A popular social news aggregation website, Reddit, said it recently surpassed the 10 million milestone of Reddit’s Avatar NFTs with the launch of Ubisoft’s Rabbids NFTs.
Since its launch in July 2022, Reddit Collectable Avatars cemented its place in the NFT space as it garnered more than 10 million holders and a total market cap of $38.4 million, showcasing the popularity of the NFT and constant growth in the market.
After enjoying the success of Reddit’s Collectible Avatars NFT, Rabbids NFT is now up to be acquired on the OpenSea platform. At the same time, the highest registered sale was registered for Unicorn Rabbid #9 for $669 or 0.35 ETH.
Social Media NFTs’ Influence
Reddit Collectible Avatars showcases how social media have their part in establishing digital tokens. The NFTs combined with social media, unleash the true potential and offers measurable growth.
Sandeep Nailwal, co-founder of Polygon, in an AMA session, talked about the success of Reddit’s NFT where affirming that Reddit is the only social media hub that has “cracked the code” for NFT uptake, which, in turn, has drawn even more attention to the collectible avatars.
Reddit NFTs’ 10 million milestones signify how popular the digital token industry especially when the social media website is garnering popularity on secondary platforms and marketplaces. Boosting the innovation of blockchain technologies.
Additionally, you can check out ETH NFT drops for trending and the latest drops on the Ethereum blockchain.