Author: Rashidat Ayobami

Reddit NFT has recently received a spike in transactions with cumulative sales of $218,145 in 24 hours. The total sales volume is now USD$10,061,261. Screenshot from Dune/polygon analytics. According to Reddit executive, Pali Bhat, new NFT wallets from close to 3 million users have been recorded with a great percentage of these users being new to the NFT sector. Out of these nearly 3M users, 2.5M+ were holding the Reddit avatars which were launched in July. @polygon_analytics / Reddit Collectible Avatars Holders The Dune and polygon analytics also confirmed this trend. The trading volume of Reddit is seen as a…

After bitcoin was launched more than a decade ago, the only means to trade our digital currency was via peer-2-peer on the Bitcoin talk forum. Although the method is not too safe, bitcoin is worth next to nothing. No one knew the price would surge to this present one. Blockchain came with many transformations. We now have more reliable and highly regulated Centralized cryptocurrency exchanges. Trading with these exchanges is much safer. They facilitate and execute several billions of dollars worth of crypto trading daily. These exchanges comply strictly with laws such as Know Your Customers Law(KYC), Anti-money laundering laws,…

As NFTs are having deep roots in the entertainment industry, everyone from former Disney CEO Bob Iger of Fox Entertainment to actors Reese Witherspoon and Mila Kunis claim ownership of their NFTs. Even Paris Hilton, Jimmy Fallon, and others are not exempted. Non-Fungible Tokens which have conquered many aspects of creativity ranging from digital art, to gaming and music have gained deep roots in the creative medium and are now making a significant presence in the world of film and television this year. Entertainment sectors are using this innovative way to engage their viewers more, raise more funds and as…