April

Polygon

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">Reddit has deployed the contract for its third generation of blockchain-based digital collectibles, called “Reddit Avatars,” on the Polygon blockchain, with an official launch planned for next week. The new collection comes as the online discussion platform has seen huge success with its earlier NFTs.&nbsp;</p> 
<h3 id="reddit-gen-3-nfts-to-drop-next-week">Reddit Gen 3 NFTs to Drop Next Week</h3> 
<p>Reddit is set to drop its Gen 3 avatars next week, an admin said in an&nbsp;<a href="https://www.reddit.com/r/CollectibleAvatars/comments/127x7ry/you_know_what_rhymes_with_wen/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">announcement</a>&nbsp;last week. “GEN 3 is dropping the week of April 10th! Your vigor, your valiance, and now your vaults will be taken to another dimension with the third installment of creator made Collectible Avatars,” the announcement read.&nbsp;</p> 
<p>The admin detailed that some of the previous artists were involved in the initiative, and some new artists will participate in this round, creating and designing unique avatars. “Soon you’ll be able to see all their amazing work available for purchase in the Collectible Avatar Shop,” they added.&nbsp;</p> 
<p>Some community members and collectors have expressed their opinions on the highly anticipated release, speculating that the drop would sell out quickly. Others noted that the excitement around upcoming NFTs could also positively impact avatars’ first and second generations.&nbsp;</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="reddit-nfts-see-huge-success">Reddit NFTs See Huge Success</h3> 
<p>In July last year, Reddit announced the launch of its collectible avatars and a Polygon-based NFT marketplace for trading those digital items. “Collectible avatars are backed by blockchain technology, giving purchasers rights (a license) to use the art – on and off Reddit,” the company&nbsp;<a href="https://www.redditinc.com/blog/blockchain-backed-collectible-avatars-coming-to-reddit-via-new-storefront?x-craft-preview=ztKUtu6OlE&amp;token=FfF0rcfxuuWx3ybxM3KJuuLLrcrY-CeL" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">said</a>&nbsp;in an announcement.&nbsp;</p> 
<p>Users can manage and store the digital collectibles on their Vault, Reddit’s blockchain wallet. Unlike other companies foraying into NFT, Reddit did not require users to purchase NFTs with digital assets. Instead, it allowed users to pay using credit or debit cards. Furthermore, the NFTs came at a fixed listing price pegged at $9.99, $24.99, $49.99, $74.99, and $99.99.</p> 
<p>Notably, the&nbsp;<a href="https://tokenist.com/reddit-moons-moon-to-be-listed-on-secondary-market-for-trading-as-usdt-pair/" rel="dofollow" class="deco-link">Reddit digital collectibles</a>&nbsp;are created by independent artists, with the total number of NFTs going for sale reaching millions. The avatars were initially available to members of the r/CollectibleAvatars invite-only subreddit.</p> 
<p>The trading volume of Reddit’s NFTs has also seen a spike, with the collection hitting record trading volume in late October last year. As&nbsp;<a href="https://tokenist.com/reddit-nfts-surpass-8-6m-in-volume-massive-uptick-for-polygon-based-nfts/" rel="dofollow" class="deco-link">reported</a>, the cumulative trade volume of all Reddit NFT collections surpassed the $8.6 million mark.</p> 
<p>Meanwhile, there are more than 7.3 million Reddit avatar holders and more than 10.6 million unique NFTs, according to a Dune Analytics&nbsp;<a href="https://dune.com/polygon_analytics/reddit-collectible-avatars" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">dashboard</a>. Furthermore, the collection is estimated to have a market cap of $74.5 million.&nbsp;</p> 
<p>The collection has registered around $14 million in secondary sales across around 120,000 trades, the Dune dashboard shows. However, it has seen a steep drop in buyers and sellers over the past couple of months, with only 13 sales registered over the past 24 hours.&nbsp;</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=hpcwd"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><strong><em>Do you think upcoming Reddit NFTs could revive excitement around earlier ones? Let us know in the comments below.&nbsp;</em></strong></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/reddits-third-generation-nft-avatars-to-drop-next-week/">Reddit’s Third-Generation NFT Avatars to Drop Next Week</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Reddit’s Third-Generation NFT Avatars to Drop Next Week

Tabla de contenidos

Tokenist

Otros artículos publicados el 6 abr 2023

Foreign investment drops by 33% in Nigeria despite booming crypto adoption

Bitcoin White Paper is Apparently Hiding in Apple’s Modern MacOS

Singapore to help banks develop universal guidance on crypto

Arbitrum Restricts 700M ARB Tokens Movement Without DAO Approval

Increasing momentum for a privacy-first world

Afrobubble’s Venn Oputa puts Africa on the blockchain by immortalising the legendary Queen Amina

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!