Reddit Now Has More NFT Wallets Than the OpenSea Marketplace

A majority of Reddit Vault wallets were created just for NFT avatars. A total of 3 million wallets have now been created on the Reddit Vault. Reports are emerging that eight out of ten Reddit Vault wallets were created following the introduction of NFT avatars. The information was revealed during a TechCrunch Disrupt conference panel. Reddit chief product officer Pali Bhat was one member of the panel who said that over 3 million Redditors had used Reddit’s Vault wallet to create crypto wallets. Bhat also pointed out that 2.5 million of those wallets were created to purchase NFT avatars. What’s interesting is the fact that the market’s biggest NFT marketplace, OpenSea, only has 2.3 million active wallets. That means Reddit potentially has more active wallets than OpenSea.

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