• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, May 20, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

Reddit surpassed OpenSea in NFTs collections

by Indrajeet Giram
October 20, 2022
in Crypto, Markets, Tech
Reading Time: 2 mins read
0
Reddit surpassed OpenSea in NFTs collections

Reddit surpassed OpenSea in NFTs collections

TwitterWhatsappLinkedin

Around 3 million digital wallets have been created with the help of Reddit Vault. This number comprises 8 out of 10 total digital wallets made with the help of the Reddit vault. In this value proposition, Reddit has surpassed OpenSea, which is a popular NFTs marketplace. As Reddit now has 2.5 million active NFT wallets against 2.3 million wallets with OpenSea.

You might also like

Beyond Automation: How AI Reshapes Work and Time

AI Chatbots in 7,000 Workplaces Show No Significant Impact on Earnings or Hours

Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

OpenSea Reimburses Over $1.8M to Users Following Cyber Attack
source : economictimes.com

What is Reddit?

Reddit is an American news aggregator and community platform used to communicate and share different pieces of information amongst others, the social media and networking building company was formed in 2005 by three founders namely Steve Huffman, Aaron Swartz, and Alexis Ohanian.

The company operates mainly in content rating, and discussion platforms along with social news aggregators. The platform is a self-moderated platform where all the content is moderated by the community owners and company policies do not intervene in these moderation or similar activities on the platform.

Reddit Surpasses OpenSea in Regards To Energetic NFT Budgets
source : livemint.com

 

What is NFTs?

Nfts are a type of digital asset which are non-fungible tokens, which can be sold and purchased like shares. The identical factor of NFTs is that once they are created they can not be copied or recreated and they are the only pieces like identical artistic pieces. These NFTs are made with the help of blockchain and this digital technology use makes them more technically robust and identical in structure.

All the trades and the Allred operations of the NFTs are stored in the blockchain and this helps to make it apart and non-duplicable operations. The market for NFTs got much of the attention and popularity from 2020-2021, with trade increasing to 17$ billion in 20201, from the small scale of $82 million in 2020.

These forms of investments are also considered as the source of speculative investments and often come under criticism under environmental causes of carbon foot-printing, for the use of excess energy for their use and moderation into the process.

Who is opensea?

Opensea is a New-York based non-fungible token aggregator founded in 2017. The platform provides the purchase, sale, and auction of NFTs with global operations. The company also announced the options of bulk buy and sell in their recent release with over 30+ categories in their marketplace.

As the craze of digital investments faded away with the sudden fall of cryptocurrency and other digital asset prices the online platform reduced user percentage draping by 99% by the end of august 2022. apart from NFTs, the company has been acting as a digital wallet for cryptocurrencies like Ethereum, Solana and many more.

Tags: #bitcoin #Square Inc.#Ethereum FoundationCryptocurrenciesNFT'SopenseaReddit
Tweet54SendShare15
Previous Post

In Interview with Anshul Goenka, CEO & Co- Founder, Quickshift

Next Post

Warren Buffett’s backed digital bank, Nubank launched their own Cryptocurrency in Brazil

Indrajeet Giram

📚 Avid reader 🔋constant learner curious analyzer @ everything 📝Business & Economic Journalist ✍️

Recommended For You

Beyond Automation: How AI Reshapes Work and Time

by Sneha Singh
May 20, 2025
0
Beyond Automation: How AI Reshapes Work and Time

New research examining Denmark's labor market reveals that generative AI tools like ChatGPT have had virtually no measurable effect on wages or employment so far, challenging predictions of...

Read more

AI Chatbots in 7,000 Workplaces Show No Significant Impact on Earnings or Hours

by Sneha Singh
May 20, 2025
0
AI Chatbots in 7,000 Workplaces Show No Significant Impact on Earnings or Hours

Despite their rapid adoption across white-collar industries, AI chatbots are saving workers just 3% of their time on average, according to new research from the National Bureau of...

Read more

Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

by Harikrishnan A
May 19, 2025
0
Sesame Street Finds a New Home on Netflix with Fresh Episodes, Classic Content, and More

A fresh chapter is about to begin for Sesame Street, the iconic children’s program that has helped generations of kids learn their ABCs and 123s. Netflix has officially...

Read more
Next Post
Nubank launched their own Cryptocurrency in Brazil

Warren Buffett's backed digital bank, Nubank launched their own Cryptocurrency in Brazil

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?