In July, Reddit jumped on the NFT train, launching an NFT-based marketplace that allows users to purchase blockchain-based profile pictures for a fixed rate. Given the general sentiment around NFTs today, you might assume -- like me -- that the experiment ended poorly. But the opposite's the case apparently.
Today during a panel at TechCrunch Disrupt, Reddit chief product officer Pali Bhat revealed that over three million Redditors have used Reddit's Vault blockchain wallet to create over three million crypto wallets to date. Most of those -- 2.5 million -- were created to purchase NFT avatars that can be used as profile pics on the platform, he said.
It's difficult to put the figures into context, given that not all NFT marketplaces willingly share those sorts of metrics. But Dune Analytics estimated in a recent report that one of the leading platforms, OpenSea, was hosting over one million active wallets as of January. Meanwhile, crypto wallet MetaMask was serving over 30 million...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...