Reddit's Collectible Avatars About to Reach 10 Million Users

Social platform Reddit is on the verge of reaching 10 million holders of its collectible avatars, known as "Reddit NFTs." Launched in July 2022, the customizable avatar marketplace on Polygon has seen significant growth, with the number of holders tripling in the past six months. Currently, there are 9.9 million avatar holders, with 7.7 million being single collective avatar holders. The market capitalization of Reddit Collectible Avatars stands at $38.4 million, with 303,033 total sales worth $32.6 million. Reddit recently announced support for Ubisoft's Rabbids NFT collection, which is gaining popularity among users.