Mirela Spasova, a Reddit senior engineer on the Collectible Avatars project, took to the master stage at the Ethereum Community Conference (EthCC) event in Paris to shed light on Reddit’s strategy for onboarding millions of users to its blockchain-backed digital collectibles.
In her presentation, Spasova said that the primary motivation behind running Collectible Avatars on-chain is to empower users with freedom of use. By adopting an on-chain approach, users can make their own choices, including an option to resell the avatars on popular nonfungible token (NFT) marketplaces like OpenSea.
After purchasing avatars from creators on Reddit, users can further engage with the NFT ecosystem and potentially benefit from the growing market for digital collectibles.
In 2022, Reddit launched the blockchain-backed Collectible Avatar project featuring NFTs minted on Polygon. Spasova said the aim was to achieve widespread adoption and support creators in monetizing their collections. To accomplish this, Reddit prioritized user experience, minimizing friction, marketing the product’s benefits and delivering an integrated experience, she said.
To minimize user friction, Reddit made strategic trade-offs, including developing a noncustodial wallet and a “Reddit Vault” for quick onboarding within 30 seconds, Spasova explained. It also introduced fiat purchases for web and iOS users. To enhance the experience, she continued, Reddit ensured users received their collectible avatars instantly upon claiming. It built an asynchronous system to query the minted and transferred state, updating the collectible metadata once the NFT was minted.
Related: DeSo offers $1M bounty for building decentralized Reddit
In the presentation, Spasova explained how Reddit structured the messaging for interacting with new users, emphasizing the product’s benefits, value and overall user experience:
“You’re getting a blockchain-backed collectible, and no NFT provides all of that.“
Spasova concluded that the user experience strategies applied to Reddit Collectible Avatars led to the onboarding of over eight million users to wallets. She also mentioned the positive side effects, such as fostering organic community engagement between artists and users within the ecosystem. Additionally, users’ investment in building various tools has enriched the overall experience for the community, she said.
Collect this article as an NFT to preserve this moment in history and show your support for independent journalism in the crypto space.
Magazine: Interactive NFTs the future for sport, Vegas Sphere excites: NFT Collector
Sourced from cointelegraph.com.
Written by Amaka Nwaokocha on 2023-07-21 15:49:30.
