Reddit Minted 5 Million NFTs Through The Avatar Initiative
Reddit's collectible avatars initiative, which was launched in partnership with Polygon, has been a success. To date, over 5 million NFT collectibles have been minted, which has been a bright spot in an otherwise difficult times.
After the initial announcement in July, the avatars quickly gained popularity. A few months later, Reddit Chief Product Pali Bhat revealed that over 3 million Polygon wallets had been created by users. Reddit uses Vault Wallet to store and manage the NFTs directly from the Reddit app, with the majority being created to purchase avatars.Reddit surpassed OpenSea, one of the largest NFT marketplace, in total users who own NFTs.
Source
@Metaverse_Defi_Nfts_Trading
