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- Polygon surpasses Solana in NFT sales volume.
- Reddit unveils its third generation of NFT collections.
Polygon, the decentralized scaling solution for Ethereum, has surpassed Solana in terms of NFT sales volume. Polygon now occupies the second position, while Solana is in third place. Ethereum remains in the leading position in the sales volume hierarchy.
Polygon’s sales volume is approximately $2,469,752, reflecting a 133.06% increase over the past 24 hours. In contrast, Solana’s trading volume stands at around $2,368,436, with a rise of 33.79%. This signifies the onset of a cultural revolution on-chain driven by Polygon.
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Reddit launches its NFT collection on Polygon
Subsequently, the social media platform Reddit has released its NFT collection on Polygon, showcasing thousands of NFTs created by over 100 artists. Reddit has introduced its third generation of the NFT collection, notably broadening the scope of artist collaborations.
Its earlier collections were launched on the Polygon network in June 2022. Following that, Reddit released numerous collections in the ensuing months, generating considerable interest and attracting over 7.3 million unique wallets.
The new third-generation (Gen 3) collection aims to build upon the initial offerings with a significantly larger artistic output, featuring over 100 artists in the first two collections of Gen 3. The collection is designed to draw in a substantial base of collectors.
Reddit’s influence on the NFT landscape has been widely acknowledged over the past year for its focus on artistry and for engaging a new web3 audience. Concurrently, Polygon has surpassed Solana to achieve the second-highest position in NFT sales volume. Reddit’s latest launch signifies its ongoing prominence in the NFT sector, with its success heightening competition within the NFT marketplace.
