Cryptocurrency
Reddit NFTs: What are they and should you jump on the hype?
By Dr Wealth  •  October 31, 2022
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...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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