Reddit recently launched its native NFT platform — termed 'Reddit Collectible Avatars.' 😶🌫️ What exactly are they — and why has it amassed over $11M in trading volume?
. Critics believe that using these blockchains contributes immensely to the environmental crisis. As a result, enterprises looking to integrate blockchain solutions are working on offsetting their carbon footprints.to become carbon-negative in 2022 and has pledged $20 million to sponsor green initiatives, offset its carbon footprint and buy extra carbon credits.
in trading volume. Below are the three collections from this project that boast the lion's share of the $10 million total volume.This is a Halloween-themed collection of avatars created by Redditor poieeeyee. At the time of writing, this series leads the way in terms of trading volume, having soldThe second top avatar series was designed by Redditor Rojom. This series features creepy-looking avatars with what looks like a misty forest backdrop.
However, for this to happen, the avatars must be worth owning. In other words, the perks associated with owning these avatars in and outside the Reddit ecosystem has to appeal to mainstream users. At this junction, you may be wondering: are there use cases, potential benefits, or special scenarios that could induce the exponential growth of the value of Reddit NFTs?An Endless Array of Rarity
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