{"id":5945,"date":"2023-04-12T17:06:56","date_gmt":"2023-04-12T17:06:56","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/reddit-drops-thousands-of-new-nfts-on-polygon-blockchain\/"},"modified":"2023-04-12T17:06:56","modified_gmt":"2023-04-12T17:06:56","slug":"reddit-drops-thousands-of-new-nfts-on-polygon-blockchain","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/reddit-drops-thousands-of-new-nfts-on-polygon-blockchain\/","title":{"rendered":"Reddit Drops Thousands of New NFTs on Polygon Blockchain"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Reddit captured the attention of the Web3 space yesterday with the release of its third-generation NFTs. The social media giant quickly sold out the release to mostly positive reviews. What do we know about the newest Reddit NFT drop?<\/p>\n<figure id=\"attachment_101626\" aria-describedby=\"caption-attachment-101626\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg\" target=\"_blank\" rel=\"noopener\"><picture decoding=\"async\" class=\"wp-image-101626\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg.webp 934w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-300x168.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-768x430.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-450x252.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20672'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-101626\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg.webp 934w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-300x168.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-768x430.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-100x56.jpg.webp 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-150x84.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-450x252.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg\" alt=\"Reddit's newest NFTs dropped yesterday to surging demand\" width=\"1200\" height=\"672\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg 934w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-300x168.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-768x430.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-100x56.jpg 100w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-150x84.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4-450x252.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><\/a><figcaption id=\"caption-attachment-101626\" class=\"wp-caption-text\">Demand for Reddit\u2019s newest NFT collection overwhelmed servers yesterday<br \/>Image Credit: LuckyTrader<\/figcaption><\/figure>\n<h2><span id=\"What_do_we_know_about_the_third-generation_Reddit_NFTs\"><strong>What do we know about the third-generation Reddit NFTs?<\/strong><\/span><\/h2>\n<p>The third generation of <a href=\"https:\/\/nftevening.com\/mixed-reactions-as-reddit-rolls-out-third-gen-nfts-on-polygon\/\" target=\"_blank\" rel=\"noopener\">Collectible Avatars<\/a> features artwork from 100 different artists, over 3x the number of artists from the first two generations combined. Reddit gave the artists creative control over their pieces, only stipulating that the artwork had to involve Snoo, Reddit\u2019s alien-looking mascot, and involve a theme of \u201cfuture realities\u201d. The results are impressive.<\/p>\n<p>Australia-based artist Alicia Freeman created three different characters. She based her Collectible Avatars on environmental themes. She stated, \u201cI decided to create avatars reflecting the rising ocean levels, the struggling bee populations, and the inevitable future of us all\u2014returning to our original stardust form.\u201d<\/p>\n<figure id=\"attachment_101629\" aria-describedby=\"caption-attachment-101629\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg\" target=\"_blank\" rel=\"noopener\"><picture decoding=\"async\" class=\"wp-image-101629\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg.webp 966w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-300x222.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-768x568.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-76x56.jpg.webp 76w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-150x111.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-450x333.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20888'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20888'%3E%3C\/svg%3E\" alt=\"Alicia Freeman was one of the 100 artists providing artwork to Reddit's newest NFT collection\" width=\"1200\" height=\"888\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg 966w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-300x222.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-768x568.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-76x56.jpg 76w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-150x111.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-450x333.jpg 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-101629\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg.webp 966w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-300x222.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-768x568.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-76x56.jpg.webp 76w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-150x111.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-450x333.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg\" alt=\"Alicia Freeman was one of the 100 artists providing artwork to Reddit's newest NFT collection\" width=\"1200\" height=\"888\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2.jpg 966w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-300x222.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-768x568.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-76x56.jpg 76w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-150x111.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture2-450x333.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><\/a><figcaption id=\"caption-attachment-101629\" class=\"wp-caption-text\">Alicia Freeman\u2019s Collectible Avatars are a fan favorite<br \/>Image Credit: Reddit<\/figcaption><\/figure>\n<p>Chris Torres, the artist behind the iconic internet meme \u201c<a href=\"https:\/\/nftevening.com\/how-the-top-memes-from-your-childhood-became-nfts\/#Nyan_Cat_The_first_meme_NFT\" target=\"_blank\" rel=\"noopener\">Nyan Cat<\/a>\u201c, took a different approach. He decided to create just one character with a higher edition size instead of creating multiple avatars with smaller edition sizes.\u00a0 Torres explained, \u201cYou can\u2019t look at it and think, \u2018There\u2019s 97 artists, here\u2019s the floor for all of them. Each artist has their own lore and their own communities behind them, so each piece will go differently depending on who it is.\u201d<\/p>\n<h2><span id=\"Did_the_drop_go_well\"><strong>Did the drop go well?<\/strong><\/span><\/h2>\n<p>The demand for the Reddit NFTs overwhelmed Reddit\u2019s online store. The site crashed during the mint process and some people criticized the release\u2019s lack of anti-bot measures. Apparently, there was no CAPTCHA involved in the minting process and bots were able to purchase 300,000 assets in approximately three seconds.<\/p>\n<figure id=\"attachment_101630\" aria-describedby=\"caption-attachment-101630\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg\" target=\"_blank\" rel=\"noopener\"><picture decoding=\"async\" class=\"wp-image-101630\"><source type=\"image\/webp\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-300x261.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-64x56.jpg.webp 64w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-150x130.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-450x391.jpg.webp 450w\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%201042'%3E%3C\/svg%3E\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%201042'%3E%3C\/svg%3E\" alt=\"Some users complained about Reddit's newest NFT collection\" width=\"1200\" height=\"1042\" data-lazy-srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-300x261.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-64x56.jpg 64w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-150x130.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-450x391.jpg 450w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" data-lazy-src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg\"\/>\n<\/picture>\n<noscript><picture decoding=\"async\" class=\"wp-image-101630\"><source type=\"image\/webp\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg.webp 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-300x261.jpg.webp 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-64x56.jpg.webp 64w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-150x130.jpg.webp 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-450x391.jpg.webp 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg\" alt=\"Some users complained about Reddit's newest NFT collection\" width=\"1200\" height=\"1042\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3.jpg 768w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-300x261.jpg 300w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-64x56.jpg 64w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-150x130.jpg 150w, https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture3-450x391.jpg 450w\" sizes=\"(max-width: 1200px) 100vw, 1200px\"\/>\n<\/picture>\n<\/noscript><\/a><figcaption id=\"caption-attachment-101630\" class=\"wp-caption-text\">Some users were not happy with the lack of anti-bot measures taken by Reddit<br \/>Image Credit: @thisiswenzel<\/figcaption><\/figure>\n<p>Regardless, demand for the Collectible Avatars was strong. The collection has already generated <a href=\"https:\/\/www.coindesk.com\/web3\/2023\/04\/12\/reddit-keeps-upvoting-nfts-drops-third-generation-collection\/\" target=\"_blank\" rel=\"noopener\">$585,000 in sales volume<\/a> since mint. Floors have held up well and Reddit fans have taken to social media to flaunt their newly purchased digital identities.<\/p>\n<h2><span id=\"What_were_the_previous_two_Reddit_NFT_drops\"><strong>What were the previous two Reddit NFT drops?<\/strong><\/span><\/h2>\n<p>Reddit announced its intention to release NFTs in July 2022. The sprawling messageboard site then partnered with Polygon to build its own NFT marketplace. Since then, over 7.4m unique wallets have collected pieces from the Collectible Avatars collection.<\/p>\n<p>The first release consisted of 40,000 mostly-free unique digital assets. For many, this was the first time they had ever owned an NFT or interacted with a Web3 wallet. To that end, many people credit Reddit for helping to nurture the mainstream adoption of blockchain technology.<\/p>\n<p>The second Collective Avatars drop was a paid drop. Reddit smartly allowed non-crypto natives to purchase the assets with credit cards, helping to smooth out some of the pain points required to buy NFTs. The Gen 2 sold launch sold out within 24 hours.<\/p>\n<p>As the insane demand for the most recent Reddit NFT release indicates, there is still plenty of demand for digital assets even during a down year for NFTs. Companies like Reddit joining the Web3 space helps to foster the adoption of blockchain technology, and it never hurts to have a character as cute as Snoo around to help soften crypto\u2019s sometimes edgy image.<\/p>\n<div class=\"bottom-text__subscribe\">\n<div id=\"mlb2-5802138\" class=\"ml-form-embedContainer ml-subscribe-form ml-subscribe-form-5802138\">\n<div class=\"ml-form-align-center\">\n<div class=\"ml-form-embedWrapper embedForm\">\n<div class=\"ml-form-embedBody ml-form-embedBodyHorizontal row-form\">\n<div class=\"ml-form-embedContent\" style=\"\">\n<h4><span id=\"Join_Our_New_To_The_Moon_daily_Newsletter\">Join Our New &#8220;To The Moon&#8221; daily Newsletter<\/span><\/h4>\n<p>Get our free, 5 minutes daily newsletter. 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The social media giant quickly sold out the release to mostly positive reviews. What do we know about the newest Reddit NFT drop? Demand for Reddit\u2019s newest NFT collection overwhelmed servers yesterdayImage Credit: LuckyTrader What do we know about [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5946,"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:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-4.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5945"}],"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=5945"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/5946"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=5945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=5945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=5945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}