• Reddit has launched a new partnership with the NFL to create free Super Bowl LVII NFT avatars.
• Over 1.3 million official Super Bowl LVII NFT avatars have been minted since its release on Monday.
• The NFTs are being minted on Polygon, a network built on top of Ethereum, and users can get the avatars for free.
Official Super Bowl LVII NFT Avatars
Reddit has recently partnered with the NFL to launch their official Super Bowl LVII NFT avatars. All users of the Reddit platform may get one of four different Super Bowl avatar designs including those for the Kansas City Chiefs and Philadelphia Eagles without spending a dime.
Minting Success
Since its release on Monday, over 1.3 million official Super Bowl LVII NFT avatars have been minted, with over 500,000 created on Tuesday alone. According to publicly accessible blockchain statistics on Dune, users have already minted over 9.7 million of Reddit’s Collectible Avatar NFTs overall.
Low-barrier Entry Point For Newcomers
The NFTs are being minted on Polygon, a network built on top of Ethereum that allows for cheaper and quicker transactions. This initiative is appealing since it provides a low-barrier entry point for newcomers as they only need to click a button and provide a password to set up a new wallet in order to access these free avatars.
Secondary Market Activity
So far, secondary market activity around these free Super Bowl NFTs hasn’t seen much success as they can be acquired for free from Reddit itself and thus there is no incentive to purchase them from other sources in the secondary market such as OpenSea where pricing starts at only 0.18 MATIC ($0.23). Thus far 5 ETH (~$7,600) worth of exchanges has happened in total across all platforms involving this collection of NFTS .
Conclusion
In recent months, Reddit’s Collectible Avatars initiative has provided millions of users with access to free Web3 through their convenient and efficient collection of NFTS . With the addition of their latest venture into NFL related collectibles , this trend is sure to continue even further going forward .