

Related Posts

Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

by FeeOnlyNews.com
September 15, 2025
0

Strategy, previously MicroStrategy, has made its seventh consecutive weekly Bitcoin purchase. This comes amid the dip in the BTC price...

Bitcoin ETFs lock .3b in inflows as BTC steadies above 5K

Bitcoin ETFs lock $2.3b in inflows as BTC steadies above $115K

by FeeOnlyNews.com
September 15, 2025
0

Spot Bitcoin ETFs saw a flood of inflows last week, reversing the negative momentum seen in early September and adding...

Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

Ethereum Price Pullback Limited – Support Levels Could Spark Upside Again

by FeeOnlyNews.com
September 14, 2025
0

Ethereum price started a fresh increase and climbed above $4,700. ETH is now correcting gains and might aim for another...

Native Markets Takes Home The Prize, Secures USDH Ticker After Heated Race

Native Markets Takes Home The Prize, Secures USDH Ticker After Heated Race

by FeeOnlyNews.com
September 14, 2025
0

Native Markets, one of the teams that submitted a proposal to issue and manage the Hyperliquid crypto exchange’s US dollar...

Bitcoin Derivatives Heat up as CME Leads, Options Lean Call-Heavy

Bitcoin Derivatives Heat up as CME Leads, Options Lean Call-Heavy

by FeeOnlyNews.com
September 14, 2025
0

Bitcoin changed hands around $115,685 on Sunday afternoon, and derivatives desks were anything but sleepy as futures and options activity...

TradFi Will Increase Bitcoin Allocations This Year, as Bitcoin Hyper Surges

TradFi Will Increase Bitcoin Allocations This Year, as Bitcoin Hyper Surges

by FeeOnlyNews.com
September 14, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TradFi is likely to ramp up Bitcoin...

Next Post
Soda Stock Up Deal: Coke, Diet Coke, and Sprite 12-Packs only .38 shipped, plus more!

Soda Stock Up Deal: Coke, Diet Coke, and Sprite 12-Packs only $4.38 shipped, plus more!

Beach closures: Fecal matter could spoil your last summer splash

Beach closures: Fecal matter could spoil your last summer splash

  • Trending
  • Comments
  • Latest
1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

1 Stock to Buy, 1 Stock to Sell This Week: Walmart, Target

August 17, 2025
Of Property Rights, Civil Society, and Shampoo

Of Property Rights, Civil Society, and Shampoo

September 1, 2025
Engine Capital takes a stake in Avantor. Activist sees several ways to create value

Engine Capital takes a stake in Avantor. Activist sees several ways to create value

August 16, 2025
James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

James Galbraith: Crash in Top Economist Hiring Contradicts Elite-Favoring “Skill Biased Technical Change” Theory

September 2, 2025
Vanguard reaches .5M SEC settlement

Vanguard reaches $19.5M SEC settlement

August 29, 2025
RBC wealth revenue rises despite recruiting costs

RBC wealth revenue rises despite recruiting costs

August 27, 2025
These are the tasks Indeed’s new CEO says HR leaders should hand over to AI agents

These are the tasks Indeed’s new CEO says HR leaders should hand over to AI agents

0
How Did America Build the Arsenal of Democracy? (with Brian Potter)

How Did America Build the Arsenal of Democracy? (with Brian Potter)

0
Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

0
9 Budget Apps That Don’t Sell Your Data (According to Their Policies)

9 Budget Apps That Don’t Sell Your Data (According to Their Policies)

0
Hotstocks KW 37 / 2025: Fokus auf Zyklische Konsumgüter

Hotstocks KW 37 / 2025: Fokus auf Zyklische Konsumgüter

0
Three top execs leave digital bank One Zero

Three top execs leave digital bank One Zero

0
These are the tasks Indeed’s new CEO says HR leaders should hand over to AI agents

These are the tasks Indeed’s new CEO says HR leaders should hand over to AI agents

September 15, 2025
Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’

September 15, 2025
Three top execs leave digital bank One Zero

Three top execs leave digital bank One Zero

September 15, 2025
Hotstocks KW 37 / 2025: Fokus auf Zyklische Konsumgüter

Hotstocks KW 37 / 2025: Fokus auf Zyklische Konsumgüter

September 15, 2025
I’m 35 and finally financially stable — but now my parents want to borrow K for a new roof. What do I do?

I’m 35 and finally financially stable — but now my parents want to borrow $10K for a new roof. What do I do?

September 15, 2025
How Did America Build the Arsenal of Democracy? (with Brian Potter)

How Did America Build the Arsenal of Democracy? (with Brian Potter)

September 15, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • These are the tasks Indeed’s new CEO says HR leaders should hand over to AI agents
  • Strategy Adds 525 BTC as Michael Saylor Says Bitcoin Deserves ‘Credit’
  • Three top execs leave digital bank One Zero
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.