SNEAK PEEK
- Based on the recent Reddit Recap, there is speculation among the crypto community regarding the launch of NFTs.
- User profiles have been changed into trading cards including abilities and characteristics.
- NFT avatars of Reddit have seen extreme success in the recent time with an all-time high minting.
A lot of activities have happened on the Reddit platform lately with a scammer flooding counterfeit Reddit NFTs on OpenSea to Minting of Reddit collectible avatars reaching an ATH.
Now there’s another piece of news from the discussion website. Reddit Recap has changed the profiles of users into trading cards, indicating signs of a non-fungible token. The cards include abilities, ratings, and characteristics, which has resulted in speculation within the entire crypto community that more NFTs might be on the way.
The theory is the result of a recent Reddit Recap launch, which displays trading cards for the profile of users.
Bursting (with bananas). #RedditRecap pic.twitter.com/gCWKerR7k0
— Reddit (@Reddit) December 7, 2022
Through Reddit Recap, users can see how they used the platform over the years. Another part shows users their profile’s trading card format along with a rating depending on the karma earned by them.
The particular trading card profile looks similar to an NFT, which is the reason behind all the hype among the crypto community members. Via the trading card, users get power such as an increase in stats upon particular actions.
Superpowers, exclusive flashy designs, characteristics, and ratings hint at more NFTs coming. The card is possibly to be shared both on and off of Reddit.
The crypto community has involved itself in the matter with a lot of keenness to find information regarding a possible NFT release.
Though there are no in-depth details regarding the NFT release, all the discussed signs hint at it. Reddit might announce a brand new initiative before 2022 comes to an end.
Earlier, Reddit has shown a passion for both NFTs and cryptocurrencies. Also, ample growth of its avatar NFTs indicates a hopeful sign.
This year has seen Reddit NFTs doing great, as avatar minting reached an all-time high on December 3. 255,000 were minted and there are 4 million avatar owners. Reddit’s first Chief Product Officer, Pali Bhatt, is the major reason behind the success of Reddit’s NFTs.
Despite avatars growing in popularity since September, a sharp increase happened in the last few months. Throughout 95,000 sales, the total cumulative sales of these avatars surpassed $11.7 million. The highest-selling avatar made 30 ETH.
