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Reddit Collectibles Community Fears the Worst

With the departure of its sole community lead, Reddit's NFT community worries about a shutdown.
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Jan 7, 2025 • 1 min read

The Reddit Collectible Avatars community is worried for the future of the NFT project after the sudden departure of Bianca Wyler, Reddit’s Collectible Avatar community lead.

What’s The Scoop

  • Unannounced Departure: Bianca Wyler confirmed she was no longer with Reddit via a LinkedIn post on Monday.
  • Uncertain Future: Reddit’s NFT project has struggled to gain the same sort of traction since its initial launch in 2022.
  • Tough Timing: She was interacting with the community just hours before her announcement on LinkedIn.

Bankless Take:

Reddit has had a challenging history with its early crypto efforts, though the company has yet to deliver any concrete news on the fate of Reddit Collectible Avatars, many large companies have sought to walk away from bull market NFT efforts over the past year. The most high-profile recent example being Nike shutting down their acquired RTFKT project. 

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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