Community Points allow members of Reddit communities to own a piece of their community, earn rewards for quality contributions, and unlock special features.
Read all about it at the above link. There's way too much to process here. This is going to be wild.
They just told everyone they were giving them a new profile picture and at the end they said "here's your nft, enjoy!", Like that matters.
I had the default non-avatar and didn't care enough to remove that avatar they gave me.
I would assume no one tried to buy or sell the fully things, so not much money was stolen from people through that, so not a lot of people complained. I guess the lack of opportunities to grift with those is why they would have stopped.