Reddit Launches Gen 4 Drop of Collectible Avatars
Online discussion platform Reddit has released its latest collection of NFT avatars, titled “Retro Reimagined.” The collection features artistic interpretations of Reddit’s iconic “Snoo” alien mascot by various creators, including the Cool Cats profile picture project and Micah Johnson’s Aku NFT character. Each avatar is a limited edition release, with prices ranging from $2.49 to $199.99. The first day of the sale is restricted to prevent newly-created accounts from buying in large quantities. Reddit has given away millions of avatars for free, making it one of the largest contributors to the total number of NFTs minted on Polygon. Over 18.2 million Polygon NFTs have been minted to date, with $33.6 million worth of avatars traded on secondary markets.
Key Points:
– Reddit has launched its Gen 4 drop of Collectible Avatars, featuring artistic interpretations of its “Snoo” alien mascot.
– The collection includes NFTs based on the Cool Cats profile picture project and artist Micah Johnson’s Aku NFT character.
– Each avatar is a limited edition release, with prices ranging from $2.49 to $199.99.
– The first day of the sale is restricted to prevent newly-created accounts from buying in large quantities.
– Reddit has given away millions of avatars for free, contributing to over 18.2 million Polygon NFTs minted to date.
Hot Take:
Reddit’s launch of its Gen 4 drop of Collectible Avatars showcases the platform’s growing influence in the NFT space. By collaborating with various artists and offering limited edition avatars, Reddit is capitalizing on the demand for unique digital assets. The inclusion of NFTs based on popular projects like Cool Cats and artist Micah Johnson’s character further adds to the appeal of the collection. However, the restriction on newly-created accounts during the first day of the sale aims to deter flipping and ensure a fair distribution of avatars. With millions of avatars already minted and traded, Reddit’s Collectible Avatars have become a significant player in the NFT market.