21/10/2022 Reddit Users Open 2.5 Million Crypto Wallets After Launch of NFT Marketplace

Among the total 3 million users that have opened Reddit Vault Wallets, 2.5 million have occurred since its NFT marketplace opened in July.

Reddit integrates FTX Pay (Brett Jordan/Unsplash)

Reddit users appear to be upvoting non-fungible tokens (NFT).

The social network’s users have opened over2.5 million crypto walletson the platform since Reddit released its NFT marketplace in July.

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Reddit claims it has50 million daily active usersand grossed over $350 million in earnings last year, so its foray into Web3 may bring more revenue to the social platform.

The social network’s NFT marketplace requires users to set up a Reddit Vault Wallet to purchase and store tokens. The wallet allows users to manage community points stored on-chain that can be used for various in-app purchases.

Reddit’s rollout of NFTs has been in the works since its initial release ofCryptoSnoo” in June 2021, an NFT collection based on the platform’s logo, Snoo. In July,Reddit opened its NFT marketplaceto the public, ahead of its Augustairdropsto users with high karma across four Snoo-based collections.

As the total number of wallets is roughly 3 million, it’s clear the interest in owning thesePFP NFTsis driving adoption — the vast majority of new users have hopped on board in the past three months.

Across its collectionsThe Singularity,Aww Friends,Drip SquadandMeme Team, the lowest floor price is 0.01 ETH, or about $13.

Arts

https://www.coindesk.com/web3/2022/10/19/reddit-users-open-25-million-crypto-wallets-after-launch-of-nft-marketplace/

Interesting NFTs
Coffin Dance (Dancing Pallbearers)
The most famous global meme of 2020, which has become a true symbol of the COVID-19 pandemic era. The token is issued with the support of the Ukrainian PR community, by Benjamin Aidoo team in collaboration with Matthew “DigiNeko” Ordrick, who in late March 2020 uploaded the video to YouTube which started a trend on the Internet. The owner of this token is going to get good luck for eternity. Format: 690  x  388 GIF
Sophia Instantiation
Sophia Instantiation by Sophia the AI robot x Andreas Bonaceto
Brave Samurai
This is the second collaborative piece that I have created with the very talented Dutch artist, @eattheart23. Here, a samurai warrior stands guard, honour bound to protect his master even to the death.
Bubbles (Super Rare!)
Good day! I'm Bubbles (Super Rare!). I've never told anyone this, but I once loved a dog. In my free time, I can usually be found raunchy or siring for status. Let's pawty!
Ringers #621
There are an almost infinite number of ways to wrap a string around a set of pegs. On the surface it may seem like a simple concept but prepare to be surprised and delighted at the variety of combinations the algorithm can produce. Each output from 'Ringers' is derived from a unique transaction hash and generated in Javascript in the browser. Feature variations include peg count, sizing, layout, wrap orientation, and a few colorful flourishes for good measure. Additional project feature(s) => Background: Red, Size: Normal, Wrap orientation: Balanced, Wrap style: Loop, Peg layout: Recursive grid, Peg scaling: Uniform, Body: White, Peg style: Solid, Extra color: N/A, Peg count: 23