Reddit NFTs Hit $32 mn In Sales
Reddit NFTs have seen staggering success since their launch, with the platform registering 10 million NFT holders and hitting $32 million in sales.
The most expensive Reddit avatar was sold for a whopping $50,000.
The Reddit NFT collection was introduced in July 2022 and has since achieved tremendous traction and popularity among the platform’s users. According to public on-chain data, a whopping 99 lakhs Reddit accounts own NFTs, with the collectibles worth more than $38 million. The majority of its success may be ascribed to its trademark collections, such as Foustlings, The Senses, and poieeeyee, which have each sold over $1 million.
7.7 million of the nearly 9 million Reddit NFT holders are single collective avatar holders. This means that these people only have one avatar and no multiple wallet addresses. The Reddit avatar store on Polygon also includes NFTs designed and created by Reddit community artists.
(With inputs from Shikha Singh)
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