Reddit's NFT Avatar Frenzy Draws 10M Crypto Enthusiasts

IndustryTrends

Reddit's collectible avatars, known as "Reddit NFTs," are close to reaching 10 million holders.

The collectible avatar marketplace was launched on the Polygon network in July 2022.

After initially plateauing at around 3 million holders, there has been a significant growth spurt in 2023, with the number of holders tripling in the past six months.

The market capitalization of Reddit Collectible Avatars is $38.4 million, with a total of 13.7 million NFT avatars in the collection.

There have been 303,033 total sales, amounting to a cumulative sales volume of $32.6 million.

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