Reddit NFT Avatars rising in the down market – Katoch Tubes

Reddit NFT Avatars  A success story

About Reddit

Reddit is American based discussion website. Much like  a forum for social news aggregation and related topics. It was founded in 2005

Reddit NFT Avatars

In July, Reddit released plan for blockchain based Avatars on Polygon chain which can be used as profile pic and has other features.

Skyrocketing Demand

Within 3 months of inception. The demand has skyrocketed & reached $5 million in the secondary market.

Whales Ownership

Acc. to Dune Analytics, 3.82% of  the Reddit Collectible Avatars are owned by whales.

Overall NFT market

Meanwhile, the NFT market  is crushed in the bear cycle. OpenSea recorded massive decline in daily transaction.

About Reddit Avatars

Swipe Up to read more about the NFT Avatars by Reddit

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