Minting of Reddit Avatar Tokens Climbed to Record High Over Weekend
Minting of Reddit, Inc. Avatar Tokens Climbed to Record High Over Weekend
The Polygon blockchain-based collection has 3.4 million holders, all of them Reddit users.
Collectible Avatars, a set of art tokens based on the Polygon Labs blockchain by social network Reddit, set a minting record of more than 255,000 unique avatars on Saturday, data queried by Dune Analytics shows.
The figures eclipsed the previous high of 200,000 in August, nearly a month after the collectibles went live. More than 98,000 avatars from “The Singularity” collection were produced, the most on that day, followed by 58,000 avatars from “Aww Friends." The rapid minting followed a spike of interest in the collection last Thursday that gradually tapered off over the following days.
Avatars from the “poieeeyee” and “The Senses” collections have seen the most transactional activity with over $3.2 million in total sales value.
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1yDieynaba Marico
Content Specialist & Copywriter - Helping Entrepreneurs & Founders Grow Organically - Content Consultant
2yIt won't last long as the new trend will emerge on opensea because the secondary market will break the prices.