The popularity of NFT avatars from Reddit increased by 799% per day

Reddit NFTs are gaining popularity not only among the social network community but also among collectors of other platforms. One of the Reddit users published Polygon Analytics data, according to which the community has already created more than 3 million wallets on the Polygon blockchain. By the way, the sale of Reddit collectible avatars on the secondary market on Monday, October 24, exceeded $ 1.88 million, which is 799% more than on Sunday. The most expensive avatar was Spooky Season for 18 ETH ($ 24,150).

According to the Reddit Floor, about 86,000 NFTs have been sold to users, bringing their total market capitalization to about $ 100 million. Some of the avatars had a premium status and were purchased on the site at a fixed price of $ 10 to $ 100 per unit. However, the Reddit team distributed many other irreplaceable tokens for free «to introduce the most loyal users to NFTs.»

Earlier, we reported that the Reddit platform has overtaken the OpenSea marketplace in terms of the number of NFT wallets. According to OpenSea supporters, most NFT wallets on Reddit are created only to access NFT assets. The platform launched this functionality in early July, allowing users to buy images for their profiles using fiat funds. After purchasing an NFT avatar, each user receives ownership of his or her non-fungible token and can use it on other platforms.