Reddit’s NFT mintage hits a new record high

Reddit’s non-fungible token (NFT) collection reached another milestone on December 3 with a record 255,000 of its “avatars” minted in one day.

The new minting record surpassed the previous all-time highs of August 30 and 31, in which just over 200,000 Reddit avatars were minted each day.

NFTs are primarily used on the social media platform as avatars for users and are created by a number of independent artists using the platform.

At the time of the collection’s release in July, it was widely seen as a way to drive mainstream adoption of blockchain technology, as Reddit refrained from using cryptocurrency to purchase the avatars, opting instead to call them digital “collectibles.” NFT.