Reddit Avatar NFTs are witnessing volatile price tags
The top collectible recently sold for 6 ETH on OpenSea. According to a new analysis posted by Reddit user u/Warfared, Reddit Avatar nonfungible tokens, or NFTs, have seen erratic price performance in the past months. The analysis tracked the exchange of NFTs on popular NFT trading platform OpenSea.io. Among the top performers were the Fishy Foustling #1 and Mio Armor #1 NFT pieces, boasting a last sale price of 6 Ether (ETH) and 5 ETH, respectively. The NFTs were airdropped to qualified users three months prior who had high amounts of karma points on the namesake social platform. Taken....
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Meanwhile, the minting volume of nonfungible tokens have been declining steadily. According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs also witnessed a new all-time high of 3,780 digital collectibles changing hands.Reddit avatars are created by independent artists and are minted as NFTs on the Polygon....
Reddit is jumping in on NFTs. The social media platform has unveiled ‘CryptoSnoos’, 1-of-1 NFTs for the platform built on ethereum. Reddit has previously partnered with the Ethereum Foundation to bring the cryptocurrency subreddit their own native crypto, ‘Moons’. CryptoSnoos: A New Type Of Avatar Reddit has already minted and put up for auction three […]
Reddit’s launch of limited edition NFT avatars has led to a large premium on secondary sales on OpenSea. Sales of recently launched Reddit blockchain-based avatars are rising on nonfungible token (NFT) marketplace OpenSea, outperforming the platform’s proprietary store.Reddit, the “front page” of the internet, plugged into the burgeoning world of NFTs with the announcement of collectible avatars in July 2022. The avatars became available to users in August and are already generating thousands of dollars in sales for artists.Reddit users are able to purchase a variety of avatars for their....
On July 29, the pop-culture consumer products firm, Funko, announced that the company has partnered with the multinational mass media and entertainment corporation Paramount Global. The two corporations plan to introduce a series of non-fungible tokens (NFTs) based on the Avatar Legends universe. The latest Avatar Legends Digital Pop release from Funko will drop on August 9, 2022, via the NFT platform Droppp. Avatar Legends NFTs — Publicly-Listed Consumer Products Firm Funko Collaborates With Paramount Funko (Nasdaq: FNKO) has announced the company has partnered with the....
The company said that the project is set to utilize the Polygon (MATIC) blockchain for decentralized trading and third-party sales. Content aggregation, ranking, and discussion website Reddit announced a new blockchain-backed avatar system on Thursday. Though no official date was revealed, the company suggested that the avatars will be available to the general public in the next few weeks. For now, Reddit is providing first-look early access to a limited number of people who join the r/CollectibleAvatars community.Collectible Avatars are a set of limited-edition artwork created by....