I just install Reddit official app to see watch they offer. And holy cow. They are selling NFT-like stuff.

Instead make a better app, they give use this.

  • Flying Squid@lemmy.world
    1232·
    11 months ago

    I never knew about this and, as others said, they may have been doing this for a while, but I’d say OP still has a point when they said:

    Instead make a better app, they give use this.

    This is the sort of thing they work on instead of their shit app. They’ve had years to improve that app. Longer than NFTs.

    • kautau@lemmy.world
      6·
      11 months ago

      So many companies do this. Attempting to get quick sales boosts quarter by quarter while avoiding doing anything sustainable because it doesn’t generate instant profit. It’s one of the worst effects of the investor-first way of doing business

    • Cyyy@lemmy.world
      2·
      11 months ago

      they did this already for a longer while, yes. that’s why most people stayed away from the offical “app”

      • n3m37h@lemmy.world
        71·
        11 months ago

        When did this happen? Only rich idiots bought into that shit to exploit other idiots. The majority of people I’ve seen is making fun of links you buy, I mean NFT…

        • jiji@lemmy.world
          61·
          11 months ago

          Unfortunately it wasn’t just rich idiots, but any idiots with disposable income. Only the rich million-dollar NFT garbage made the news, but plenty of “normal” folk lost money with the junk too.

      • Anemia@lemmy.world
        92·
        11 months ago

        Jesus christ, having such an avatar would make me delete my account in shame. Especially if it also told people that i was into nfts at the same time.

    • GunnarRunnar@kbin.social
      610·
      11 months ago

      Kinda don’t see what the big deal is. Probably best use for “unique” goods. Dunno if they use blockchain because as I’ve understood it that’s just a resource hog.

      But selling users unique avatars? Don’t see the appeal and they are fugly and seem dumb but like that’s so inoffensive nothing burger.

      • Destragras@kbin.social
        61·
        11 months ago

        The avatars also have a visual effect to them next to comments.

        I think people don’t like this at all not just because NFTs bad, but also because it changes reddit more and more from the website it used to be for commenting on articles & images into crypto social media.

        • Baŝto@discuss.tchncs.de
          1·
          11 months ago

          I can’t confirm the visual effect, never saw that on the website. But all NFTs have a hexagonal form, whereas normal avatars have a circle.

  • Rooki@lemmy.worldM
    28·
    11 months ago

    They already did such thing with the avatars ( they were buyable and “Marked” as nfts )

  • pancakes@sh.itjust.works
    20·
    11 months ago

    If you don’t think of it in the context of Reddit’s bullshit, the idea of having special avatars that you have to pay for as a form of monetization isn’t the worst thing imo. As long as it doesn’t negatively affect users and isn’t on top of other predatory forms of monetization.

    • Magiwarriorx@lemmy.world
      4·
      11 months ago

      The only way I can see to do it is either stripping long-standing free functionality from other users, or making it completely pointless.

      • DanTilDawn@lemmy.world
        1·
        11 months ago

        The speculative tone is interesting since they did do it, and it opened a revenue stream for both the company and contributing artists. It isn’t saving the company but it was undoubtedly successful and proves that there are people that value and invest in their online brand outside of the crypto Twitter bubble.

        • Baŝto@discuss.tchncs.deEnglish
          2·
          11 months ago

          Reddit had a few events where they gave away free NFT avatars. Some people even managed to sell them.

    • Kyoyeou (Ki jəʊ juː)@lemmy.world
      2·
      11 months ago

      True, a nice horse armor is not that bad if at a decent price, but it’s after that you have to be careful to not exaggerate and drift off in waay worst, although I couldn’t pay for something like that personally

  • Tibert@compuverse.uk
    191·
    11 months ago

    Not news. They already did since nfts exploded in popularity. Also they did give away free avatar nfts since then for some events.

  • eggshappedegg@sopuli.xyz
    15·
    11 months ago

    It’s like they are trying to get rid of users. I had seen the nft on the browser version ages ago but all of this is the reason why we preferred 3rd party browsing experience. Instead of fixing reddit they took that away

    • livus@kbin.social
      8·
      11 months ago

      Yeah I looked at this screenshot and thought, I don’t know who their target market is, but it’s clearly not me.

      Makes sense they would actively try to drive us away, so all their bandwidth is going to whoever the hell would give them money for these ugly pictures.

  • gunnm@monero.town
    13·
    11 months ago

    This is like their 4th collection, selling them for a while. Crypto Twitter doesn’t care about them.

  • fiat_lux@kbin.social
    102·
    11 months ago

    My theory is Musk is trying to bankrupt Twitter quickly so he can minimise his losses, after his impulsive ego finally had some consequences. I think Huffman thinks Musk is a genius and is trying to emulate him by pivoting into crypto, to create his own PayPal style pay day.

    I also don’t think he’s going to be able to create the perpetual motion money machine he’s expecting, but it’s not like he’s going to go personally bankrupt trying. Graphic artists are a cheap labor business expense compared to the potential gain, and at worst you get your own marketplace out of it.

    It would be easy enough to launder cash through such a system that he’ll probably make more money than most will ever own in their lifetime. Even if 99% of it is only ever traded for less than a dollar.

    The question I have is whether he’s competent to keep enough users for a long enough time to buy a personal fortified island or just a personal apocalypse fort.