{"id":549,"date":"2022-11-11T04:44:09","date_gmt":"2022-11-11T04:44:09","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/11\/reddit-nft-collections-are-outpacing-popular-blue-chip-projects-nft-news-today\/"},"modified":"2022-11-11T04:44:09","modified_gmt":"2022-11-11T04:44:09","slug":"reddit-nft-collections-are-outpacing-popular-blue-chip-projects-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/11\/11\/reddit-nft-collections-are-outpacing-popular-blue-chip-projects-nft-news-today\/","title":{"rendered":"Reddit NFT Collections are Outpacing Popular Blue-Chip Projects &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Three Reddit collections have ranked within the top 10 projects on the biggest NFT marketplace, OpenSea.<\/strong><\/p>\n<p>Reddit literally has millions of subreddits and users. It\u2019s home to some of the biggest Blockchain, Crypto, and NFT communities on the web. So it\u2019s no wonder that its NFT marketplace has become popular in a short amount of time.<\/p>\n<p>However, what is surprising is that several Reddit NFT collections have sold for tens of thousands of dollars and are even outpacing popular blue-chip projects. Three of Reedit\u2019s NFT collections have been ranked within the top 10 projects on OpenSea.<\/p>\n<h2 id=\"h-the-popularity-of-reddit-s-nft-marketplace\">The Popularity of Reddit\u2019s NFT Marketplace<\/h2>\n<p>Reddit\u2019s NFT marketplace has exploded in popularity since its launch back in July. Not only have<a href=\"https:\/\/www.coindesk.com\/tech\/2022\/07\/07\/reddit-launches-polygon-based-collectible-avatar-marketplace\/\" target=\"_blank\" rel=\"noopener\"> <\/a><a href=\"https:\/\/www.coindesk.com\/web3\/2022\/10\/19\/reddit-users-open-25-million-crypto-wallets-after-launch-of-nft-marketplace\/\" target=\"_blank\" rel=\"noreferrer noopener\">2.5 million wallets been opened<\/a>, but several users have also found success selling their own NFT creations within the platform\u2019s community-driven marketplaces.<\/p>\n<p>While Reddit\u2019s NFTs have yet to surpass the likes of CryptoPunks and <a href=\"https:\/\/nftnewstoday.com\/2022\/05\/15\/curious-about-the-bored-ape-nft-collection\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bored Apes<\/a> \u2013 which still routinely sell for millions despite the CryptoWinter \u2013 they\u2019re selling at high prices.<\/p>\n<p>The <a href=\"https:\/\/dune.com\/polygon_analytics\/reddit-collectible-avatars\" target=\"_blank\" rel=\"noopener\">35,000+ transactions and nearly $11 million generated<\/a> show that certain NFT communities are willing to invest in Reddit NFT collections. And with the top sale topping out at over $40,000, they are no small feat either.\u00a0<\/p>\n<p>As the market expands, it will be interesting to see if more diverse projects like Reddit\u2019s meme-inspired NFTs can succeed among collectors.<\/p>\n<figure class=\"wp-block-image size-large\"><\/figure>\n<h2 id=\"h-what-projects-have-gained-popularity\">What Projects Have Gained Popularity?<\/h2>\n<p>Among devoted Reddit users, many NFT collections have seen a lot of success. However, these collections have also started making some serious noise among the general NFT community.<\/p>\n<p>Just take a look at the trading volume for <a href=\"https:\/\/opensea.io\/collection\/spooky-season-poieeeyee-x-reddit-collectible-avata\" target=\"_blank\" rel=\"noreferrer noopener\">Spooky Season<\/a>, a series of collectible avatars. Within 24 hours it experienced an impressive 121% increase and now sits just behind BAYC in OpenSea\u2019s top 10 rankings.<\/p>\n<p>And it\u2019s not just Spooky Season making waves \u2013 other Reddit projects, such as<a href=\"https:\/\/opensea.io\/collection\/the-senses-x-reddit-collectible-avatars\" target=\"_blank\" rel=\"noopener\"> The Senses x Reddit<\/a> and<a href=\"https:\/\/opensea.io\/collection\/foustlings-x-reddit-collectible-avatars\" target=\"_blank\" rel=\"noopener\"> Foustlings x Reddit<\/a>, are also climbing the ranks. It seems like NFT collectors can\u2019t get enough, snapping up digital art and unique online experiences like never before.<\/p>\n<h2 id=\"h-what-s-the-reason-for-reddit-nft-popularity\">What\u2019s the Reason for Reddit NFT Popularity?<\/h2>\n<p>While NFTs are slowly gaining popularity among Internet investors, Reddit\u2019s NFT collections are outpacing other projects. One theory is that \u201cseasoned collectors\u201d are flocking to Reddit NFTs because they offer a lot of upside potential at a relatively low price point.\u00a0<\/p>\n<p>Another possibility is that the popularity of some of these collections (like The Senses x Reddit) is due to their connection to popular Internet communities like <a href=\"https:\/\/www.reddit.com\/r\/wallstreetbets\/\" target=\"_blank\" rel=\"noreferrer noopener\">r\/wallstreetbets<\/a>. Whatever the reason, it\u2019s clear that Reddit\u2019s NFT collections are having a moment in the spotlight.<\/p>\n<h2 id=\"h-check-out-reddit-nft-collections\">Check Out Reddit NFT Collections<\/h2>\n<p>Undoubtedly, Reddit\u2019s NFT collections are outpacing even some of the most popular blue-chip projects.<\/p>\n<p>With a variety of collections available and more being added all the time, there\u2019s something for everyone on Reddit.<\/p>\n<p>Whether you\u2019re a seasoned collector or just getting started in the world of NFTs, make sure to check out what Reddit has to offer!<\/p>\n<\/div>\n<p><a href=\"https:\/\/nftnewstoday.com\/2022\/11\/11\/popular-reddit-nft-collections\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=popular-reddit-nft-collections\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three Reddit collections have ranked within the top 10 projects on the biggest NFT marketplace, OpenSea. Reddit literally has millions of subreddits and users. It\u2019s home to some of the biggest Blockchain, Crypto, and NFT communities on the web. So it\u2019s no wonder that its NFT marketplace has become popular in a short amount of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2022\/11\/wepik-photo-mode-20221011-11390.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/549"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=549"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/550"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}