$117,923.00
-0.01%$2,960.67
-0.08%$2.79
0.11%$689.83
-0.64%$161.82
-1.07%$0.999902
-0.01%$0.198875
-1.67%$0.300071
-1.63%$2,958.31
-0.16%$0.739492
2.86%$47.77
2.56%$117,718.00
-0.19%$0.432169
13.76%$3,573.77
0.01%$3.42
-0.07%$15.25
-0.30%$505.79
-2.25%$0.226128
14.19%$21.09
1.17%$9.07
-0.13%$3,172.20
-0.16%$0.00001321
-1.16%$3.00
0.32%$2,961.11
-0.16%$0.999834
0.01%$94.23
1.05%$46.17
-1.04%$1.00
-0.04%$337.20
1.04%$3.97
-0.80%$117,935.00
-0.07%$1.00
-0.07%$0.00001232
-1.29%$4.40
-0.82%$8.48
-1.09%$303.81
0.91%$390.37
-0.53%$0.46956
-0.46%$4.92
0.70%$0.102239
-1.74%$1.18
0.01%$2.51
-0.91%$48.89
0.56%$5.39
0.31%$196.50
-1.17%$1.00
0.00%$0.887011
-0.77%$18.27
-0.86%$0.085437
-0.50%$1.059
-0.00%$0.660936
4.45%$0.999973
-0.07%$4.65
-1.41%$0.328385
-1.40%$0.02423356
-0.90%$0.230688
-1.46%$0.410403
1.70%$0.234871
5.94%$4.49
0.84%$9.65
-1.62%$15.97
-1.31%$0.0000245
11.40%$3.65
-0.44%$0.711685
0.61%$0.326497
-1.03%$1.04
-0.14%$2,961.74
-0.08%$2.56
-1.17%$117,604.00
-0.23%$114.19
-1.77%$0.077916
-1.72%$4.72
-0.40%$172.28
-0.69%$0.999852
-0.01%$0.484098
-1.00%$0.998826
0.03%$11.38
-0.90%$0.02302723
-1.62%$3,103.47
-0.14%$3,375.21
-0.13%$1.50
-5.32%$1.001
0.05%$1.88
-1.47%$4.35
-0.49%$1.28
-0.36%$1.23
-2.55%$12.50
-0.79%$0.072156
1.66%$0.761463
0.90%$0.01672448
-2.11%$0.652794
-0.37%$0.353977
-2.05%$3,170.21
0.23%$1.70
-1.93%$3,111.17
-0.15%$117,765.00
0.05%$1.00
-0.03%$1.00
0.02%$3,119.72
-0.10%$0.526432
3.82%$0.968379
-0.86%$0.097993
0.26%$117,655.00
0.06%$1.11
0.02%$3,351.79
0.23%$0.00009648
-0.02%$689.80
-0.68%$11.48
-6.17%$0.156421
-2.51%$0.581677
-19.91%$118,010.00
0.49%$3,198.05
-0.23%$0.999512
-0.02%$0.628675
-0.45%$181.65
-1.13%$0.532392
-2.07%$3,352.18
0.13%$2.37
-5.97%$211.28
-1.14%$0.800768
-0.83%$0.20156
4.24%$0.01695865
-1.60%$0.817971
-1.93%$0.01506538
2.20%$10.74
0.00%$2.70
-0.71%$21.77
-0.60%$0.293406
0.69%$111.77
0.00%$0.120216
1.94%$42.58
-0.07%$0.998151
0.02%$0.00000068
0.31%$0.00000171
4.14%$0.254595
1.93%$1.92
-1.56%$0.631361
0.08%$0.77433
-1.33%$47.78
2.44%$3,168.51
0.15%$3.91
-0.91%$2,959.92
-0.12%$1.091
-0.29%$117,684.00
0.04%$116,349.00
-0.47%$2,962.48
-0.06%$3,061.36
-0.79%$0.383043
-0.91%$0.312491
-0.04%$0.999454
0.00%$0.00881504
-2.17%$0.997721
-0.01%$0.01658856
-3.97%$3.07
2.75%$117,883.00
-0.01%$0.400255
-0.81%$47.77
2.45%$0.540232
-3.57%$1.70
-0.14%$0.054631
-3.79%$1.50
-0.63%$0.488856
-4.15%$0.656411
-1.63%$26.33
0.43%$0.10147
1.88%$0.999483
-0.04%$0.512495
-6.91%$0.19886
-1.64%$1.00
-0.02%$2,961.11
-0.16%$0.138321
-2.30%$0.997854
-0.14%$0.33891
21.58%$0.223486
0.21%$3,149.75
-0.13%$0.426209
-1.14%$0.0078387
-1.13%$0.063887
2.76%$0.604628
-1.17%$0.999902
-0.00%$0.00446237
-2.60%$0.00000045
-0.86%$6.28
-1.18%$15.57
1.03%$46.92
-0.06%$7.60
-0.11%$1.15
0.46%$0.361491
1.18%$3,267.74
-0.03%$6.45
1.88%$0.00002104
-0.84%$1.33
-1.03%$0.165831
-0.69%$2.49
-0.33%$0.00450857
1.65%$1.094
-0.01%$117,635.00
-0.07%$0.998012
-0.18%$0.151812
-0.30%$0.054779
-2.45%$3,240.16
-0.03%$1.001
0.06%$0.04025097
-0.83%$0.530107
-2.24%$2,956.78
-0.22%$1.54
-3.46%$1.00
0.07%$1.34
6.06%$2,960.71
-0.16%$0.078225
0.49%$0.03640394
-1.58%$0.01870588
0.75%$2,954.12
-0.19%$0.00677611
-0.99%$117,724.00
-0.02%$0.354191
-0.54%$0.359274
-1.41%$0.999789
-0.03%$21.13
0.78%$176.68
-1.07%$0.760223
3.26%$0.00006263
-1.01%$0.519105
-1.08%$0.838143
-1.24%$127.82
0.13%$11.39
0.66%$0.230518
-1.37%$3,577.18
-0.07%$25.63
1.07%$1.11
-3.02%$0.999292
-0.02%$0.752256
-0.78%$0.00372162
-2.18%$1.00
-0.12%$0.999303
-0.02%$21.07
1.01%$0.675313
-0.73%$0.02899829
-1.66%$0.089108
16.69%$0.999798
-0.17%$117,760.00
-0.19%$2,367.89
-0.00%$1.02
-0.02%$0.00419758
-0.45%$0.474613
1.88%$3,092.23
-0.24%$16.77
-2.76%$0.282039
-9.13%Reading
Reddit’s push into tokenized avatars has been a rare bright spot amid declining NFT sales and a wider crypto market in turmoil, and now the Polygon-based initiative has marked a new milestone with more than 5 million of the collectibles minted to date.
The Reddit Collectible Avatars NFT initiative crossed the 5 million mark over the past 24 hours, according to blockchain data curated on a Dune dashboard. They’re not highly concentrated among high-value NFT collectors (or whales), either, as the project has more than 4.25 million total unique wallets. About 3.95 million of those wallets hold a single Reddit NFT.
Reddit, the popular online discussion platform, announced plans to launch NFT avatars in July, tapping Ethereum sidechainsidechain network Polygon to offer up both free and premium avatars. The vast majority of the minted NFTs to date have been free avatars offered to heavy users of the site, which spans millions of separate communities (or subreddits).
Online message board community Reddit has proven to be a significant force for NFT adoption, as an executive revealed last week that users created over 3 million Polygon wallets for them—with nearly three million of the NFT avatars in circulation. Now sales are surging as collectors see Reddit’s NFTs as a major trading opportunity. Secondary market sales of Reddit’s Collectible Avatars NFTs—which are minted on Polygon, an Ethereum scaling network—have topped $1.88 million so far today, a 799% in...
In October, Reddit Chief Product Officer Pali Bhat announced that more than three million Polygon wallets had been created by users to collect its NFTs. The announcement spurred a surge in prices and trading for the premium avatars in the collection, yielding millions of dollars worth of secondary market sales in a matter of days.
The speculative bubble around Reddit’s premium NFTs was short-lived, with only about $700,000 worth of sales taking place over the past month. All told, the Reddit NFTs have yielded about $11.85 million worth of secondary trades to date—well below top traded projects like the Bored Ape Yacht Club, which notched $61.6 million over the last 30 days alone.
Reddit’s NFT program, however, remains a notable example of how Web2 platforms can spur potentially massive adoption of Web3 technology through giveaways.
Tezos co-founder Kathleen Breitman has been in crypto since the beginning and has seen a lot of cycles and failures. She joined Stacy Elliott and Dan Roberts and brought the fire on FTX and Sam Bankman-Fried’s mismanagement, “decentralization theater,” Tezos’s reputation and positioning, crypto sports marketing, and NFTs. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
In fact, the amount of NFTs being minted through the initiative has only accelerated recently. On December 3, more than 250,000 of the Polygon NFTs were minted, setting a new daily record and beating a previous single-day peak from August.
Amid a brutal crypto downturn that has only gotten worse with FTX’s collapse, one blockchain platform has repeatedly shown that it can still onboard massive brands with a collective reach of billions into the Web3 world: Polygon, the Ethereum scaling network. Recent highlights include Meta tapping Polygon to let Instagram users mint NFTs, Starbucks building an NFT-driven loyalty rewards program, Reddit minting unique NFT avatars, Nike revealing plans to mint digital apparel NFTs, and an NFT coll...
Reddit is one of several major brands building on Polygon, joining the likes of Meta with its Instagram NFT minting initiative, Starbucks with its just-launched Web3 rewards program, and Nike with its upcoming digital apparel platform.
Crypto gaming has seen a troubling trend of projects shutting down or being abandoned after years of hype, token sales, and chaos. Experts say it isn’t much of a surprise considering how challenging game development is, and pointed to gaming tokens as a flawed system that applies too much pressure to projects in their infancy. It's easy to say that we all saw it coming, but in reality, a lot of the recently discontinued titles were once-promising blockchain experiences. Deadrop, for example, wa...
Prominent NFT marketplace OpenSea announced Tuesday that it acquired mobile token trading and portfolio management app Rally (formerly Floor) in an effort to build “the on-chain everything app.” As part of the acquisition, Rally co-founders Chris Maddern and Christine Hall—the latter the former COO at Robinhood Crypto—will join OpenSea’s executive team, with Maddern taking the role of chief technology officer and Hall becoming OpenSea’s chief of staff. Details of the deal were not disclosed. Ope...
The Tony Blair Institute helped form a plan that proposed selling land in Gaza via blockchain tokens, the Financial Times reported Monday, after paying Palestinians to leave their land. The tokenization project would have also seen the region rebuilt with Dubai-style artificial islands and “blockchain-trade initiatives,” complete with Elon Musk and Donald Trump-themed areas. The report was met with major uproar from Palestinian activists—one of whom described the proposed plan to Decrypt as “not...
