Third-generation blockchain-based digital collectibles known as “Reddit avatars” on Polygon!
Reddit Gen 3 NFT Avatars on Polygon
Digital collectibles of Reddit, an online social discussion platform dubbed “Reddit avatars”, have been deployed on the Polygon network. Following this development, Reddit community members and collectors are waiting for the drop.
These NFT avatars were introduced in the summer of 2022 as an incentive for artists to create and sell their own work. When users purchase a piece of the collection, they can also use it as an avatar on the Reddit website.
Drop Discussions
In the past few days, Reddit launched the contract for Gen 3 avatars on the Polygon blockchain. While many users say that the drop after this development has the potential to be sold within minutes, others argue that it will not sell as fast as expected.
Reddit’s NFTs have witnessed a surge in trading volume. On Oct. 24, 2022, the collection reached a new all-time high in trade volume as wallet holders closed in on $3 million. At the time, the volume reached $1.5 million in 24 hours, almost one-third of the overall volume of $4.1 million. On Oct. 26, the collection also made its way to the top 10 collections on OpenSea for the most sales in the week.
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