09/09/2022 Reddit NFT avatars selling for a premium on OpenSea

Reddit’s launch of limited edition NFT avatars has led to a large premium on secondary sales on OpenSea.

Reddit NFT avatars selling for a premium on OpenSea

Reddit’s launch of limited edition NFT avatars has led to a large premium on secondary sales on OpenSea.

Sales of recently launched Reddit blockchain-based avatars are rising onnonfungible token (NFT)marketplace OpenSea, outperforming the platform’s proprietary store.

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Reddit, the “front page” of the internet, plugged into the burgeoning world of NFTs with theannouncement of collectible avatarsin July 2022. The avatars became available to users in August and are already generating thousands of dollars in sales for artists.

Reddit users are able to purchase a variety of avatars for their profiles using Vault, Reddit’s cryptocurrency wallet, with credit and debit cards accepted to make payments for the blockchain-based NFTs.

Reddit Avatars are created by a number of independent artists that use the platform and are minted on purchase on the Polygon blockchain. Given that OpenSea features cross-blockchain support across Ethereum, Polygon, Klaytn and Solana blockchains, Reddit NFTs are now being sold at a premium on the popular NFT marketplace.

NFTs currently available for purchase on the Reddit Avatar store page range from $5.00 to $49, while the NFTs that were listed for $50 or more are now sold out. These more expensive avatars are still available on OpenSea, albeit for price ranges significantly higher than their original listings on Reddit.

Two specific collections,The Senses x Reddit Collectible Avatars and Foustlings x Reddit Collectible Avatars,are prominent Reddit Avatar compilations that are featured on OpenSea.

Around 1,300 The Senses NFTs are listed on the marketplace and havegenerateda total of 15 Ether (ETH) on Polygon, or $25,000, in sales since Aug. 20. The Mouths #12 is the most expensive NFTsoldin the collection to date, sold for 1.377 Polygon-bridged ETH, or $333, on Sept. 3.

There are some 1,800 FoustlingsNFTs listed on OpenSea, with sales volume totaling 9.6 Polygon-bridged ETH at the time of writing. Rainbow Foustling #373fetched0.348 Polygon-bridged ETH, or $577 on Sunday and currently ranks as the most expensive NFT sold from the specific collection.

The Natsukashii, Celestial Assembly and Wearing Your Emotions collections are slowly seeing trading action, accounting for 3.7 ETH, 2.4 ETH and 1.5 ETH in Polygon-bridged sales, respectively.

Reddit’s initial NFT announcement indicated that the launch of avatars would primarily empower artists to create and sell NFTs through its store and on secondary marketplaces.

Arts

https://cointelegraph.com/news/reddit-nft-avatars-selling-for-a-premium-on-opensea

Interesting NFTs
Dreaming at Dusk
More than 15 years ago, Tor onion services were brought to digital life. An ecosystem of onions has been blooming ever since. To commemorate this landmark in the history of privacy, we collaborated with @ixshells to create a one-of-a-kind digital artifact: a generative art piece derived using the private key of the very first onion service, duskgytldkxiuqc6.onion. This auction benefits the Tor Project, the nonprofit protecting your human right to privacy. 1020*1280 / 60fps / .mp4 / RSA1024
Pine Seedlings on the First Rat Day (female diver pleasured by octopuses)
Katsushika Hokusai (1760-1849) Pine Seedlings on the First Rat Day (female diver pleasured by octopuses) 1814 - Japan
The dirty cape
Personal project
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. I’d posted a link to a blog article I’d written a number of months previous titled ‘Who is the Creator’ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether it’s right or wrong for an artist to hire other professionals to help them realize their art projects. I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it? I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĂ© Delbo to ask him if he’d be interested in a very unique collaboration. I explained to him that to make this piece ‘work’ he couldn't have any say in what I produced and moreover, he wouldn’t even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal. The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes ‘in real time’. The dialogue between myself and my ‘hired guns’ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the ‘Art’ the final animation (the creation) or is the ‘Art’ the concept/credit for the creation itself?
The Rare Pearl Moon with Motion
Motion Version Part of my moon series. This super rare pearl moon has just washed ashore on a remote tropical island beach, fining one of these rare Jems is like a total worldly treasure! These moons, only fall to earth once in a few million years! When I found this one I felt the luck that is said to come with this pearl moon.