Try Quests to earn cryptoFlash Bounty: Reddit NFTs
What Is Reddit?
Reddit is a popular networking site that allows users to discuss, vote on and share content. Any user who joins Reddit can provide posts with a downvote or upvote, which determines how popular a post is when it comes to search rankings.
Reddit exists as a forum and networking site with more than 430 million active monthly users. These users can search Reddit for entertainment, news, updates, marketing and memes that cover all manner of topics. The website was placed online in 2005 and is likely the most popular discussion website in existence.
What Is a Reddit NFT?
A Reddit NFT is a type of avatar that can be purchased on the Reddit avatar marketplace. This marketplace provides redditors with the opportunity to buy blockchain-based images for a set amount of money.
If you decide to purchase an NFT-based avatar, you can do so with a crypto wallet, credit card, debit card or Reddit's Vault. Reddit has partnered with many independent artists to create over 90 designs, released alongside the marketplace’s launch. However, the total number of NFTs up for sale is in the tens of thousands.
In the event that you buy a limited edition NFT on Reddit, you're given the licensing rights to the token, which means that you have the ability to use the avatar on and off Reddit. In addition, buying one of these avatars allows you to alter its look with different merchandise obtainable within the avatar builder. As mentioned earlier, these avatars come with a glowing effect when you make a comment under a Reddit post.
Methodology
In this dashboard, we compared Reddit NFTs to other Nft collections on Polygon
I chose the following sets to compare: Zed Run Legacy, Chumbi Valley, MyCryptoHeroes, Chicken Derby, and Sandbox, and finally we compare Reddit NFTs with all other Polygon sets. For comparison, we first compared the data of the last 3 months of the above collections with Reddit NFTs, and the compared data, the number of sales, the number of buyers, the number of sellers and their averages have been displayed on a daily and overall basis. The polygon.core.fact_event_logs table is used to display the data and to filter the data event_name = 'Transfer' tx_status = 'SUCCESS' event_inputs:from != '0x0000000000000000000000000000000000000000' event_inputs:to != '0x0000000000000000000000000000000000000000' Used
First of all, a complete list of Reddit's NFT collections is available at this
View Sale Reddit NFTs info
Reddit NFT vs Chumbi Valley Official
Reddit NFT vs My Crypto Heroes
Reddit NFT vs Chicken Derby
We can see that the majority of the sales of the Chicken Derby series were achieved in the first days of its launch, but after that there is very little sales activity on the series, which decreases over time. But, on Reddit, we can see a very high trend of activity in this collection over time.
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It can be seen that SandBox has a stable chart, but in Reddit NFT, this selling activity is getting more and more over time.
Conclusion
I was able to find 61 NFT Reddit collections, which was one of Polygon's top collections
Selling activity on Reddit NFT sets has picked up after October 20th, and before that there was a mild increase in selling activity for these sets.
In the overview it can be seen that there are 61 Nft Collection where 1.2 M tokens have been minted and there are 2.8 M miners minted by 590K. In the top minters, you can see that 0x352140eb74cae24c9bee7de1884a4ac5a38bc702 with 284 mints and 0x88b7f4c5f7c225e69ff4d7946df6d71c2e5b0c7e with 200 mints
In the general diagram, you can see that 10 k have purchased 7 K tokens from 59 Nft sets. May has 46K sales and 11K sellers
The top 10 sellers are 0xd5b60a2ae59986e50a9552003b5d66c30f1a25ba with 759 sales and the top 10 buyers are 0xd5b60a2ae59986e50a9552003b5d66c30f1a25ba with 759 purchases. And The Singularity X Reddit Collectible Avatars is the most popular collection with 1540 buyers and 2479 sellers.
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Zed Run Legacy outperformed Reddit NFT sets during its 3 month launch.
Reddit NFT sales performance since its launch is much better than Chumbi Valley, MyCryptoHeroes, Chicken Derby and also SandBox collection.
Reddit NFT is doing better in attracting users compared to other project in Polygon. But the average number of sales in one day is less than other collections The average daily activity of Reddit NFT sales has been increasing quite a bit over time while the average sales statistics for other NFT pools on Polygon are almost constant.
This shows the progress of Reddit NFT in attracting traders and the improving market.
In the quarterly graph of Reddit NFT with the rest of the collections, it can be seen that it has an advantage over many collections in the average number of sellers and buyers.
The data can be checked much more clearly in the daily chart
View Mint Reddit NFTs info
Reddit NFT vs ZED Run Legacy
General information about Reddit NFTs
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In the overview it can be seen that there are 61 Nft Collection where 1.2 M tokens have been minted and there are 2.8 M miners minted by 590K.
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In the daily display of the minting routine, it can be seen that the routine team started on May 16, but this routine has increased since August 8. This chart reached its maximum on August 29.
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In the top minters, you can see that 0x352140eb74cae24c9bee7de1884a4ac5a38bc702 with 284 mints and 0x88b7f4c5f7c225e69ff4d7946df6d71c2e5b0c7e with 200 mints
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In the general diagram, you can see that 10 k have purchased 7 K tokens from 59 Nft sets. May has 46K sales and 11K sellers
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It can be seen in the weekly chart of the sale of Reddit NFTs It can be seen that the number of tokens and sales on October 24 reached its maximum with 5164 tokens and 21 k And on this date, it can be seen that the number of buyers is 6912 and the number of sales is 7287, which is the highest in this period.
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can see in the graphs below The top 10 sellers are 0xd5b60a2ae59986e50a9552003b5d66c30f1a25ba with 759 sales and the top 10 buyers are 0xd5b60a2ae59986e50a9552003b5d66c30f1a25ba with 759 purchases. And The Singularity X Reddit Collectible Avatars is the most popular collection with 1540 buyers and 2479 sellers.
🔍 Analyze
It can be seen in the daily comparison chart of Reddit NFT with ZED Run Legacy that the number of buyers and sellers in ZED Run Legacy is much more than Reddit NFT, and in ZED Run Legacy on October 29 and 30, there were the largest number of buyers and sellers, but in Reddit NFT on October 24, there was the largest number In the chart comparing the number of tokens sold on Reddit NFT with ZED Run Legacy, it can be seen that the dates that were announced recorded the highest number.
Breeding is a game element and is pivotal within the ZED RUN ecosystem. Just like the real world, you can breed two (2) racehorses together and produce a new offspring.
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In the graph comparing Reddit NFT with ZED Run Legacy, it can be seen that the initial 3-month hemlock of ZED Run Legacy was much better than Reddit NFT, and this is evident in the sales graph of the number of sellers and the number of buyers.
Chumbi Valley is an enchanting role-playing blockchain game being built on BSC & Polygon. Chumbi are adorable NFT creatures that inhabit a lush and mysterious forest valley. All in-game items and creatures are blockchain based tokens and NFTs.
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In the general comparison of Reddit NFT data with Chumbi Valley, it can be seen that Reddit NFT has experienced spring sales and has an advantage in the number of buyers and sellers and the number of sales.
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In the display of the comparative charts, it is not possible to see that Chumbi Valley has experienced good sales only in the first few days of its release and
continued to face a downward trend,
while Reddit NFT experienced an increase in sales at the end of the first 3 months.
My Crypto Heroes is a nonfungible token (NFT) game that offers players an opportunity to earn as they play. It's a massive-multiplayer role-playing game (MMORPG).
🔍 Analyze
In the comparison charts of Reddit NFT with My Crypto Heroes, you can see: In the first quarter chart of Reddit NFT has much more sales and number of buyers and number of sellers In the daily chart, you can see the number of sellers, buyers and sellers in My Crypto Heroes with a small number, but it has a constant increasing and decreasing routine, and it has not gone from low to high like Reddit NFT.
Chicken Derby is a web-based, strategic NFT racing game, where players pick their chicken, figure out what terrain it has the best chance of winning and enter it in the race to win ETH!
🔍 Analyze
It can be seen that the Reddit NFT fog has also outperformed the Chicken Derby set in the first 3 months of its launch.
We can see that the average daily sales, active buyers and sellers in Reddit NFT is much higher than Chicken Derby.
Reddit NFT vs SandBox
The Sandbox
is best known for its two smash mobile hits The Sandbox (2011) and The Sandbox Evolution (2016), which combined generated 40 million downloads across iOS and Android. In 2018, developer/Publisher Pixowl decided to bring this successful User Generated Content gaming IP and large community of creators from mobile to the blockchain ecosystem. The goal: disrupt existing game makers like Minecraft and Roblox by providing creators with true ownership of their creations as non-fungible tokens (NFTs) and reward them for their participation in the ecosystem.
🔍 Analyze
In the quarterly graph of Reddit NFT with SandBox, it can be seen that it has much more statistics in sales and the number of sellers and bearers than SandBox.
Polygon NFT Collections Vs Reddit NFT