There’s little doubt that we’re in a bear market and the NFT markets are down as well. NFT transaction volume and frequency is down by about 86%, according to nonfungible.com.
Even the “blue-chip” NFTs like Bored Ape Yacht Club and CryptoPunks are not spared as holders experienced a drop in value with the drop of Ethereum price.
In the midst of a slowing NFT market, Reddit NFTs became a sleeper hit, clocking $8.9M sales:
Source: Dune Analytics
If you’ve stumbled upon Reddit NFTs and are wondering what the hype is about, this article is for you.
But first up;
What is Reddit?
Reddit claims to be “The Front Page of the Internet”.
It is a community driven forum and news website where content is curated by users through a voting system – this allows the best content to surface on the platform. It splits interest and topics...