NFTs on Reddit reach new sales high

3 years ago

Polygon and Dune Analytics made a report on sales of a collection of Reddit avatars in the form of NFTs. The data shows that trading volume exceeded $1.5 million. It is worth noting that since the launch, sales of $ 4.1 million have been made.

More than 3,500 users buy non-fungible Reddit items on Polygon every day. NFT avatars are being created by independent artists. To buy a unique item, you must have a Vault wallet. These NFTs can be used for a profile picture.

Also, NFTs can be resold on secondary markets such as OpenSea. The maximum price on NFT Reddit is $24,149 or 18 ETH.

The original idea behind Reddit was to create an environment for artists to use NFTs to promote art and monetize their work. According to a merchandise report, the artists have got more than $60,000 through the secondary market.

Rewards

More rewards

Discover enhanced rewards on our social media.

Thirdverse — The Metaverse of the Future: VR Gaming, Blockchain, and Digital Economies

Thirdverse merges VR and blockchain to build the next-generation metaverse with NFT-based assets, Web3 games, and infrastructure on Polygon and Oasys.

Elena Ryabokon7 hours ago

Recoveris: Blockchain Forensics, Crypto Investigations, and Asset Recovery Solutions

Recoveris is a blockchain platform for crypto investigations, digital asset recovery, and legal reporting using advanced forensics, AI analytics, and regulatory-compliant tools.

Elena Ryabokon10 hours ago

Gyld Finance: A decentralized hub for managing liquidity and revenue

New projects are regularly launched in the DeFi space. Gyld Finance is a promising protocol that offers unique solutions for liquidity management and passive earning through a dual token system and efficient farming.

Max Nevskyi10 hours ago

Suzaku Token — Decentralized Security Infrastructure for Avalanche-Based L1 Networks

Suzaku Token, Suzaku Protocol, SUZ, restaking, Avalanche, Layer 1, blockchain security, validators, staking, SuzakuRN, Web3 infrastructure, tokenomics, decentralization

Elena Ryabokon13 hours ago

HypeDuel: A New Era of Social Trading and Prediction Battles in the Crypto Market

HypeDuel is a new step in the evolution of Play-to-Earn. The platform turns trading into gambling duels, where you can make money on accurate price forecasts. Combines DeFi, gamification and social interaction.

Max Nevskyi16 hours ago

Credit Coop Overview: Web3 Lending with On-Chain Revenue Distribution

Credit Coop is a Web3 protocol for decentralized lending backed by future revenues. Explore its Spigot system, smart contract architecture, metrics, and on-chain credit innovation.

Elena Ryabokona day ago