Reddit’s NFT sales surpass $32 million with 10 million owners since launching Web3
Reddit, the booming pro-blockchain social platform, has witnessed remarkable success with its Reddit collectibles. Introduced in July 2022, these non-fungible tokens have garnered immense adoration from their extensive user base. What makes these tokens particularly appealing is their outstanding uniqueness, affordable prices, and secure storage on Polygon (MATIC), one of the most robust blockchain platforms available.
Reddit’s booming NFT success
With Reddit collectibles, the possibilities are endless as this thriving platform continues to pave the way for an exciting and inclusive digital collecting experience.
According to the latest on-chain data, an astounding 9,909,465 Reddit accounts are actively engaged in the ownership of Non-fungible Tokens (NFT), revealing the immense popularity of this digital trend. Moreover, these captivating collectibles have already amassed a staggering market value of $38,466,577, demonstrating their significant impact on the digital marketplace.
The remarkable success achieved in the first year of NFTs can be primarily attributed to the emergence of iconic collections such as The Senses, poieeeyee and Foustlings. Remarkably, all three collections have surpassed the impressive milestone of $1 million in sales, which is meticulously tracked by renowned blockchain data analytics firm DuneAnalytics.
These numbers vividly illustrate the tremendous demand and fervor surrounding NFTs in the Reddit community, highlighting the transformative power of blockchain technology and its influence on the evolving landscape of digital ownership.
Easy steps to get a free Reddit Rabbids NFT
In addition to the aforementioned NFT collections, which have already generated a remarkable 303,033 sales, Reddit partnered with Ubisoft, a prominent video game publisher. To commemorate their one-year milestone in Web3, Reddit recently released the captivating Rabbids NFT collection. This collection showcases the beloved alien rabbit figures and their signature red stamps, delighting fans and collectors alike.
Polygon’s blockchain has become the new home for Ubisoft’s beloved Rabbids, the iconic characters from the early 2000s. To secure a free Reddit x Ubisoft Rabbids NFT, users can simply follow these steps:
- Log in to Reddit.
- Navigate to the “Style Avatar” option and click on it.
- A new dialog box will appear, presenting various options to explore.
- Find the captivating Rabbids NFTs by selecting the “Explore” section.
- Once you’ve found your desired Rabbids NFT, click “Get” to start the minting process.
- The embossing process will take place at Polygon (MATIC), which ensures the secure creation of your unique Rabbids NFT.
About Reddit & It’s NFT
Reddit is a widely used social networking platform where users can participate in discussions, vote on content and share various types of media. When someone joins Reddit, they can contribute posts by either upvoting or downvoting, which determines the popularity and visibility of a post in search rankings.
With more than 430 million active monthly users, Reddit serves as both a forum and a networking site. It offers a wide variety of content, including entertainment, news, updates, marketing and memes, covering a wide range of topics. Launched in 2005, the site has become arguably the most popular online discussion platform.
Within the realm of Reddit, there is a concept known as Reddit NFTs. These are digital avatars that can be obtained through the Reddit avatar marketplace. This marketplace enables Reddit users to purchase images built on blockchain technology, using various payment methods such as crypto wallets, credit cards, debit cards or Reddit’s own vault.
Reddit has collaborated with a number of independent artists to create more than 90 unique designs, which were introduced alongside the marketplace’s launch. Currently, there are tens of thousands of NFTs available for purchase on the market.
Reddit’s booming success with NFTs has revolutionized the digital collecting experience. With an extensive user base actively engaging in NFT ownership and impressive market capitalization, these tokens have made a significant impact on the digital marketplace. The emergence of iconic collections and collaborations, such as The Senses, poieeeyee, Foustlings and Reddit Rabbids NFTs with Ubisoft, further highlights the transformative power of blockchain technology. Reddit continues to pave the way for an exciting and inclusive NFT journey, offering unparalleled uniqueness, affordability and secure storage on Polygon (MATIC).
Ken Emmanuel is a blockchain content writer, a Web3 enthusiast and a social media management strategist, he enjoys writing educational content to help people become more knowledgeable and inspired. The growth of any organization he works with is always his priority. He is a geographer by profession and loves to read.