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NFTs on Reddit reach new sales high

NFTs on Reddit reach new sales high

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by dapp_writer005

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.

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