When the first meme was changing millions, there was a huge interest. Web3, metaverse, art, gaming: NFT has been celebrated as a key technology in digitization – a few months and an endless descent into the cryptocurrency market later, there is currently no evidence for it. With the exception of Reddit, where many records point to a new buzz for NFT on social media platforms.
The NFT boom on Reddit
Since Reddit merged NFTs in July, demand has increased steadily. like data from Dune analytics show, 2.9 million avatars, which can be viewed as a profile picture on the platform, have now been mined as NFTs on the Polygon blockchain. The number of token holders has increased to 2.8 million.
In just the last 24 hours, the trading volume has reached $2.5 million – almost half of the total trading volume measured since July: $6 million. Of the more than 22,000 avatars sold, 5,300 NFTs were sold in a single day: roughly one in four.
Avatar NFTs from the “The Senses” and “Spooky Season” collections are particularly popular. annoying Reddit the word The underlying price of the Senses series avatar has risen by more than 380 percent in the past seven days. on me open c The cheapest NFT is currently trading for 13 ether – around $17,500 USD. The most expensive trade at $40,000.
against the market trend
Thus, Reddit is challenging the current challenging environment of non-fungible tokens. sales in the third quarter decreased by 73 percentPrices fell, and trading volumes on platforms such as OpenSea dropped dramatically.
Especially on social media platforms like Instagram and Twitter And Reddit seems to be inspiring the following buzz. Which – measured by the number of platform users – can spread many times over compared to the first receding wave.
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