Wednesday, September 27, 2023
    HomeAltcoinReddit NFT Sale Crosses $40M; Polygon Founder Reveals What's Next

    Reddit NFT Sale Crosses $40M; Polygon Founder Reveals What’s Next


    A big milestone has been achieved on the intersection of Reddit’s on-line group and the world of cryptocurrency, as non-fungible tokens (NFTs) on the Polygon blockchain showcase exceptional development.

    Reddit NFT Sale Surpasses $40M

    Actual-time information gathered by Dune Analytics reveals that the cumulative gross sales of Reddit NFTs have elevated, reaching a document excessive of $40,554,135. Equally, the quantity of Collectible Avatars has surpassed a exceptional 20.3 million, as recorded throughout the previous 24 hours.

    Furthermore, the variety of holders of those distinctive NFTs has risen to over 16 million. Consequently, the market capitalization of the Collectible Avatars is now about to hit $100 million. 

    Notably, the Dune Analytics dashboard spotlighted extra intriguing insights into the Reddit NFT panorama. Based on the report, the Gen 4 collections have amassed an combination major gross sales quantity of $856,190, with a strong holder rely of 12,854. 

    Curiously, the Gen 4 NFTs have witnessed over 200 gross sales throughout the previous 24 hours, collectively valued at greater than $6,200. In the meantime, the Gen 3 collections’ cumulative gross sales have surpassed $3 million, with a considerable holder rely of 41,684.

    Polygon Founder on What’s Subsequent

    These compelling statistics haven’t escaped the eye of Sandeep Nailwal, the founding father of the Polygon blockchain. Nailwal just lately utilized the X platform (previously often known as Twitter) to attract consideration to the burgeoning ecosystem. 

    Within the tweet, he acknowledged that whereas the expansion round Polygon could also be gradual, it’s undeniably indicative of progress. Nailwal stated: 

    “Polygon ecosystem’s mainstream merchandise are silently reaching ‘magic inflection factors of development, be it Reddit Avatars, DraftKings NFTs, or Nike dotSWOOSH. Many others lined up too. Quickly AAA gaming too. Slowly however absolutely, fam!”

    Of specific notice, “AAA gaming” alludes to high-budget gaming titles. Nailwal implied that the Polygon blockchain is poised for substantial growth to see the event and launch of noteworthy AAA gaming initiatives.

    Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency area for two years now. Beforehand he co-founded Govt. of India supported startup InThinks and is at present Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has revealed greater than 100 articles on cryptocurrency and blockchain and has assisted various ICO’s of their success. He has co-designed blockchain improvement industrial coaching and has hosted many interviews in previous. Comply with him on Twitter at @sharmasunil8114 and attain out to him at sunil (at)

    The introduced content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.

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