Fortune:
How Reddit’s blockchain-based Collectible Avatars, which avoid the NFT label, became popular; Polygon data shows the total sales volume was $10M+ by November 2 — At 2:59 p.m. ET on Oct. 20, when Reddit announced its second generation of collectible avatars, Ethan Clark was ready, phone in hand.
Kyle Wiggers / TechCrunch:
Reddit’s chief product officer says 3M+ users created Reddit Vault wallets, including 2.5M to buy NFT avatars that can be used as profile pictures on the site — In July, Reddit jumped on the NFT train, launching an NFT-based marketplace that allows users to purchase blockchain-based profile pictures for a fixed rate.
Taylor Locke / Fortune:
Uniswap Labs launches an NFT marketplace aggregator with listings from OpenSea, LooksRare, NFTX, and others, after acquiring the aggregator Genie in June — Though sales of nonfungible tokens, or NFTs, have dropped substantially amid the ongoing Crypto Winter, Uniswap Labs remains bullish on the future of the market.
Sarah Perez / TechCrunch:
Reddit acquires contextual advertising company Spiketrap to improve its ad quality scoring and boost prediction models for auto-bidding — Reddit’s acquisition spree is continuing this morning with news that the company is bringing the audience contextualization company Spiketrap’s technology in-house.
Jess Weatherbed / The Verge:
Telegram adds video transcription, separate topics in large groups chats, NFT-like “Collectible Usernames” secured by the TON blockchain network, and more — Telegram has updated its app with new features and visual updates, including the addition of voice-to-text transcription for videos …
Jay Peters / The Verge:
Meta announces Horizon Worlds avatars are getting legs using an AI model to predict the body’s position, an avatar store, avatars are coming to Reels, and more — Meta’s Horizon avatars will be getting legs. So far, the company’s avatars have weirdly just hovered off the ground …
Andrew Hayward / Decrypt:
Some NFT marketplaces stop honoring NFT royalties, usually a ~5-10% fee set by the creator and paid by sellers on secondary market sales, rocking the community — Creators sound the alarm after the marketplace reveals its plans, which include blacklisting rivals and potentially optional royalties.
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