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A big milestone has been achieved on the intersection of Reddit’s on-line group and the world of cryptocurrency, as non-fungible tokens (NFTs) on the Polygon blockchain showcase exceptional progress.

Reddit NFT Sale Surpasses $40M

Real-time information gathered by Dune Analytics reveals that the cumulative gross sales of Reddit NFTs have elevated, reaching a report excessive of $40,554,135. Similarly, the quantity of Collectible Avatars has surpassed a exceptional 20.3 million, as recorded throughout the previous 24 hours.

Moreover, the variety of holders of those distinctive NFTs has risen to over 16 million. As a consequence, the market capitalization of the Collectible Avatars is now about to hit $100 million. 

Notably, the Dune Analytics dashboard spotlighted extra intriguing insights into the Reddit NFT panorama. According to the report, the Gen 4 collections have amassed an combination major gross sales quantity of $856,190, with a strong holder depend of 12,854. 

Interestingly, the Gen 4 NFTs have witnessed over 200 gross sales throughout the previous 24 hours, collectively valued at greater than $6,200. Meanwhile, the Gen 3 collections’ cumulative gross sales have surpassed $3 million, with a considerable holder depend of 41,684.

Polygon Founder on What’s Next

These compelling statistics haven’t escaped the eye of Sandeep Nailwal, the founding father of the Polygon blockchain. Nailwal just lately utilized the X platform (previously generally known as Twitter) to attract consideration to the burgeoning ecosystem. 

In the tweet, he acknowledged that whereas the expansion round Polygon could also be gradual, it’s undeniably indicative of progress. Nailwal stated: 

“Polygon ecosystem’s mainstream products are silently reaching ‘magic inflection points of growth, be it Reddit Avatars, DraftKings NFTs, or Nike dotSWOOSH. Many others lined up too. Soon AAA gaming too. Slowly but surely, fam!”

One extra alpha!@0xPolygon ecosystem’s mainstream merchandise are silently reaching “magic inflection points” of progress, be it @Reddit Avatars, @DraftKings NFTs or Nike @dotSWOOSH. Many others lined up too. Soon AAA gaming too.

Slowly however certainly fam! https://t.co/lz5Y0LO3cQ

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) August 13, 2023

Of explicit observe, “AAA gaming” alludes to high-budget gaming titles. Nailwal implied that the Polygon blockchain is poised for substantial enlargement to see the event and launch of noteworthy AAA gaming initiatives.

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency house for two years now. Previously he co-founded Govt. of India supported startup InThinks and is at the moment Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has revealed greater than 100 articles on cryptocurrency and blockchain and has assisted a lot of ICO’s of their success. He has co-designed blockchain improvement industrial coaching and has hosted many interviews in previous. Follow him on Twitter at @sharmasunil8114 and attain out to him at sunil (at) coingape.com

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