NiftyNoon: The Rise of Reddit NFTs

For October 24, 2022

Nifty Analysis

• Much has been said about the potential for Coinbase NFT and Instagram NFT to onboard new people into the world of NFTs. Very few people, however, predicted Reddit to become the dominant force introducing NFTs to the masses. Nonetheless, that is exactly what happened. Reddit has 3 million wallets into the NFT world since July. Reddit’s approach to digital avatars is novel with them existing on Polygon rather than layer 1 ETH and with a focus on individual traits and editions from popular Reddit artists. Although the long term viability of these NFTs remains to be seen, it is undeniably a positive for Reddit to be bringing so many new people into the wild word of web3.

Project News

• Azuki Golden Skateboard auction concludes with 8 skateboards selling for more than 1900 ETH:

  Azuki @AzukiOfficial

  The results of the Azuki Golden Skateboard auction are in. After 24H+ of fierce bidding (especially in the final moments), we have our top 8 Golden Skateboard auction winners. Let’s extend our warm & heartfelt congratulations to the winners! Thread below 🧵

• TRLab begins Nonspace mint with the Calder Foundation to celebrate legendary American sculptor Alexander Calder:

  TRLab @trlab_

  GM! Early Edge participants has started minting #NonspaceNFTs—but why are they called Nonspace and what does the word mean? Check it out here: calderquestion.trlab.com/study

  

• Warner Bros NFT Lord of the Rings NFTs in partnership with Eluvio:

  Warner Bros. NFT @WarnerBrosNFT

  Introducing a #Web3 Movie Experience that has never been seen before! LIVE tomorrow. Exclusively at web3.wb.com 📽️

Community News

• Reddit NFTs dominate NFT twitter as their floor price quickly rises and their total wallet count flips the total wallet count of OpenSea:

  Robin 🇨🇭 (OneTruth / Blokssom) 🦇🔊 @robinkunz_

  🚨Breaking News🚨 Reddit the social platform has quietly onboarded millions of users to web3 and NFTs This is how crypto mass adaption feels like. Lets make a quick deep dive 👇🧵 QUICK FACTS / INTRO / HISTORY / TAKEAWAYS / ACTION / ADDITIONAL RESSOURCES 1/20

  

  Mando @greatmando_nft

  Reddit NFTs: What you need to know 👇 - 3m wallets - 86K+ NFTs - 40K sold, rest airdrops - Minted on @0xPolygon - Top avatars selling for 6.9E - Market cap $100m - 24hr Volume $235k Useful links 👇

  

  Loopify 🧙‍♂️ @Loopifyyy

  it’s insane how overlooked Reddit NFTs are and how bullish this is for the space here is a random user talking about how his mindset changed CC: @NFTLoverBoy

  

• Jiho.eth, the co-founder of Axie Infinity, joins Prez and Axu to discuss NFTs and crypto-gaming:

  The Jiho.eth 🦇🔊 #AxieOrigins @Jihoz_Axie

  Going to be meeting the @cryptopunksnfts community today!

  

  prez 🌐 @jpegprez

  https://t.co/bCCQjuLh0E

• NYDoorman rumored as potential acquirer for Starcatchers NFT project:

  nydoorman.tez @NYDoorman

  today was amazing. picked up this guy to celebrate. @StarcatchersNFT

  

Quick Stats:

• OpenSea USD Daily Volume: $7.17M (▼ 3.91%)

• OpenSea ETH Daily Volume: 5,419 ETH (▼ 5.49%)

• BTC: $19,355.46 (▲ 0.99%)

• ETH: $1,345.54 (▲ 2.91%)

• Solana: $28.81 (▲ 2.90%)

NFT Daily Winners:

• Chromie Squiggles: 12.50 ETH (▲ 6.38%)

• Mutant Ape Yacht Club: 13.07 ETH(▲ 0.51%)

• VeeFriends: 6.50 ETH (► 0.00%)

• DigiDaigaku: 11.20 ETH (► 0.00%)

• Proof Collective: 40.50 ETH (► 0.00%)

• Azuki: 11.49 ETH (► 0.00%)

NFT Daily Losers:

• Moonbirds: 8.99 ETH (▼ 0.66%)

• CryptoPunks: 66.45 ETH (▼ 0.75%)

• Bored Ape Yacht Club: 71.40 ETH (▼ 1.77%)

• Clone X: 8.15 ETH (▼ 1.81%)

• Doodles: 7.19 ETH (▼ 3.36%)

Notes:

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• Created by @AxuETH, @jpegprez, @SSPxLEO, and @SpeedyGonzale87