NFTs linked to 'luxury' property, and more as Reddit NFTs reach new heights
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Three of Reddit's tokenized avatar collections made it into the top 10 projects on OpenSea this week, demonstrating the success of the Polygon-based nonfungible token (NFT) initiative.
Compared to Yuga Lab's Bored Ape Yacht Club (BAYC), which has the highest 24-hour sales volume at 684 ETH, Spooky Season by Reddit user poieeeyee comes in second with 274 Ether, or $401,000 at the time of writing, in sales.
The Senses by user Rojom and Imagination Station by user Chipperdoodle, with 121 ETH ($177,400) and 120 ETH ($175,900) in sales during the last 24 hours, respectively, claim the ninth and tenth rankings.
Zooming out to the seven-day sales volume chart, Spooky Season, which has sold 880 ETH ($1.2 million) worth of tokens and is currently ranked sixth, is the only Reddit project to make it into the top 10.
Suppose you need to become more familiar with Reddit's NFT initiative. In that case, it offers a Collectible Avatars Creator Program that allows users to make and sell collections of profile picture (PFP) NFTs based on the Reddit mascot emblem Snoo.