Reddit

Polygon

Read

<div class="cryptonews"> 
 <p class="is-style-lead">Despite the general market for non-fungible tokens (NFTs) slowing down in recent weeks, Reddit’s Collectible Avatars on the 0xPolygon platform has surpassed 20 million.</p> 
 <p>According to Dune Analytics, more than 20 million Reddit Collectible Avatars have been minted since the collection’s launch in 2022. Some 16.1 million unique wallets hold the NFTs, with over 2.2 million having multiple avatars.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">There are now over 20M @Reddit Collectible Avatars on @0xPolygon, held by 16.1M holders.<br><br>14% of holders hold more than 1 Collectible Avatar.@DuneAnalytics dashboard by @0xPolygon https://t.co/0qG9Qa7PJg pic.twitter.com/Ro1tLSfTdI</p>— NFTgators (@NFTgators) August 13, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>By May 31, there were 13.9 million avatars held in about 10 million wallets. More than 6 million new NFTs have been minted in just over two months, and a similar number of unique wallets have been added to the community.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Reddit’s Moons and Bricks tokens skyrocket amidst terms of service change 
 </div> 
 <p>Reddit’s July 27 release of its Gen 4 collection boosted the number of avatar holders, with Gen 3 generating sales transactions of over $3.4 million.</p> 
 <p>Users of the Reddit social media network usually display Polygon-based digital collectibles as their avatars. Unlike other NFT pieces often auctioned off, the Reddit avatars are sold for a fixed price and only for fiat currency.&nbsp;</p> 
 <p>The Gen 4 collection, titled “Retro Reimagined,” comprised several limited edition releases priced between $4.99 and $199.99 each.&nbsp;</p> 
 <p>As of Aug. 13, the collection had recorded cumulative transaction <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a>s exceeding $40 million and has helped prop up the Polygon ecosystem following the departure of Y00ts, its leading NFT project, to Ethereum.</p> 
 <p>Per data from Dune, in the last 30 days, the Polygon NFT marketplace recorded transactions worth more than $13.2 million, with Aug. 9 registering the highest single-day <a rel="noopener noreferrer nofollow" title="volume" href="https://thebittimes.com/tag/volume.html">volume</a> at over $830,000.</p> 
 <p>About 53% of that trading action occurred on OpenSea, 29% on Dew, 6.1% on Rarible, and 5.3% on MagicEden.</p> 
 <p>Additionally, Polygon-based NFT marketplaces experienced nearly 6,000 daily active users over the last 30 days, with July 23 marking their single busiest day, registering 21,600 users.</p> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Trump reveals crypto and NFT holdings 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div>

Reddit Collectible Avatars minting volume hits 20m

TheBitTimes

Other articles published on Aug 13, 2023

Visa Trials Innovative Off-Chain Gas Fee Payment Solution, Potentially Redefining Crypto Transact...

Bitcoin leaving other digital currency for dust

ICOs, not Bitcoin, are the bubble

Ethereum (ETH) Price Enters Consolidation Phase with Minimal Volatility

EOS Price Prediction: Bulls Optimistic Despite 80% Dump, $ROE Up 30% in Presale

An update to PowerAgent v2 testnet

Join our free newsletter for daily crypto updates!