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Dead reddit theory
(reddthat.com)
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A collection of some classic Lemmy memes for your enjoyment
What is the 99.99 stuff? NFT ? Avatar?
Reddit is really the only online place that embraced NFTs and maintained an ecosystem with them. It's a small ecosystem, but they use them in all their absurdly nihilistic glory.
Both, I believe. I haven't used reddit for a while, but when I was on there and they were selling NFTs, they were both avatars (more specifically, a combination of outfit pieces you could mix and match with other pieces from other NFT and non-NFT avatars) and a collectible at once.
I honestly don't have much of a problem with how they did NFTs as avatars. If you want to monetize your platform in a way that doesn't paywall any actual features or meaningfully impact the user experience, go for it. But they really started to go hog wild on it and promoted it so persistently that it felt like you were being made to care about a profile picture you probably wouldn't have remembered you even had otherwise.