BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Over 1 Million Super Bowl Themed Reddit NFTs Minted on Polygon

by BlockNews Team
February 13, 2023
in Business, Media, NFT, Social
A A
Over 1 Million Super Bowl Themed Reddit NFTs Minted on Polygon
1
SHARES
Share on TwitterShare on Reddit
  • Reddit recently released its Super Bowl LVII x Reddit Collectible Avatar collection in collaboration with the NFL, adding to its successful line of non-NFT digital collectibles.
  • The NFTs are free and offer unique benefits to owners on the platform, such as unique profile animations.
  • The first NFT collection, CryptoSnoos, was a massive success, generating over $12.5 million in sales volume and becoming one of the biggest Web3 onboarding events in blockchain history.

Reddit’s Collectible Avatars are back in the news. The social media platform has collaborated with the NFL for the Super Bowl LVII x Reddit Collectible Avatar collection. The NFTs are free and provide users with exclusive benefits on the forum. Redditors can choose from four types of NFTs: Eagles, Chiefs, The Champs, or LVII Super Fans collectible, and they are limited to minting one per account. At the time of writing, more than 1 million avatars have been minted.

Reddit made waves in the NFT world in 2022 with the release of its first NFT collection, the CryptoSnoos. The NFTs, based on Reddit’s mascot Snoo, were designed by independent artists and Reddit creators. The avatars allowed users to have unique profile animations and provided a CC0 license to use the avatars as they saw fit. The CryptoSnoos generated over $12.5 million in sales volume and became one of the most significant Web3 onboarding events in blockchain history.

Reddit’s Continued Experimentation with NFTs

What sets Reddit apart from other NFT platforms is its strategy of not using the term NFT in its press releases, instead opting for digital collectibles. This approach was a massive success and spawned some of the best engagement in the Web3 space.

This new collection with the NFL comes at a crucial time for the NFT and crypto space. Reddit’s rise to prominence in the NFT world was before the fall of Sam Bankman-Fried’s FTX, which caused negative sentiment toward the crypto realm. Nevertheless, Reddit’s NFT experimentation is not surprising, given its success in the fall of 2022.

Reddit appears to be taking a page from Candy Digital’s playbook by partnering with the NFL to reach the league’s fans. Candy Digital has successfully partnered with Major League Baseball and MLB Players Inc. for their Web3 initiatives, partly because they also avoided using the term NFT.

NFTs are a revolutionary technology that allows for the ownership and verification of digital assets, such as art and collectibles. They use blockchain technology to assign a unique and non-fungible digital signature to each item, making it a one-of-a-kind purchase.

A Precarious Time for NFTs and Crypto Space

The popularity of NFTs has skyrocketed in recent years, with the market growing to hundreds of millions of dollars in sales. Some of the most significant deals include Beeple’s “The First 5000 Days” digital art, which sold for $69 million at a Christie’s auction, and Grimes’ “WarNymph” collection, which sold for $5.8 million.

However, despite their potential, NFTs have received backlash for their potential for exclusivity. The high prices of NFTs have led to criticism that they cater only to the wealthy and exclude a large portion of the population. This exclusivity has led to concerns that NFTs may contribute to the widening wealth gap and further marginalize specific communities.
Despite these criticisms, Reddit’s Collectible Avatars demonstrate the potential of NFTs to provide unique benefits and bring communities together. By offering free NFTs with platform benefits, Reddit is making NFTs accessible to a broader audience and positively promoting their use.

Tags: $MATICNFLNFTpolygonreddit
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

Doodles Launches DOOD Token on Solana with Major Airdrop: Here is What You Missed
Crypto

Doodles Launches DOOD Token on Solana with Major Airdrop: Here is What You Missed

May 9, 2025
Everything You Need to Know About $DOOD: A New Era for Doodles and Its Ecosystem
Crypto

Everything You Need to Know About $DOOD: A New Era for Doodles and Its Ecosystem

May 9, 2025
Everything You Need to Know About Doodles Upcoming DOOD Token
Crypto

Everything You Need to Know About Doodles Upcoming DOOD Token

May 7, 2025
Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?
Business

Google Stock Tumbles Over 9% Amid Apple’s AI Search Plans: Is This a Buying Opportunity?

May 7, 2025
Meta’s Reality Labs Reports Massive $4.2 Billion Q1 Loss: Should Zuckerberg Give Up Hope?
Business

Meta’s Reality Labs Reports Massive $4.2 Billion Q1 Loss: Should Zuckerberg Give Up Hope?

April 30, 2025
Circle Rejects $5 Billion Acquisition Bid From Ripple XRP: Here is Why
Breaking News

Circle Rejects $5 Billion Acquisition Bid From Ripple XRP: Here is Why

April 30, 2025
Load More

Related News

HBAR Price Rebounds, Hits Highest Point Since March

HBAR Price Rebounds, Hits Highest Point Since March

May 10, 2025
Meme Coins Steal the Spotlight as Ethereum Surges

Meme Coins Steal the Spotlight as Ethereum Surges

May 10, 2025
Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

Sui (SUI) Gains 10% Amid Market Optimism — But Is a Selloff Looming?

May 10, 2025
TRON’s USDT Dominance Grows as Whales Tighten Grip

TRON’s USDT Dominance Grows as Whales Tighten Grip

May 10, 2025
Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target

Cardano (ADA) Rides 16% Uptrend, Eyes $1.20 Target

May 10, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Newsletter
  • Advertise
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin Meme Coin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.