Comment by JQuick on 07/07/2022 at 20:42 UTC

173 upvotes, 6 direct replies (showing 6)

View submission: Introducing Collectible Avatars

Here's an interesting little blurb in the Terms of Service that u/lotgd-archivist found[1]:

1: https://www.redditinc.com/policies/previews-terms

"You also have a limited right to transfer your Licensed Rights solely in connection with the disposition or sale of your Collectible Avatar in accordance with these Previews Terms. **You will lose this transfer right if you breach these Previews Terms or your Licensed Rights are otherwise terminated in accordance with these Previews Terms.**"

And

"**You have no expectation of economic benefit or profit as a holder of the Verified Virtual Good and will not portray the Verified Virtual Good to others as an opportunity to obtain an economic benefit or profit**"

Reddit wants you to pay money for a thing you won't actually own and, as specified by their own ToS, has no actual value at all. This is very stupid at best and a literal scam at worst.

Replies

Comment by sirtaptap at 08/07/2022 at 15:39 UTC

58 upvotes, 2 direct replies

These terms expressly forbid what even most NFT lovers will admit is the only "use" for NFTs, desperately hoping to resell it for more to an even bigger moron.

Comment by Pipe8_ at 13/07/2022 at 19:52 UTC

1 upvotes, 0 direct replies

Alright then :)

Comment by Educational_Ads_ at 13/07/2022 at 21:47 UTC

1 upvotes, 0 direct replies

Thanks for saving my money👍🏻

Comment by cyrilio at 21/07/2022 at 22:14 UTC

1 upvotes, 0 direct replies

If the money for the Snoo could be given to improve specific subreddits somehow then I'd be less disgusted. This is just a money grab.