A Hedera Spot ETF would offer a regulated investment vehicle that makes it easier for investors to gain exposure to HBAR without direct crypto management.

In a major boost for crypto enthusiasts, Grayscale Investments recently filed with the US Securities and Exchange Commission (SEC) to launch a Hedera (HBAR) Spot 

 (ETF), following a similar move by Canary Capital. This exciting step is set to bridge traditional finance and the digital asset worlds by offering investors a familiar, stock-like way to tap into blockchain innovation. In this article, we explain how the proposed spot ETF will work, explore its current landscape and discuss the potential impact on both individual investors and the broader crypto market.

A Hedera Spot ETF is an exchange-traded fund that tracks the price of Hedera assets in real time. It directly holds 

’s native token, HBAR, providing investors with direct exposure to Hedera's market performance.

The Hedera network stands out, thanks to its innovative hashgraph consensus mechanism, which offers faster transaction speeds and lower costs as compared to traditional blockchains. A Hedera Spot ETF would give investors a simple, direct way to tap into Hedera's native cryptocurrency, HBAR, by mirroring its current market price. Structured as a trust, the ETF's main goal would be to hold HBAR tokens, and it would be passively managed — designed to track HBAR’s performance without engaging in active trading.

In order to establish the ETF, authorized participants (APs), typically large financial institutions, would acquire HBAR tokens from cryptocurrency exchanges or OTC markets and deliver them to the ETF’s custodian in exchange for ETF shares. These tokens would then be securely stored in digital wallets managed by the registered custodians, who employ robust security measures, including cold storage solutions, to protect against potential threats.

The authorized participants (APs) maintain the ETF's liquidity and price alignment with the underlying asset. They can create new ETF shares by delivering HBAR tokens to the fund in exchange for ETF shares, or redeem existing shares for the equivalent amount of HBAR. This creation-and-redemption process helps keep the ETF's market price in line with the net asset value (NAV) of its holdings.

Once launched, the ETF shares would be listed and traded on traditional stock exchanges, such as the Nasdaq-100. Investors could buy and sell these shares through their brokerage accounts, similar to trading stocks. This structure offers a familiar and regulated avenue for investors to gain exposure to HBAR without the complexities of directly handling cryptocurrencies.

The ETF would be subject to regulatory oversight by financial authorities, such as the SEC. This oversight ensures transparency, investor protection and adherence to established financial regulations. 

Current landscape of Hedera Spot ETF applications

Canary Capital (and more recently, Grayscale Investments) have both filed with the SEC for a Hedera Spot ETF. This filing represents a significant step toward offering investors regulated exposure to HBAR. Eric Balchunas, Senior ETF Analyst at Bloomberg, has 

 Hedera (HBAR) and Litecoin (LTC) are the altcoins with the strongest likelihood of securing SEC approval for spot ETFs. This optimism is bolstered by the SEC's recent approval of Spot Bitcoin and Ethereum ETFs, suggesting a more favorable regulatory environment for additional cryptocurrency ETFs.

The approval process for a Spot Hedera ETF involves a few key steps. First, the 

 needs to be acknowledged by the SEC. Once this takes place, the filing will be published in the Federal Register, kicking off an initial review period that typically lasts around 45 days but can be extended if necessary. Although exact timelines are hard to predict, industry experts believe that, given the current regulatory environment, these ETFs could receive approval within the next few months.

Current impact of Hedera Spot ETF applications on the crypto market

The prospect of regulated investment vehicles such as ETFs introduces a layer of legitimacy to HBAR, positioning it as an institutional-grade asset. This regulatory clarity is pivotal in attracting traditional investors who may have previously been hesitant to enter the crypto space. The anticipation surrounding these ETF filings has also led to significant price movements. For instance, HBAR experienced a 

 as it reached a value of approximately $0.24 following Nasdaq's filing (on behalf of Grayscale) for a Hedera Spot ETF, reflecting the market's enthusiasm. 

In addition to price appreciation, trading volumes for HBAR have seen a substantial uptick. The token's trading volume 

, marking a 50% increase and indicating strong market engagement. Despite some fluctuations in network activity, overall market sentiment toward HBAR remains optimistic. Investors are actively accumulating positions in anticipation of potential ETF approvals, which could further drive demand and positively impact prices.

What will it mean if a Hedera Spot ETF application is approved?

Approval of a Hedera Spot ETF could be a significant milestone for both the cryptocurrency market and traditional finance. One of the most exciting prospects is that of increased institutional adoption. Large financial players could confidently add HBAR to their portfolios, validating Hedera's innovative technology and potentially boosting liquidity and market stability.

At the same time, a regulated ETF would simplify the investment process for both retail and institutional participants. Instead of managing digital wallets or navigating complex exchanges, investors could gain straightforward exposure to HBAR through a familiar, stock-like instrument. This ease of access might attract a broader range of investors, including those who have been cautious about entering the crypto space.

The mere anticipation of ETF approval has already had a positive impact on HBAR’s market value, with notable price surges following these major filings. Official approval could further drive investor confidence, leading to sustained price appreciation.

Also, such an approval would underscore the legitimacy of Hedera’s unique consensus algorithm and governance model, potentially paving the way for similar financial products in the crypto arena. It could also signal a shift in the regulatory environment, encouraging a more innovation-friendly approach from the SEC toward cryptocurrency-based investment products.

The prospect of a Hedera Spot ETF marks a pivotal shift, connecting traditional finance with the crypto world by offering regulated, simplified access to HBAR. It provides a familiar, stock-like investment vehicle that could attract a broader investor base. Recent filings and positive market sentiment suggest that approval is on the horizon, potentially boosting HBAR’s price and pushing greater institutional adoption. 

Ultimately, an approved ETF would not only validate Hedera’s technology, but also pave the way for more crypto-based financial products in a rapidly changing regulatory environment.

Intermediate

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Hedera Spot ETF: Facilitating easier access to HBAR for investors

EigenLayer has expanded its role in Ethereum’s modular security with new integrations, as Mantle Network and ZKsync adopt EigenDA for data availability, while ZKsync also incorporates EigenLayer’s AVSs for decentralized zk proving.

The S&P 500 rose 1.08% as all sectors advanced after the Fed reaffirmed plans for two rate cuts this year. Powell downplayed inflation risks from Trump’s trade policies, while investors await jobless claims data and key earnings reports. Gold hit a record $3,052 as the Fed held rates, signaled cuts, and geopolitical tensions escalated. Markets await the Fed’s policy decision. The Coindesk Indices, which tracks the broader crypto market, rose by 5.14%, with Bitcoin and Ether up by 3.89% and 6.80% in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is XRP, up 9.0% after the SEC drops its appeal, solidifying Ripple's victory and a win for crypto regulations.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, ending a four-year lawsuit. CEO Brad Garlinghouse called it a historic win for crypto, affirming that XRP is not a security. The case set a legal precedent and paves the way for clearer U.S. crypto regulations.

Check out the latest prices, charts, and data of 

 its role in Ethereum’s modular security with new integrations, as Mantle Network and ZKsync adopt EigenDA for data availability, while ZKsync also incorporates EigenLayer’s AVSs for decentralized zk proving. EigenLayer dominates Ethereum restaking with $9.4 billion in TVL, far surpassing Symbiotic’s $1 billion, partly due to the absence of slashing risks. Mantle replaces its limited MantleDA with EigenDA, improving scalability and security, while ZKsync integrates EigenDA and EigenLayer AVSs to decentralize its proving system. These moves reinforce EigenLayer’s position in Ethereum’s scaling and security ecosystem.

Yesterday, BTC spot ETFs saw a total inflow of $11.8M, with GBTC adding $5.4M and non-GBTC ETFs contributing $6.4M.

Exabits, a decentralized AI infrastructure platform, has launched its Community Incentive Program, offering a 

. Participants can earn points by completing free tasks via the Exabits Airdrop Portal and Zealy. More tasks will be added soon, and users are encouraged to check back regularly.

Beginner

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EigenLayer expands Ethereum security with Mantle integrations

This is a thought leadership article written by Shunyet Jan. Shunyet is Bybit's Head of Institutional and Derivatives.

Before joining Bybit, I began my career on Wall Street and later transitioned into algorithmic and high-frequency trading in Asia. During that time, I noticed how established institutional players — banks, hedge funds and major asset managers — dominated the forex and commodities trading landscape, making it tough for new players to break in.

Fast-forward to today — as Bybit's Head of Institutional and Derivatives, I'm helping institutional trading evolve by merging it with innovative digital tools, all while focusing on a more inclusive approach. Our aim at Bybit is to simplify global market access for a broad range of traders, acting as a seamless bridge between crypto and traditional markets.

Global forex and gold trading boast average daily volumes of 

, respectively. These markets have historically operated via traditional systems in which banks and brokers handle orders and take their cuts. This model has created high trading costs and a barrier to the market. Over time, though, online brokerages have introduced a more efficient way to trade gold and forex, offering participants around the globe cheaper fees and more direct access.

Artificial intelligence (AI), machine learning (ML) and algorithmic strategies have also entered the picture. Instead of manually placing orders and dealing with human error, many traders now automate and fine-tune their tactics. This shift toward more sophisticated technology has improved execution speeds and led to fewer slipups. The next phase of commodities and forex innovation involves bringing it closer to crypto: tying 

 and digital platforms to traditional currency markets is creating an exciting chance to reshape trading altogether.

At Bybit, we're committed to integrating traditional finance with digital assets. One great example is our move to accept 

 (USDT) as collateral for forex and commodities trading. This step goes beyond simply merging two distinct markets: it represents a tangible push toward a world in which institutional traders can operate seamlessly across different asset classes, without unnecessary conversions or barriers.

One concrete way we're bridging Gold&FX with crypto is by connecting MetaTrader 5 (MT5) to Bybit. With 

, anyone can tap into a range of markets — from crypto perpetuals and forex to indices and gold — all in one place. This unified approach means traders can try various strategies without juggling multiple accounts. It's a time-saver, especially for professionals who thrive on quick adjustments.

The onboarding process is simple. After setting up an MT5 account, traders can access up to 500x leverage, trade more than 100 pairs and enjoy focused 24/7 customer support. MT5 itself offers advanced charting tools and a wealth of indicators, perfect for traders who want precise data. We also include our 

 feature, which allows traders to program their own automated strategies and react to market shifts in real time.

USDT as a game-changer in Gold&FX trading

On MT5, traders can use Tether USD (USDT) for gold and forex trading. This means they can jump into traditional markets directly from their crypto balances. There's no extra step of converting to fiat currency and waiting on banking systems, which often leads to unnecessary fees and delays. The result is a more fluid path between crypto and traditional markets.

In fact, since the introduction of USDT collateral, more than $3 billion in trades involving forex, gold and equity index CFDs have taken place on Bybit. Stablecoins such as USDT speed up settlements and often reduce overall trading costs. In addition, they can serve as a defense against sudden shifts in fiat exchange rates. 

Spearheading the Gold&FX market's evolution

Technology has lowered the traditional hurdles of high fees, complex processes and geographic barriers. At Bybit, we want to bring digital innovation to the gold and forex markets by offering advanced tools, in-depth liquidity and a clear path to trade.

Ultimately, we're working toward a trading ecosystem that will let you switch effortlessly between digital and traditional assets. Instead of slowly adapting to new technology, we're pushing boundaries and ensuring that Bybit stands at the leading edge of financial innovation.

For me, it's not just about introducing novel tools — it's about rethinking how people engage with the global economy. Gold&FX and crypto don't have to exist in separate silos. By bringing them together under one roof, we're paving the way for a more dynamic and transparent financial future. As this convergence gains momentum, Bybit remains committed to developing user-friendly solutions that cater to the evolving needs of the market.

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Gold&FX Trading: How Bybit is bridging traditional markets with crypto

Explore 11 amazing perks of the Bybit Card, from earning cashback to securing rewards and seamless crypto payments. See how it makes spending crypto easier!

Transacting using your crypto assets shouldn’t be complicated. As such, Bybit has created a way to make life easier for its users through the Bybit Card,

 that doesn’t have annual or monthly fees and offers exclusive benefits, including up to 10% cashback and 100% rebates on selected partners. 

Read on to discover all the perks you can enjoy when using your Bybit Card.

The following are some of the unique selling points of the Bybit Card.

Over 100 million merchants accept the Bybit crypto debit card. All you need is to shop and pay at stores that display the Mastercard logo. As one of the leading global electronic payment providers, Mastercard has an expansive merchant network around the world. 

Bybit’s strategic partnership with Mastercard provides a secure platform for its users to conveniently pay for goods and services using cryptocurrencies.

Currently, you can select and pay anytime, with one of the following eight cryptocurrencies using your Bybit Card — 

 (BNB). The transaction process is fast and straightforward since it is done directly from your Bybit account through an intuitive and user-friendly dashboard. We're also adding more crypto options and allowing multi-asset spending in a single transaction in the future, so stay tuned for the upcoming developments!

At Bybit, keeping our customers' funds safe is a priority. For that reason, we saw Mastercard as a perfect fit, since their platform observes strict security standards to prevent loss of funds and customer information.

The Bybit crypto debit card is enabled with 

, a cutting-edge fraud prevention technology that allows for consumer authentication when making online payments. When using your Bybit Card, you can comfortably shop knowing that there’s an additional layer of security present to keep fraudsters at bay.

You can earn from 2–10% cashback, depending upon your Bybit VIP level. If you’re a regular Bybit card user, you’ll earn 2% cashback capped at 10 USDT every month. Meanwhile, if you’re a Supreme VIP user, you can receive 10% cashback (up to a maximum of 600 USDT per month). You can also enjoy 100% merchant rebates on Netflix, Spotify, Amazon Prime, ChatGPT and TradingView subscriptions, in addition to a 50% airport lounge access discount. 

Bybit Card’s exciting Rewards Program lets you earn Bybit Card Rewards Points every time you pay using our crypto debit card. Just like with cashback, the point multipliers and monthly caps for your Reward Points vary according to your VIP level. Supreme VIP users can enjoy 50-point multipliers capped at 

. Depending upon the Rewards Points accumulated, you can redeem them for different rewards at the 

. Auto Cashback activation is among the redeemable rewards from the Rewards Market. 

, you can also earn up to 12% cashback and receive 12% off on selected merchandise in the Rewards Market, unlocking even more savings as you claim exclusive rewards.

 function to automatically earn interest on your idle crypto assets in Flexible Savings, which can be automatically redeemed to spend with your Bybit Card. 

After you activate the Auto-Savings function on your card, the system will automatically transfer your funds from your 

 to stake in Flexible Savings plans daily at 10AM UTC. 

Note that your assets will only be staked if the minimum eligible staking amount is met, and the Auto-Savings function can help you stake up to the maximum investment amount. However, if your amount is insufficient or exceeds the maximum limit, your subscription will fail for that day.

 whereby referrers can receive 20 USDT, while referees can earn 10 USDT when they spend more than 100 USDT or its equivalent within 30 days of applying for the card. You can claim your reward at the Rewards Hub within 10 days of your referee’s completion of their task.

The Bybit Card comes in two versions: physical and virtual. The Virtual Bybit Card is free, and you can instantly 

Meanwhile, the physical Bybit Card may incur an application fee of 5 EUR/USDT, depending upon the region. You can make both online and contactless payments with a physical Bybit Card at retail stores using POS terminals that support contactless payments. 

The virtual card also comes with limited time–only exclusive designs created specifically for various campaigns, such as the Tomorrowland Brasil Pre-Sale Tickets event in April 2025, the 

 event in November 2024. In the first half of 2025, selected users can even enjoy a 

Bybit has over 20 trading products available on its exchange, including 

. With the Bybit Card, you can easily and quickly off-ramp your earnings and spend them to make online payments.

As a customer-centric platform, Bybit provides 24/7 multilingual customer support for all its products, including the Bybit Card. We have a team of dedicated live agents to address any questions, concerns or inquiries related to your Bybit Card.

The Bybit Card is a versatile crypto debit card that offers a multitude of benefits, including up to 10% cashback, a Rewards Program for you to redeem exciting rewards and the ability to earn interest on your idle crypto. You can reap advantages from it by using it actively or simply holding on to it, making it a truly outstanding card to possess. 

In the first half of 2025, Bybit Card will further cement its status as one of the top-tier crypto cards in the market with enhancements such as an improved Rewards Program, stronger fraud protection, a redesigned intuitive dashboard, wearables connectivity and complimentary family cards. With all these exciting updates on the horizon, it may be time for you to sign up for a Bybit Card now and enjoy all of its perks.

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11 amazing benefits of using the Bybit Card

Bybit Learn

A Reddit NFT is an avatar that can be purchased on the Reddit avatar marketplace. Find out how you can obtain a free one from Reddit's latest airdrop here.

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 (NFTs) don't always come from places you would expect. One platform that has shown an eagerness to provide its community with easy access to NFTs is 

, which is a social news website and forum. In fact, Reddit has been a big supporter of the cryptocurrency industry, demonstrated by its 

 as an alternative payment method for in-app purchases 

Over the years, Reddit has introduced many features to its community that indicate the platform will broaden its support for the NFT industry in the years to come. Recently, it has even introduced its own collection of NFTs that are given away for 

. Before we start talking about its recent NFT collection, let’s first take a look at what Reddit is and how it works.

Reddit is a popular networking site that allows users to discuss, vote on and share content. Any user who joins Reddit can provide posts with a downvote or upvote, which determines how popular a post is when it comes to search rankings.

Reddit exists as a forum and networking site with more than 

. These users can search Reddit for entertainment, news, updates, marketing and memes that cover all manner of topics. The website was placed online in 2005 and is likely the most popular discussion website in existence.

When a user first joins Reddit, they create a profile and username that represents them when they make posts or comments across the forum. Reddit users are commonly referred to as redditors. Along with being a forum where users can create communities and topics about practically anything, Reddit is a news aggregation site, which means that any important piece of news is posted on Reddit for discussion among members. The various types of content that can be placed on Reddit include text posts, images, audio clips, videos and external links.

If a redditor wants a community where they can host more specific discussions, they can create a subreddit. Once a dedicated subreddit is made, redditors who are interested in the topic of discussion can join the subreddit. Thousands of subreddits cover subjects such as TV shows, movies, politics, stock trading, gaming and cryptocurrency.

As of this writing, it's believed there are more than 140,000 active daily subreddits. When content is shared on a subreddit, the post gains more interest from redditors. The voting system mentioned previously provides redditors with the opportunity to determine which content goes viral. Any negative or uninteresting post will be ignored or downvoted, which means that it won't be spread around.

Since its inception in 2005, Reddit has cultivated its community by regularly introducing features that keep members engaged. These features include everything from Reddit karma to Reddit awards.

In order to be a top poster on Reddit, you must first build a reputation, which usually results in other members valuing your opinion more than they might have before. Because there are more than 430 million users on Reddit, it's possible for hurtful comments and troll attacks to be posted by some of the users. Reddit created the 

 to make sure that troll attacks and hurtful comments don't remain highly visible for long.

Reddit karma is essentially the score that each redditor receives for their activities on the Reddit platform. When a redditor comments or posts in a subreddit, they can earn comment or post karma. The Reddit platform calculates how much karma a redditor receives based on the number of downvotes and upvotes they’ve obtained for their comments or posts.

If you want to earn karma, you need to comment on posts or share content on a relatively regular basis. An easy way to get other users to interact with your comments is by asking questions. If your posts or comments receive upvotes, your karma count should also increase.

Once your Reddit karma reaches a high enough level, you can earn benefits. For instance, certain communities require redditors to have a specific karma count before they're able to join the community or make a post. Having a high enough karma also grants access to community perks. For example, having 50 karma allows redditors to create a subreddit. Keep in mind, however, that there isn't any monetary value for Reddit karma.

, are a type of virtual currency that redditors can use to purchase certain awards. These coins can be earned or purchased in bundles. If you want to purchase coins, 500 can be bought for $1.99. It's possible to purchase 82,000 coins for $199.99.

redditors have the ability to provide awards to other users, based on comments or posts that are at the top of discussion threads. At the moment, there are a total of four distinct Reddit awards that can be given away:

Community awards are customized by moderators and are used to fund the creation of more exclusive rewards to be used within specific communities. On the other hand, reaction awards indicate how someone has reacted to a comment or post. For instance, a "Rocket Like" award can be given when an upvote isn't enough. Reaction awards provide redditors with another way to express themselves when reacting to content.

Medals are regularly awarded to comments or posts considered to be highly motivational or inspirational. The types of medals that can be awarded include:

The Silver medals are the least expensive, while the Ternion All-Powerful medals are the most expensive. As for premium awards, they are exclusive to all Reddit Premium members.

Back in 2013, Reddit began to explore cryptocurrency by formally accepting Bitcoin as an alternative payment method for all in-app purchases on the Reddit platform. However, Reddit 

 for in-app purchases in 2018 as the result of high transaction fees on Coinbase.

 program. Reddit Community Points are cryptocurrency rewards that exist via the 

 blockchain. The purpose of these points is to provide redditors with the opportunity to own a portion of the community they use. Points are awarded based on the contribution a user has made to a specific subreddit. This program is currently in beta testing.

Think of Reddit Community Points as a kind of fungible token that functions like Reddit karma. Community members can decide to distribute points throughout the broader community, and can use total karma points as an indicator of who should receive points. Reddit also plans to allow for digital transactions that turn coins into awards with the Community Points program.

In order for Reddit Community Points to be sent to another redditor or stored, a 

 must be used. Along with storing Community Points, Reddit Vault is where the MOON and BRICKS tokens are held.

Reddit provides users with a wide range of different collectible avatars they can pair with their accounts and online personae. These avatars are made by independent artists, and can feature practically any type of image. Collectible avatars are only available for a limited time and are supported with 

, which is an Ethereum-based blockchain that comes with low transaction fees. The avatars can be used as a type of 

 and are displayed via a glowing effect when shown in a comment section. The artists who create these collectible avatars usually charge anywhere from $10 to $100 per avatar.

A Reddit NFT is a type of avatar that can be purchased on the Reddit avatar marketplace. This marketplace provides redditors with the opportunity to buy blockchain-based images for a set amount of money.

If you decide to purchase an NFT-based avatar, you can do so with a crypto wallet, credit card, debit card or Reddit's Vault. Reddit has partnered with many independent artists to create over 90 designs, released alongside the marketplace’s launch. However, the total number of NFTs up for sale is in the tens of thousands.

In the event that you buy a limited edition NFT on Reddit, you're given the licensing rights to the token, which means that you have the ability to use the avatar on and off Reddit. In addition, buying one of these avatars allows you to alter its look with different merchandise obtainable within the avatar builder. As mentioned earlier, these avatars come with a glowing effect when you make a comment under a Reddit post.

There are several different types of Reddit NFTs available at this time, which include NFTs made by independent creators, the latest free NFTs — and CryptoSnoos.

 in 202 as its main and exclusive NFT collection. Every NFT within this collection comes with an image of Reddit's alien mascot, known as Snoo. Since every NFT is unique, these images are available in a wide range of different styles. One NFT may be displayed as a pixelated image, while another could include a disco ball.

Each CryptoSnoos NFT comes in a different stock level, which determines its scarcity. The labels that a CryptoSnoos can be affixed with include Legendary, Epic and Rare. Legendary CryptoSnoos NFTs are one-of-a-kind, which is why they’re priced higher than the rest. Epic versions are considered to be extremely limited editions. On the other hand, Rare NFTs are known to be limited edition versions.

 wallet and make sure to connect your Reddit account to the 

. At this time, a total of four CryptoSnoos have been sold. You can use these NFTs as your avatar on Reddit. All CryptoSnoos avatars have a glowing animation, similar to the animation used for collectible avatars.

As mentioned previously, Reddit NFTs are available as collectible avatars, created directly by independent artists on the Reddit platform. Most of these NFTs can be purchased on Reddit or OpenSea. Since there isn't an auction, every NFT comes with a fixed price. While many redditors use a crypto wallet to purchase Reddit NFTs, you can also buy them with a debit or credit card. When you navigate to the 

 subreddit, you can also search for your favorite artists.

Reddit is currently distributing batches of airdrops to give away free Reddit NFT avatars to top members of the Reddit community. Although the criteria to qualify for the airdrop are not clearly stated, it’s assumed that these Reddit NFTs are designed solely to be given to top redditors who have garnered high karma points through the Reddit karma program.

When a member is set to receive one of these avatars, they’re shown a banner that will take them to the place where the Reddit NFT can be claimed. There are four separate styles of collectible avatars that members can select from when claiming their free Reddit NFT.

 is one style that members can select from when claiming their free Reddit NFTs. It’s known for having robotic and futuristic elements. The floor price when purchasing one of these Reddit NFTs is 0.02 ETH. However, they can cost as much as 100 ETH.

 is a collection of Reddit NFTs by independent artists that's meant to display cute and friendly animals. The floor price for one of these Reddit NFTs is around 0.01 ETH. However, you can pay as much as 100 ETH for an Aww Friends NFT.

 is a collection of stylish NFTs based on the street style scene, which makes these among the most eclectic NFT avatars a redditor can claim. The floor price for a Drip Squad NFT is around 0.03 ETH and the highest listed price is 255 ETH.

 Reddit NFTs are designed around the idea of what an NFT would be like if the internet could throw up. These NFTs are designed to be beautiful and hideous at the same time. The floor price for a Meme Team NFT is 0.02 ETH. Interestingly, this style is being sold for the highest price out of the four styles, with the highest listing price of 69,420 ETH.

Claiming a free Reddit NFT is relatively straightforward, but can only be done if you're already a top redditor and have earned a high number of Karma points. It's estimated that the number of Karma points a user must have to receive a free Reddit NFT is 2,500 or higher.

If you qualify for a free Reddit NFT, you can claim one by going to the 

 of Reddit on your desktop, which will show you a general feed of articles and threads you can click on. The tab to reach the home page is located in the top left corner of the page.

Scroll down a bit until you see a banner with an image of Reddit avatars that reads 

. This banner will pop up between two Reddit posts or threads.

. Once you click on the button, you'll be able to choose from several themes before claiming your avatar.

Don’t worry too much if you fail to see this banner despite meeting the criteria. Some redditors have also mentioned that they have yet to see theirs, but since the airdrop is happening in batches, it’s believed that every top redditor will get their chance in due time.

Reddit uses the Ethereum-based blockchain known as Polygon to mint their collectible avatars on-chain. Many of these avatars are designed by independent artists whom Reddit has partnered with. These artists include redditors from other communities like 

If you want to obtain a Reddit NFT avatar without being a top Reddit member, it's recommended that you join the 

 subreddit, which is an invite-only community. Once you join this community, you can 

 by top NFT artists, as well as posts about collectible avatars that are available for purchase.

Unless you decide to purchase CryptoSnoos NFTs on OpenSea, there isn't an auction system for the collectible avatars. Every NFT comes with a fixed price on the official Reddit NFT marketplace, which allows you to purchase one of these NFTs with fiat currency. In order to enter the NFT marketplace, simply click on your profile on the top right, then the 

 button from the drop-down menu, followed by 

The fixed prices for these avatars range from:

Even if you aren't part of the r/CollectibleAvatars community, you should be able to purchase one of these collectible avatars via the avatar builder page. 

If you want to purchase an avatar on OpenSea, your Reddit account must be connected to the OpenSea marketplace. From here, you can search for collectible avatars and choose the 

Because of their popularity of the Reddit platform and the unique element of collectible avatars, Reddit NFTs are a good investment for the foreseeable future. If you enjoy making comments and creating posts on Reddit, you can get a lot of use out of Reddit NFTs. 

If you were able to obtain a free Reddit NFT from the exclusive NFT airdrop, you can choose to hold on to them and sell them in the future. If you weren’t, you can consider purchasing them instead. While many of these NFTs have a set price, there are a large number of collectible avatar collections on OpenSea that allow you to purchase even more unique and valuable NFTs that you can use as avatars on Reddit.

The NFT scene has become increasingly popular over the past few years. As popularity grows, communities like Reddit are starting to provide members with NFTs, which helps to create a greater sense of community while also allowing members to display their individuality. Now that you know how to obtain a Reddit NFT 

either through purchasing one on the NFT marketplace or claiming one from the free NFT airdrop 

 you should be ready to find the avatar that best suits you.

Reddit NFT: What It Is & How to Get One for Free

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards