How many NFT avatars are in Reddit vault?

At TechCrunch’s Disrupt conference last week, Reddit Chief Product Officer Pali Bhat revealed that more than 3 million Polygon-based Reddit Vault wallets have been created by users to collect and trade its NFT avatars. According to the Dune dashboard, more than 2.9 million of the avatars are now in circulation.

What is a vault on Reddit?

What is a Vault? A Vault is your digital wallet on Reddit. It helps redditors store and manage their blockchain-based digital goods, such as Collectible Avatars, on Reddit. When your Vault is created, you will receive a public address and will need to secure your Vault.

Will Reddit & Web3 bring more revenue to NFT?

The social network’s users have opened over 2.5 million crypto wallets on the platform since Reddit released its NFT marketplace in July. Reddit claims it has 50 million daily active users and grossed over $350 million in earnings last year, so its foray into Web3 may bring more revenue to the social platform.

Are Reddit users upvoting NFT?

Among the total 3 million users that have opened Reddit Vault Wallets, 2.5 million have occurred since its NFT marketplace opened in July. Reddit users appear to be upvoting non-fungible tokens (NFT). The social network’s users have opened over 2.5 million crypto wallets on the platform since Reddit released its NFT marketplace in July.