A recent report highlights booming sales and popularity of Reddit’s NFTs on the Polygon blockchain.
Thriving Reddit NFTs
Data from Dune Analytics reveals a remarkable Reddit NFT market. Sales of these tokens have surged past $40,554,135, with an astonishing 20.3 million transactions in just 24 hours.
Growing Community and Capital
The Reddit NFT holder community has surpassed 16 million, and the total market value of these Collectible Avatars is set to breach $100 million.
Insights into Reddit NFT Landscape
Digging into Dune Analytics data, Gen 4 Reddit NFTs have made waves. With $856,190 in sales and 12,854 holders, they redefine digital ownership. Over 200 transactions in 24 hours added up to an impressive $6,200. Gen 3 collections achieved over $3 million in cumulative sales with 41,684 holders.
Polygon Founder’s Vision
Polygon’s founder, Sandeep Nailwal, recognized Reddit NFTs’ success. He sees Polygon’s growth as gradual but significant. He points to mainstream products like Reddit Avatars, DraftKings NFTs, and Nike dotSWOOSH. The mention of “AAA gaming” hints at Polygon hosting major AAA gaming ventures.
The merging of Reddit’s vibrant online community with NFTs on Polygon is driving exceptional growth, with potential revolutionary AAA gaming experiences on the horizon.
Important:Ā Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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