Reddit Avatar NFTs have seen unpredictable price performance in the past months. The analysis tracked the exchange of NFTs on the popular NFT trading platform OpenSea.io.
Among the top performers were the Fishy Foustling #1 and Mio Armor #1 NFT pieces, boasting a last sale price of 6 Ether and 5 ETH, respectively. The NFTs were airdropped to qualified users three months prior who had high amounts of karma points on the namesake social platform. Taken together, items in the aforementioned two collections have surpassed 100 ETH in cumulative trading volume.
Reddit Avatars are created by independent artists and are minted on the Polygon blockchain. OpenSea supports cross-chain operability, allowing them to be bridged onto Ethereum, Klaytn and Solana. Users can purchase such collectibles via Reddit’s cryptocurrency wallet, Vault.
Interestingly, some users have reported that Avatar NFTs are far less expensive to purchase via fiat or regular crypto than with xMOON, the native token of the r/Cryptocurrency subreddit.
