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Why has Reddit sold over $10 million with its CryptoSnoos NFTs?

The popular website Reddit, known as the gateway to the internet, has a curious collection of NFT avatars called CryptoSnoos NFT.

By RagunathPublished about a year ago 4 min read

The name comes from Snoos, the platform’s official mascot, a smiling alien that all redditors (Reddit users) identify with. It is a huge collection of NFT development solution avatars generated by the different artists that live on this web platform and that users have at their disposal. The creativity and talent of these artists has generated small collections of curated avatars, with a unique style and respecting the rules established by Reddit for their generation.

NFT Reddit CryptoSnoos

The idea of ​​the project is to give Reddit users access to unique avatars within the platform. In this way, they can use them to represent them within it and as a digital collectible piece within the blockchain world

Reddit is an experimental network. His idea of ​​building communities that bring together people interested in specific topics, that are self-moderated and that allow a wide space for discussion and knowledge, have made Reddit one of the main places on the Internet. nft development service In fact, it is in the top 10 of the most visited websites.

Added to the innovative character is the enormous respect of its creators for one of the pillars of Reddit: freedom to navigate and discuss all its community spaces.

The enormous respect of its creators is also added to one of the pillars of Reddit since its inception: you have the freedom to navigate and discuss through its community spaces, something that by the way it shares with its nemesis: 4chan. The “4chan vs Reddit Wars” have generated, in addition to cryptocurrency memes. This is the case of Dogecoin, whose origin dates back to a war between the users of both websites, giving rise to one of the 10 largest cryptocurrencies.

You can create NFTs without leaving Reddit

Reddit has been interested in the crypto world for some time and the possibilities that the integration of cryptocurrencies can bring you. This is how CryptoSnoos NFTs arise. The project was born in July 2022, but its growth has been so great that it can already be considered a success.

The price of these NFTs varies between $10 and $100 for the most common ones, but can go up to 175 ETH for the rarest CryptoSnoos. When we talk about rare, we mean the only NFT with specific characteristics, which makes it a true collector’s item among all the avatars created.

To generate the NFTs, you don’t have to go very far, as Reddit has the necessary tools for it. Known as Avatar Builder , this service created in 2020 to generate non-NFT avatars, has become a fully integrated OpenSea NFT generation platform. In this way, each avatar generated within Avatar Builder automatically becomes a piece available within OpenSea for sale.

Buy CryptoSnoos on OpenSea

Thus, the perfect place to buy CryptoSnoos NFTs is OpenSea, which guarantees risk-free operations and that you will be able to freely trade the NFT once it is in your possession. The integration with the Ethereum network allows buying your CryptoSnoos to be as easy as going to OpenSea with your MetaMask wallet, browsing its library and choosing the avatar that you like the most. Of course, they can also be obtained on other networks such as Polygon.

In the NFT world, the success or failure of a collection has more to do with the quality of the collection than with whether it is powered by a famous site. That is where the success of the CryptoSnoos and Reddit’s commitment lies. Reddit’s creators know that their platform is full of talent, and one way to utilize that talent is by allowing creativity. The CryptoSnoos are an example. Many of the artists have created limited collections of high quality. Not only are the collections varied, but each avatar in said collections is also unique.

More active users than OpenSea

Thus, all that talent available on Reddit has provided income for creators and for the platform. A win-win that has quickly translated into high-quality collections, most of which are currently sold out. Reddit’s greatest achievement in this bid has been to surpass OpenSea in the number of wallets with active NFTs , something that very few platforms have achieved. There are an estimated 3 million+ active Reddit NFT development company as Vaults on the platform, surpassing OpenSea’s 1 million active users and its 2.3 million registered active wallets, according to data from Dune Analytics . Thanks to this data, Reddit CryptoSnoos NFTs have sold more than 10 million dollars in the last 3 months, defying the crypto winter and the general fall of NFTs.

Popular CryptoSnoos NFTs Collections

Foustlings x Reddit Collectible Avatars is one of Reddit’s best-selling collections, with over 780 ETH in transaction volume. Created by redditor, Tyler Foust, the collection features Snoos in his signature style of scribbled lines surrounded by vibrant colors.

Other recognized collections are Spooky Season: poieeeyee x Reddit Collectible Avatars and Spooky Season: Rojom x Reddit Collectible Avatars . These are two Halloween-themed collections of almost 2,000 Snoos, created by Redditors Poieeeyee and Rojom, respectively. Poieeeyee’s collection unseated CryptoPunks from the number one spot on OpenSea’s Top 10 list by 24-hour trading volume.

Without a doubt, this is surprising data for a collection of NFTs that has not received external promotion, such as BAYC or CryptoPunks. The success of Reddit’s NFT collection underscores the power of the community. As of October 2020, Reddit had 52 million daily active users.

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