No Result
View All Result
Global Finances Daily
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers
  • Login
Global Finances Daily
No Result
View All Result
Home Crypto

Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

August 30, 2025
in Crypto
0
Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists


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







Editorial Team

Editorial Team

Related Posts

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO
Crypto

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO

August 30, 2025
Bitcoin price eyes $100k crash as Convano adopts Metaplanet-style buying strategy
Crypto

Bitcoin price eyes $100k crash as Convano adopts Metaplanet-style buying strategy

August 30, 2025
Japanese Game Developer Gumi to Acquire 2.5 Billion Yen Worth of XRP
Crypto

Japanese Game Developer Gumi to Acquire 2.5 Billion Yen Worth of XRP

August 30, 2025
The Flippening? Ethereum ETFs Attract $4 Billion This Month, While Bitcoin Products Struggle
Crypto

The Flippening? Ethereum ETFs Attract $4 Billion This Month, While Bitcoin Products Struggle

August 30, 2025
El Salvador Splits Bitcoin Into Several Wallets Amid Quantum Risk
Crypto

El Salvador Splits Bitcoin Into Several Wallets Amid Quantum Risk

August 30, 2025
Bluprynt completes first KYI verification of a global stablecoin with USDC
Crypto

Bluprynt completes first KYI verification of a global stablecoin with USDC

August 30, 2025
Load More
Next Post
11 Ways to Make Your Hulu Experience Better

11 Ways to Make Your Hulu Experience Better

Popular News

  • Josh Garber

    How to Contact Hilton Customer Service

    0 shares
    Share 0 Tweet 0
  • Backlash against Freetrade deal intensifies as chief executive posts on investor forum

    0 shares
    Share 0 Tweet 0
  • How to Transfer Songs From Spotify to Apple Music

    0 shares
    Share 0 Tweet 0
  • Japanese Game Developer Gumi to Acquire 2.5 Billion Yen Worth of XRP

    0 shares
    Share 0 Tweet 0

Latest News

Client Challenge

Client Challenge

August 30, 2025
0

Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t...

The Nebula Capsule Air Projector from Anker is 35% Off for Labor Day

The Nebula Capsule Air Projector from Anker is 35% Off for Labor Day

August 30, 2025
0

We may earn a commission from links on this page. Deal pricing and availability subject to change after time of...

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO

Permissionless Finance Will Triumph Over Government Regulation: Fold CEO

August 30, 2025
0

Decentralized finance (DeFi) protocols will survive government and corporate efforts to impose traditional financial regulations designed to create a walled...

Deepening gloom: Official figures showed the jobless total in the country hit 3.02m in August – up by 46,000 from the previous month

Jobless total in Germany jumps to a 10-year high

August 30, 2025
0

By CITY & FINANCE REPORTER Updated: 06:33 EDT, 30 August 2025 --> --> --> Unemployment in Germany has climbed above...

Global Finances Daily

Welcome to Global Finances Daily, your go-to source for all things finance. Our mission is to provide our readers with valuable information and insights to help them achieve their financial goals and secure their financial future.

Subscribe

  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Editorial Process

© 2025 All Rights Reserved - Global Finances Daily.

No Result
View All Result
  • Alternative Investments
  • Crypto
  • Financial Markets
  • Investments
  • Lifestyle
  • Protection
  • Retirement
  • Savings
  • Work & Careers

© 2025 All Rights Reserved - Global Finances Daily.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.