Everything you need to know about Reddit Avatar NFTs
3M Reddit WalletDeFi Videos
Reddit has become an unlikely Trojan horse, allowing former NFT haters to fully embrace digital collectibles and blockchain-backed PFPs just like any Bored Ape or cryptopunk-holding bro.
Redditors have used Reddit’s Vault blockchain wallet to create more than 3 million crypto wallets to date. Most of those — 2.5 million — were created to purchase NFT avatars that can be used as profile pics on the platform, Reddit’s chief product officer, Pali Bhat said at a TechCrunch conference last week. To put this in perspective, NFT marketplace OpenSea had 1 million active wallets as of January, according to a Dune Analytics report.