Redditors will soon be able to purchase blockchain-based collectible avatars after Reddit revealed that it will provide the range of avatars through a special storefront in the near future. Last week, the social media and discussion network announced that it had launched the new storefront that would allow users to purchase limited-edition collectible avatars backed by blockchain technology.

Thanks to its decentralized nature, blockchain technology is used in the cryptography market to enhance security and increase traceability, efficiency, speed and transparency. Even though the crypto market has seen significant losses in recent weeks, the hype around blockchain technology that underpins the…

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