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10 Million Reddit Accounts Are Currently Involved in NFT Ownership, and the Tokens Have a Market Capitalization of Over $38 Million

Reddit's NFTs, also known as Reddit collectibles, have been a major hit since their launch in July 2022. These tokens are unique, affordable, and securely stored on the Polygon (MATIC) blockchain platform, which has made them very popular among users.

According to on-chain data, nearly 10 million Reddit accounts are currently involved in NFT ownership, and the tokens have a market capitalization of over $38 million.

The success of NFTs on Reddit can be attributed to popular collections like The Senses, poieeeyee, and Foustlings, which have generated over $1 million in sales. Additionally, Reddit has partnered with Ubisoft to release a Rabbids NFT collection that users can obtain for free by following a few simple steps.

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