It seems that the adoption of NFTs continues to go great these days. Check out the latest reports about the issue below.
NFTs adoption continues
Crypto bank SEBA has extended its digital asset custody services to blue chip, or premium, non-fungible tokens (NFT). It seems that these are also including Bored Apes and CryptoPunks.
According to the latest reports coming from Coinbase, “The Zug, Switzerland-based bank is aiming to provide its customers with a secure service for storing any Ethereum-based NFTs without having to manage their private keys themselves.”
Some of the most expensive NFTs, such as those in the CryptoPunk and Bored Ape collections, have often fetched seven-figure sums.
It’s also worth noting the fact that there are some celebrities, including Justin Bieber, Madonna and Eminem, among the most noteworthy buyers.
CoinDesk also made sure to mention the fact that NFTs can still command prices upwards of $100,000.
NFT adoption boom
Earlier today, we were revealing that according to the latest reports coming from the online publication the Daily Hodl, new non-fungible token (NFT) avatars from popular social media platform Reddit have exploded over the past month due to mass adoption on the website.
It’s been revealed that the Reddit NFT collectible avatars based on Polygon (MATIC) have reached 2,813,700 holders, according to Dune Analytics.
Only 2 months ago, the NFT collection had 13,000 users.
One other issue worth noting is the fact that the sales volume of the collectible avatars has exploded “by 642% since October 1, from $875,000 to $6,520,000 today.”
The subreddit dedicated to the Polygon NFT project says that collectible avatars are third-party crypto wallet compatible.
Here are the notes as revealed by the online publication mentioned above:
“Since your Collectible Avatar is on the blockchain, you own it. This means you can basically do what you want with it! We’re currently building transfer functionality into the Reddit apps and website and will be completing this work very soon!”