A recent post on the biggest internet forum attracted a lot of attention from users while not containing anything shocking or controversial. The original poster recommended users re-evaluate their security measures for Reddit accounts.
There are many ways to ensure that your Reddit account cannot be accessible to unauthorized users. You can use additional 2FA, fingerprint scanning for mobile apps, and more.
We do not want to talk about security measures themselves, it would take a long time to discuss all of them even on a surface level. Instead, we want to convince you that you should look into them right now!
The number 1 Reddit NFT avatar was sold for 15 ETH
This sentence alone should infuse you with a sudden urge to immediately change passwords and start focusing on implementing more security measures. Reddit NFT avatars reinvigorated the whole NFT industry and caused a massive spike in interest in trading digital collectibles. This is good news, but it also brings a new host of worries to users of the “front page of the internet”.
The most obvious one is that all Reddit avatars are tied to accounts. The platform allows anonymous registration without verification of personal credentials of users meaning that Reddit cannot act as a centralized entity regulating issues related to avatar ownership.
If you want to stay anonymous and use these NFTs, you will have to double or triple security efforts on your side. Otherwise, you will have to give up one or the other.
The value of the account that uses the number 1 avatar is above $19K as of the time of writing. For many users of the platform, it is a sum higher than they make in a year. If you get your hands on one of the avatars with a number that could have value to collectors (420, 69, and so on), it is a good idea to use crypto-level security measures.
Your Reddit avatars may be very valuable in the future
While we cannot argue in favor of believing in NFTs and their future, Reddit is certainly an example of a use case that makes sense and offers something valuable to collectors. It is more than possible that the market for these avatars will exist in the future.