NiftyNoon: Can Reddit Still Onboard NFT Users?

Reddit begins to launch its biggest NFT drop ever with its generation 3 avatars (April 11, 2023)

Nifty Thought

• Reddit’s generation 2 digital collectible avatar drop is notable for mass onboarding millions of new participants into the NFT ecosystem. This generation 3 drop, with the largest supply ever for any Reddit digital collectible drop, comes at a time when interest in NFTs is near an all time low. However, Reddit’s unique positioning here enables it to almost be unaffected by the current state of the NFT market. This is because it has tens of millions of daily active users. It is these users that Reddit is targeting for this upcoming drop, not the existing NFT community. In that sense, everyone in NFTs should be rooting for the success of these avatars as they may end up brining in the next wave of web3 participants.

• For this drop, the NiftyNoon team is focused on targeting the low supply tier 3 drops for notable artists such as PRGuitarman, Gasolyn, Rojom, Penguitt, and Tfoust10. Because purchases can be made through a credit card, putting the spend on a card that is within its sign-up bonus will allow people to maximize their returns.

Project News

• Generation 3 Reddit Collectible Avatar NFTs launch today:

  https://twitter.com/Reddit/status/1645546028064718851

• Ethereum Shanghai upgrade in 48 hours, with 18,112,471 $ETH worth $34B unlocked and investors can begin to unstake:

  https://twitter.com/TycoonPal/status/1645515792828489729

• SushiSwap hacked, as RouterProcessor2 contact has an approve-related bug, which led to the loss of >$3.3M loss (about 1800 eth) from @0xSifu:

  https://twitter.com/peckshield/status/1644907207530774530

• Founder of Art Blocks shares that 30 fresh squiggles will be coming through the minter tonight:

  https://twitter.com/artonblockchain/status/1644497625096376322?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• Cozomo de Medici announces new exhibition, The Medici Collection in Times Square:

  https://twitter.com/CozomoMedici/status/1645535775331860481

• Digi Daigaku calls Baby Dragon holders to collect a Dragon Essence:

  https://twitter.com/digidaigaku/status/1644728834263056388?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• Wolf Game shares results of first nine Governance votes:

  https://twitter.com/wolfdotgame/status/1645233853794074624

• Taproot Wizards present NFT NYC Magical Gathering on April 14th:

  https://twitter.com/taprootwizards/status/1644823451486527489?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

Community News

• Azuki #2239 swapped on NFT Trader:

  https://twitter.com/SpiritAzukiBot/status/1645138890427371520

Quick Stats:

• OpenSea Daily Volume: 4,899 ETH (▲ 22.72%)

• Blur Daily Volume: 14,107 ETH (▲ 35.71%)

• BTC: $30,094.34 (▲ 6.19%)

• ETH: $1,920.52 (▲ 3.24%)

• Solana: $22.40 (▲ 10.42%)

• Polygon: $1.13 (▲ 2.73%)

NFT Daily Winners:

• ⛩️ Azuki: 14.43 ETH (▲ 1.26%)

• 🧬 Clone X: 2.77 ETH (▲ 0.80%)

• 🥃 Proof Collective: 11.78 ETH (▲ 0.68%)

• 🧟 Mutant Ape Yacht Club: 13.00 ETH (▲ 0.39%)

• 🐈‍⬛ VeeFriends: 3.24 ETH (► 0.00%)

• 🏳️‍🌈 Chromie Squiggles: 9.00 ETH (► 0.00%)

NFT Daily Losers:

• 🦉 Moonbirds: 3.12 ETH (▼ 0.11%)

• 🦧 Bored Ape Yacht Club: 58.84 ETH (▼ 0.42%)

• 🚬 CryptoPunks: 56.92 ETH (▼ 0.49%)

• 🐧 Pudgy Penguins: 4.20 ETH (▼ 1.03%)

• 🌈 Doodles: 2.68 ETH (▼ 1.07%)

• 🧝🏼‍♀️ DigiDaigaku: 4.35 ETH (▼ 3.33%)

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