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How Reddit's blockchain-based Collectible Avatars, which avoid the NFT label, became popular; Polygon data shows the total sales volume was $10M+ by November 2

At 2:59 p.m. ET on Oct. 20, when Reddit announced its second generation of collectible avatars, Ethan Clark was ready, phone in hand.

Fortune

Discussion

  • @leomschwartz Leo Schwartz on x
    Reddit defied the Crypto Winter and created a $10 million market for customizable avatar NFTs, all while avoiding crypto jargon. For @FortuneMagazine, @marcoquiroz10 and I spoke with users to figure out how they pulled it off and what might come next: https://fortune.com/...
  • @alexisohanian @alexisohanian on x
    Thanks @FortuneMagazine — credit to the team who brought the avatar-creator on-chain, that was the massive unlock. There were a few people laughing at the idea when I shipped v1 over a decade ago, but builders gotta build 🤷‍♂️ https://fortune.com/... https://twitter.com/...