The NFT series created by the social media platform Reddit is about to reach 10 million wallets after about 11 months.
The bear market continues on the crypto money market and the categories that develop with it. Although there are some recovery on the metaverse, NFT and GameFi sides, the rise scenarios have not been fully realized. Despite all this, Reddit is about to reach 10 million people in its NFT series. According to Dune Analytics, 9,909,465 wallets currently hold Reddit NFTs.
Reddit NFTs Appeal to Millions
In the sluggish NFT market, the Reddit collection continues to gain popularity. Dune Analytics stated that the Reddit NFT series has reached close to 10 million users. In addition, the research platform stated that 7.7 million of the wallets holding Reddit NFT are single wallets.
Reddit NFTs, which were released in July of last year, were made available to users on the Polygon network. Presented as Avatar series, NFTs were created by independent artists and Reddit creators. The collection, which has attracted great interest since its launch, has exploded since the beginning of 2023. Since 2023, Reddit NFT owners have increased by 80 percent.
In addition, Dune Analytics reported that the NFT collection reached a total volume of close to 32.6 million dollars. Total Reddit avatar NFT sales are at 303,033. In the collection, which was in high demand, 247 sales were made in the last 24 hours.
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