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Reddit Launches Cool Cat Avatars
Another day, another successful avatar mint
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Here is the breakdown of today's newsletter:
π₯ Reddit Gen 4 Avatars
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/8b20ef6a-1496-4286-baae-c96a40790c01/What_s_Dropping.png)
Snoop Dogg just launched an ice cream flavor fronted by his Bored Ape "Dr. Bombay". (BB)
Kraken recently updated its website to a new and more user-friendly design. (K)
Fashion Brand Gucci plans to reward NFT holders with physical clothing drops. (@crypto_kermit)
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Cool Cats π€ Gen 4 Reddit Avatars
Without question, Reddit is one of the most successful Web2 companies to potentially onboard millions of people into web3.
π‘ Some of the numbers
18 MILLION - yes that is the amount of minted avatars there are in existence to date.
$388 MILLION - the amount that Reddit NFT avatars have generated in sales.
π§ Gen 4 Drop
Yesterday, Reddit did it again with their Gen 4 drop labeled βRetro Reimaginedβ but this time they switched things up a bit.
Reddit featured artists from the Cool Cats collection (Clon), Micah Johnson (Aku Dream), Chris Torres (Nyan Cat Creator), and several others to come out with a foray of new avatars in their respective themes.
The prices ranged from $2.49 to $199.99 a piece at the time of writing most have sold out (as you can see below).
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Probably the most intriguing video we have seen in a while. WORTH THE WATCH!
Market cap of top NFT projects over time (August 2021 to July 2023):
β wale.swoosh π³ (@waleswoosh)
12:07 PM β’ Jul 25, 2023
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