FinTech news in token 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.

The Ethereum blockchain isn’t exactly the first thing that springs to mind when you’re thinking of solutions to climate problems, but that what Nori has built as an engine to encourage farmers to use carbon-negative farming methods to pull carbon from the air and put it back into the ground.

Consider that late last summer, Andreessen Horowitz (a16z) invested in an outfit, Yield Guild Games (YGG), that invests in NFTs from blockchain-based games, then loans them out to people who use them and generate revenue as they play. To ensure that their games offer enough liquidity to keep users engaged, game makers have already proven open to working with third-party outfits like YGG and other so-called play-to-earn guilds that similarly buy NFT gaming assets and lease them to players under revenue-sharing arrangements.