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Reddit NFT avatars selling for a premium on OpenSea

Sales of recently launched Reddit blockchain-based avatars Non-Fungible Token (NFT) The marketplace OpenSea is better than the platform’s proprietary stores.

Reddit, the “home page” of the internet, is joining the burgeoning world of NFTs. Collectible Avatar announced Avatar became available to users in August and has already generated thousands of dollars in sales for artists.

Reddit users can purchase different avatars for their profile using Vault, Reddit’s cryptocurrency wallet. Credit and debit cards can be used to pay for blockchain-based NFTs.

Reddit avatars are created by many independent artists using the platform and are created upon purchase on the Polygon blockchain. Given that OpenSea has cross-blockchain support across Ethereum, Polygon, Klaytn and Solana blockchains, Reddit NFTs are currently being sold at premium prices on popular NFT marketplaces.

NFTs currently available for purchase on the Reddit Avatar store page range from $5.00 to $49, and NFTs listed for $50 and up are currently sold out. These more expensive avatars are still available on OpenSea, albeit at a significantly higher price point than Reddit’s original listing.

Two specific collections: The Senses x Reddit Collectible Avatars and Foustlings x Reddit Collectible Avatars, A compilation of notable Reddit avatars featured on OpenSea.

Related: Reddit Partners with FTX to Enable ETH Gas Fees for Community Points

About 1,300 The Senses NFTs are listed on the market, generated Total 15 Ether (ethereum) is a Polygon with $25,000 in sales since August 20th. The Mouths #12 is the most expensive NFT. sold The previous collection sold on September 3rd for 1.377 Polygon Bridge ETH, or $333.

There are about 1,800 faustrings NFT is listed on OpenSea and has a total sales volume of 9.6 Polygon Bridge ETH at the time of writing. Rainbow Faustring #373 fetched At 0.348 Polygon Bridge ETH, or $577 on Sunday, it currently ranks as the most expensive NFT sold from a particular collection.

The Natsukashii, Celestial Assembly and Wearing Your Emotions collections have seen slow trading action, accounting for 3.7 ETH, 2.4 ETH and 1.5 ETH respectively in Polygon Bridge turnover.

Reddit’s initial NFT announcement indicated that the launch of Avatar would primarily allow artists to create and sell NFTs through their stores and secondary marketplaces.