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Reddit cofounder svs pfp
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Reddit Co-Founder Changes PFP to a Sneaky Vampire Syndicate NFT

With Coinbase looking to build the world’s largest NFT marketplace, hot on its heels are Reddit who says that “just as cryptocurrencies are set to revolutionize the world of economics and finance, NFTs are going to rewrite how we think about digital goods” in a Job ad recently posted. What’s known as the front page of the internet, Reddit is recruiting a senior back end developer to build what could be the biggest creator economy with its own NFT platform.

If you’re not sure of Reddit’s influence, you only have to look so far at the impact on GameStop’s stock price, with Reddit at its forefront, as well as dogecoin, gaining massive momentum as a meme-coin driven by discussions on the website.

In further signs Reddit is committing to NFTs, Reddit’s Co-Founder, Alexis Ohanian, changed his profile picture on Twitter to an honorary vampire from the Sneaky Vampire Syndicate (“SVS”) which was created by ex-Bored Ape Yacht Club Artist, @Migwashere. Ohanian has also mentioned owning 4 other SVS vampires from the core collection which are ‘staked’ to earn him daily $BLOOD tokens.

Ohanian coming on board could mean huge things for the SVS project with NFT creators often looking to bring onboard celebrities, influencers and verified Twitter accounts to build hype and demand around their projects, as well as big money for the developers. SVS generated over US$35 million of trading volume in its first week and they have just finished launching the minting of 8,297 Bat Companions, leaving 591 Companions who are lost forever. SVS’ Lead Developer Woof said: “We’re glad to have finished our roadmap with such a great community; to be able to reward them with another great piece of art done by Mig for just holding onto their Sneaky Vampire is very exciting for our team.”

The Bat Companion release also marks the end of SVS’ first Roadmap and the exciting start of Roadmap 2, with Generation 2 female Vampires lined up as their first deliverable, followed by breeding using their $BLOOD token. There will be a total supply of 11,111 Female Vampires, 8888 reserved for OG Generation 1 Vampires. Further this week, the team has announced collaborations with @Crypto888Crypto, a metaverse vampire lair in ‘Wiami’ as part of the @WilderWorld platform, a collaboration with @PixletStudio, as well as one of the first projects to be listed on the Binance NFT Marketplace.

Svs staking dashboard

The developers plan to use $BLOOD tokens to add further functionality and utility to the project with access to events, ability to purchase real-world products including an exclusive registered & private label SVS champagne created with master champagne connoisseur Shammi Shinh in 2022, exclusive SVS items/perks in the MetaVerse, discounted minting of additional Generation 2 Female Vampires, breeding NFT’s and much more.

This also follows massive SVS QR Code billboards appearing in Times Square ahead of the NFT.NYC conference, along with an SVS branded digital billboard truck roaming New York City. Get ready for Vampires and Bats to take over this Halloween. If Reddit and its co-founders investment are any signs, it looks like NFTs are here to stay.

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About the author

About the author
CO-FOUNDER

Mr Scott Purcell, CFA

Scott Purcell is the Co-Founder of Man of Many and a CFA Charterholder. Scott graduated with a Bachelor of Commerce from the University of Sydney majoring in Finance and International Business. Prior to starting Man of Many, Scott spent 7 years at Westpac Institutional Bank as a Senior Financial Analyst. Scott was named as a Finalist for Publish Leader of the Year in the Mumbrella Publish Awards for 2021, as a Finalist in the NSW Business Chamber Awards for Young Entrepreneur in 2017 and brings extensive commercial and financial expertise to the media industry. Scott specialises in technology, finance, whisky and general lifestyle content.