Reddit users are upvoting NFTs. The social network’s users have opened more than 2.5 million crypto wallets on the platform since Reddit released its NFT marketplace in July.
The social network’s users have opened over50 million daily active users
and grossed over $350 million in earnings last year, so its foray into Web3 may bring more revenue to the social platform. The social network’s NFT marketplace requires users to set up a Reddit Vault Wallet to purchase and store tokens. The wallet allows users to manage community points stored on-chain that can be used for various in-app purchases.
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