{"id":14765,"date":"2022-10-27T20:41:50","date_gmt":"2022-10-27T20:41:50","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/"},"modified":"2022-10-27T20:42:13","modified_gmt":"2022-10-27T20:42:13","slug":"reddits-avatar-nfts-generated-over-2-5-million-in-one-day","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/","title":{"rendered":"Reddit&#8217;s Avatar NFTs Generated Over $2.5 Million in One Day"},"content":{"rendered":"<div>\n<h2>The Alpha:<\/h2>\n<ul>\n<li>Reddit\u2019s Collectible Avatars generated $2.54 million in sales from October 23 to the 24, according to public blockchain data compiled by Dune user polygon_analytics.<\/li>\n<\/ul>\n<ul>\n<li>This represents an increase of more than 1,000 percent in sales volume from the previous day and brings the total for Collectible Avatars to a more than $8.1-million spread, across nearly 28,000 individual sales.<\/li>\n<\/ul>\n<ul>\n<li>At the time of writing, Reddit\u2019s NFTs have closed more than one-half million dollars in sales in the last 24 hours.\u00a0<\/li>\n<\/ul>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\">\n<h2>Why it matters<\/h2>\n<p>Reddit\u2019s CryptoSnoos NFTs are limited-edition collectibles based on the social platform\u2019s mascot, Snoo. Designed by independent artists and Reddit creators, the avatars give users platform benefits (like unique profile animations), and allow Redditors to use their avatars however they want off the platform.<\/p>\n<p>Love it or hate it, with these Collectible Avatars, Reddit has given the NFT ecosystem its biggest mass Web3 onboarding event to date. And it did this in part by avoiding use of the term \u201cNFT\u201d when promoting its \u201cdigital collectibles.\u201d The feat is difficult to overstate, especially because it originated from a Web2 social platform whose dislike of NFTs in its own community was well-known.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><figcaption>via OpenSea<\/figcaption><\/figure>\n<\/div>\n<p>One of the highest-selling NFTs in the most popular Collectible Avatar collections on OpenSea has even sold for 18 ETH (or just over $28,000). That digital collectible came from Spooky Season: poieeeyee, which remains on OpenSea\u2019s top 10 list for the seven-day trading volume. That collection also knocked CryptoPunks out of the top spot on the 24-hour version of that list, and it\u2019s the only Collectible Avatar collection that is still listed on any iteration of OpenSea\u2019s top 10 pages.<\/p>\n<h2>What\u2019s next<\/h2>\n<p>It\u2019s unlikely that this is Reddit\u2019s last stab at the world of Web3, <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/liamherbst_\/status\/1585098624324681728\" target=\"_blank\">with some claiming<\/a> that the company is going all-in on building a metaverse. The company has previously partnered with Riot Games, and is rumored to be in talks with The Sandbox, although this claim is unsubstantiated.<\/p>\n<p>Regardless, Reddit is firmly in the Web3 space now, and it pulled off a miracle in turning its NFT-averse community into an avid collector base in the process. If the platform can keep its expert-level strategy going and make whatever metaverse initiatives it does have in the mix easily accessible and scalable, there\u2019s no telling what it might accomplish. In the meantime, we\u2019ll be keeping an eye out \u2014 and we suggest you do the same.<\/p>\n<h3 id=\"h-but-wait-there-s-more\">But wait! There\u2019s more:\u00a0<\/h3>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Alpha: Reddit\u2019s Collectible Avatars generated $2.54 million in sales from October 23 to the 24, according to public blockchain data compiled by Dune user polygon_analytics. This represents an increase of more than 1,000 percent in sales volume from the previous day and brings the total for Collectible Avatars to a more than $8.1-million spread, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-14765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reddit&#039;s Avatar NFTs Generated Over $2.5 Million in One Day | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reddit&#039;s Avatar NFTs Generated Over $2.5 Million in One Day | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"The Alpha: Reddit\u2019s Collectible Avatars generated $2.54 million in sales from October 23 to the 24, according to public blockchain data compiled by Dune user polygon_analytics. This represents an increase of more than 1,000 percent in sales volume from the previous day and brings the total for Collectible Avatars to a more than $8.1-million spread, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T20:41:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T20:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/10\/poieeeyee-NFTs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1998\" \/>\n\t<meta property=\"og:image:height\" content=\"1124\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Reddit&#8217;s Avatar NFTs Generated Over $2.5 Million in One Day\",\"datePublished\":\"2022-10-27T20:41:50+00:00\",\"dateModified\":\"2022-10-27T20:42:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\"},\"wordCount\":419,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2022\/10\/poieeeyee-NFTs.png\",\"articleSection\":[\"NFT\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\",\"url\":\"https:\/\/nftandcrypto-news.com\/nft\/reddits-avatar-nfts-generated-over-2-5-million-in-one-day\/\",\"name\":\"Reddit's Avatar NFTs Generated Over $2.5 Million in One Day | NFT &amp; 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