Reddit Vault

Reddit Vault is the in-app cryptocurrency wallet Reddit built to hold its blockchain-based digital goods, namely Collectible Avatars and the earlier Community Points. Introduced alongside Reddit's NFT-style avatar push, the Vault is a non-custodial, Ethereum-compatible wallet created automatically when a user buys a collectible or sets one up in the mobile app, and Reddit has said that only the user, not the company, can access its contents.

The Collectible Avatars stored in a Vault are tokens minted on the Polygon blockchain and sold for roughly ten to one hundred dollars, while Community Points were Ethereum-based tokens rewarded for subreddit engagement. Because the wallet uses standard blockchain technology, its assets can be exported to outside wallets and traded on third-party marketplaces such as OpenSea. Reddit reported that more than three million Vaults had been created, around two and a half million of them tied to avatar purchases, a figure that briefly rivalled the registered-user counts of established NFT marketplaces. The Vault matters as the infrastructure layer beneath Reddit's much-debated crypto and NFT experiments, distinct from the avatars and points themselves, and it underlines how far the platform went in tying blockchain ownership to ordinary accounts before scaling those efforts back.