FinTech news in Reddit category

Reddit is launching a new NFT-based avatar marketplace today that allows you to purchase blockchain-based profile pictures for a fixed rate. Reddit noted artists also receive royalties — with a 50/50 profile split with Reddit — from secondary sales of these NFTs on marketplaces like OpenSea and Rarible. You can use Reddit’s own blockchain wallet called Vault — which is available on the firm’s native app — to store and manage these NFTs. Reddit says that while NFT profile pictures is an early-stage blockchain project, it wants to explore more features with the tech.

Syndicate’s suite of smart contracts can walk users through the process of formalizing their club with a legal entity and handling things like setting up a bank account and getting tax forms to ensure stuff stays above-board.