Reddit NFTs have now surpassed the $50 million market cap Polygon’s NFT volume in USD has also seen impressive numbers The launch of Reddit Avatar Non-Fungible Tokens (NFT) on Polygon, with their subsequent record sales, somewhat settled the question of whether or not NFTs are dead. As a bonus, it proved the importance of networks […]
, with their subsequent record sales, somewhat settled the question of whether or not NFTs are dead. As a bonus, it proved the importance of networks in the crypto-world. In fact, Reddit NFTs recently crossed a very significant market cap threshold, one which affected Polygon NFT sales too.Reddit NFT
s have a market cap of over $50M. In fact, at the time of writing, the market cap was on its way to hitting $51M. The number of people who possess NFTs has also increased, as evidenced by data from Dune. At press time, the total number of holders had surpassed 7.1 million. Total sales volume is another crucial indicator that has been on the rise. A total of over $13.3 million has been transacted since its launch.Given how recent it is and how it has surpassed the $50 million market cap, Reddit NFT sales’ outstanding nature is clearly evident.
A few crucial metrics on the Polygon network have also been impacted by the enthusiastic response of the Reddit community to the debut of the NFT.blockchain. Given the volume it has experienced since its introduction, Reddit NFTs’ popularity significantly contributes to these positive swings. There have been volume spikes, as evidenced by the total NFT trade volume in USD on Santiment. The volume was approximately $348,000 at press time, but on March 7, it was approximately $1.7 million.Reddit NFTs and Polygon’s volume metric are showing promise, but so far, they are yet to be able to swayIn fact, the trend line revealed that it has been falling since February 18. According to the price range calculator, it has lost around 26% of its value from the beginning of its decline.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold mining rights have now been tokenized and recorded on the blockchainSanto Mining has entered into an NFT software development agreement with Vegachi Holdings to develop NFTs linked to the fractionalization of land with gold mining rights.
Read more »
Solana’s NFT landscape is expanding significantly- what’s more to comeSolana’s weekly NFT sales volume hit more than $17.5 million in value, a jump of about 32%. SOL saw an increase in the number of long positions taken over the past few days. The Solana [SOL] ecosystem got a reason to celebrate as the daily NFTs minted on the network jumped to a three-month high […]
Read more »
Crypto SWOT: The creators behind Bored Ape Yacht Club are launching their first collection of Bitcoin NFTsCommentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Keanu Reeves took the red pill ... no, seriously, he has itDuring a recent Reddit Ask-Me-Anything (AMA), Keanu Reeves revealed he took an iconic set piece from his film 'The Matrix.'
Read more »
People Loved This “Ask Me Anything” Session With Keanu Reeves, And Here Are The 31 Best Questions And AnswersWhen it's virtually impossible to like Keanu Reeves even more, he effortlessly nails 'AMA' questions on Reddit proving that it is, in fact, possible.
Read more »
Karen Answers The Door Naked, Believing That She’ll Receive Her Pizza Order For FreeThis internet user took to one of Reddit’s communities dedicated to shaming entitled folk, to tell its members a tale about the time he was flashed when delivering pizza.
Read more »