The NFT industry is witnessing a remarkable milestone as the Reddit NFT Community approaches an impressive milestone of 10 million holders! This noteworthy achievement highlights the growing acceptance and popularity of the collection since its inception in July 2022.
TL;DR
- Reddit Collectible Avatars have become one of the largest and most recognizable NFT collections globally, with a market cap of $44.1 million and 13.7 million avatars.
- The collection has reached an impressive milestone of 9.9 million holders. 7.7 million are single collective avatar holders.
- The success of Reddit Collectible Avatars highlights the influence of major social media platforms. Plus, the enduring appeal of the collection within the Reddit NFT community.
Reddit NFT Community Embraces Collectible Avatars with 9.9 Million Holders. Image: Reddit
Since its introduction, Reddit Collectible Avatars have experienced a steady rise in prominence. Significantly, they have emerged as one of the largest and most recognizable NFT collections worldwide. They have a substantial market cap of $44.1 million and a staggering collection size of 13.7 million avatars.
Furthermore, this collection has consistently garnered attention and now boasts an impressive 9.9 million holders. Markedly, this is its highest number to date. Out of these holders, approximately 7.7 million are single collective avatar holders. Meaning, users who possess a single avatar without utilizing multiple wallet addresses.
The Reddit collectible avatar marketplace, hosted on Polygon, showcases NFTs created by independent artists and content creators within the Reddit community. Although the initial growth of the Reddit NFT community reached a plateau of around three million in November, there has been notable progress in 2023. Significantly, with the number of wallets tripling in the past six months.
Ultimately, the remarkable success of this collection shows the influential role that a major social media platform can have in shaping the NFT landscape. Plus, this achievement signals the lasting impact and appeal of the collection within the Reddit NFT community.
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This article is educational material.
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Emily Neale
Emily is from the UK, currently living in Dubai. She’s fallen in love with web3 for its potential, innovation, and the opportunity it provides to connect with others around the world. Emily enjoys travel, reading, and good food.
