Flash Bounty: Reddit NFTs
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What Is Reddit?
Reddit is an American social news aggregation, content rating, and discussion website. Registered users (commonly referred to as "Redditors") submit content to the site such as links, text posts, images, and videos, which are then voted up or down by other members. Posts are organized by subject into user-created boards called "communities" or "subreddits". Submissions with more upvotes appear towards the top of their subreddit and, if they receive enough upvotes, ultimately on the site's front page.
What Is a Reddit NFT?
A Reddit NFT is a type of avatar that can be purchased on the Reddit avatar marketplace. This marketplace provides redditors with the opportunity to buy blockchain-based images for a set amount of money.
If you decide to purchase an NFT-based avatar, you can do so with a crypto wallet, credit card, debit card or Reddit's Vault. Reddit has partnered with many independent artists to create over 90 designs, released alongside the marketplaceās launch. However, the total number of NFTs up for sale is in the tens of thousands.
In the event that you buy a limited edition NFT on Reddit, you're given the licensing rights to the token, which means that you have the ability to use the avatar on and off Reddit. In addition, buying one of these avatars allows you to alter its look with different merchandise obtainable within the avatar builder. As mentioned earlier, these avatars come with a glowing effect when you make a comment under a Reddit post.
Summary
- Reddit collection experienced totally about 590K Mint transactions. moreover, nearby 2.85M Minters recorded this stat and these users minted about 1.2M NFT.
- on 28 Aug Reddit experienced the highest number of daily transactions with nearby 16K and on 24 and 27 Aug had about 15K. on the other hand on 6 July with 5 transactions Reddit collection experienced the lowest number of daily transactions.
- In terms of Number of Minters, on 30, 31 Aug Reddit collection had about 200K minter, and this was the highest number of daily minters and 25 Aug with 168K minters had second place. but after those days, Reddit minters experienced declining trend.
- (0x352140eb74cae24c9bee7de1884a4ac5a38bc702) is the most active Minter with about 285 transactions and had about 9% ratio and after it (0x88b7f4c5f7c225e69ff4d7946df6d71c2e5b0c7e) had second place with about 200 transactions and had about 6.1%.
- (0xb9c042c3275bc49799688eea1a29b1405d02946b) this collection is the most popular among minter with the highest number of mints with about 138K and it has about 24.5% ratio of all transactions.
- (0x466a330887bdf62d53f968ea824793150f07762e) this collection had the highest number of minters with about 1.2M and had about 42% ratio of all minters.
- In terms of most popular collection (0xbfd670667053e517a97afe56c91e4f83f1160bd3) had the highest ratio of all number of transactions with about 41.5% and also this collection had the highest ratio of Number of Minter with about 51%.
- Comparision among Reddit, Martians and Maticgreys, Reddit had the highest number of transactions with about 590K while Martians only had 16.5K and finally MaticGreys had 5.7K transactions.
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