Reddit NFT Sales Exceed $40 Million as Polygon Blockchain Thrives - COINTURK NEWS
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Reddit NFT Sales Exceed $40 Million as Polygon Blockchain Thrives

10:05 am (49 days ago)
August 15, 2023

Reddit’s online community has reached an important milestone at the intersection of the crypto world, and Polygon blockchain’s NFTs have shown significant growth. This development seems to have stirred up the market.

Reddit NFT Sales Exceed $40 Million

Real-time data collected by Dune Analytics reveals that cumulative sales of Reddit NFTs have increased and reached a record level of $40,554,135. Similarly, the volume of Collectible NFTs has surpassed 20.3 million in the past 24 hours. Moreover, the number of owners of these distinctive NFTs has exceeded 16 million. As a result, the market value of Collectible NFTs is currently approaching $100 million.

According to Dune Analytics, more interesting information about the Reddit NFT environment has emerged. According to the report, Generation 4 collections reached a primary sales volume of $856,190 and a strong ownership of 12,854 individuals.

Interestingly, Generation 4 NFTs witnessed over 200 sales in the past 24 hours, with a total value of over $6,200. Meanwhile, cumulative sales of Generation 3 collections exceeded $3 million, with a total of 41,684 owners.

What’s Next According to Polygon Founder?

These compelling statistics have not escaped the attention of Sandeep Nailwal, the founder of the Polygon blockchain. Nailwal recently used the X platform (formerly known as Twitter) to draw attention to the growing ecosystem. In his tweet, Nailwal acknowledged that the growth around Polygon may be gradual but undeniably indicative of progress. Nailwal said:

Polygon ecosystem’s mainstream products, such as Reddit Avatars, DraftKings NFTs, or Nike dotSWOOSH, are quietly reaching ‘magical turning points’ of growth. Others are in line. AAA gaming industry soon too. Slowly but surely, fam!

It is worth noting that “AAA games” imply high-budget game titles. Nailwal hinted that the Polygon blockchain is ready for significant expansion to see the development and launch of notable AAA game projects.

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