Trading volume for Reddit’s Collectible Avatars is up x8 as traders celebrate the project’s widespread adoption.
Online community platform Reddit has proven to be a significant force for NFT adoption with nearly three million of the NFT avatars in circulation. Reddit Avatars are “Blockchain-backed Collectible Avatars” which are minted on Polygon,
To open a Reddit Avatars’ vault, users just had to generate a 12-word seed phrase and a password. As simple as it can be. When used as a profile picture, Reddit Avatars display the collection’s size and the piece’s mint number, proving authenticity.
What is polygon?
Polygon is a multi-chain infrastructure that aims to support a network of scalable blockchains. In this way, developers can build decentralized applications (DApps) that are immediately ready for large-scale use.an
According to public blockchain data aggregated by Dune user polygon_analytics. Sales volume has climbed.
What is an NFT?
An Non-Fungible tokens (NFT) is a token that is unique and cannot be replaced with something else. This might sound abstract, but NFTs are the perfect fit for digital collectibles, art, luxury goods, and all sorts of other physical and digital products that can be verified on the blockchain.
This spike in NFT growth could have a positive impact on the price and use-case of Polygon. Learn more about Polygon or trade it here.
