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The project leader of the Reddit collectible avatar NFT has resigned, raising concerns among users about the product's future

ChainCatcher news, according to Cointelegraph, Reddit Collectible Avatars project lead Bianca Wyler stated on LinkedIn: "My journey at Reddit has come to an end. While I am sad about this transition, I am incredibly proud of what I accomplished during that time." Reddit Collectible Avatars (RCA) NFT holders expressed concerns about the future prospects of the product upon hearing the news.Some Reddit users noticed that Wyler's recent comments on her Reddit account had been deleted, raising further concerns that her seemingly sudden departure might be a sign that the social platform will make adjustments to the avatar project. In an interview, Wyler revealed that her departure reflects a natural shift for social media companies as they explore new technologies and adjust priorities. Although uncertain about the direction of the RCA project, she believes Reddit will continue to work for the benefit of the community.RCA was launched in July 2022, marketed as limited-edition artwork created in collaboration with independent creators. According to Dune Analytics, the total number of NFT holders has now exceeded 33.5 million. Since peaking at the end of 2022, sales of these NFTs have struggled to keep up, with monthly secondary market trading volumes hovering around $100,000 in the last three months of 2024, and trading volumes have declined since their peak in 2022.
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