At a recent TechCrunch Disrupt conference panel, Reddit chief product officer Pali Bhat revealed that over 3 million Redditors had used Reddit’s Vault Wallet to create crypto wallets.
To put that into perspective, NFT’s biggest marketplace OpenSea is speculated to have only 2.3 million active wallets. This means that Reddit potentially has more active wallets than OpenSea.
Bhat pointed out that a majority of the Vault wallets were created to purchase NFT avatars. Reddit released avatars a few months ago, though they are no longer available. Reddit has however teased upcoming Halloween-themed NFTs.
Read Also: Reddit’s Collectible Avatars NFTs Fetch High Prices on OpenSea
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
