Reddit’s initiative to implement tokenized avatars has been one of the few bright spots amid decreasing NFT sales and a more generalized crypto market in chaos. With more than 5 million of the collectibles having been produced so far, the Polygon-based venture has now achieved a new milestone. The Reddit Collectible Avatars NFT effort passed the 5 million milestone during the past 24 hours, according to blockchain data published on a Dune dashboard. 3.95 million of them wallets contain just one Reddit NFT.
Reddit users have created more than 5 million NFT avatars on Polygon.
