X @Ignas | DeFi

NFT Market & Reddit's Strategy - Reddit's NFT avatar experiment, despite initial success, is ending [1] - Reddit onboarded millions to NFTs, largely unnoticed by users, utilizing the Polygon blockchain [1] - Reddit is discontinuing its crypto wallet [1] - Reddit's increased NFT releases coincided with declining demand, indicating a potential misjudgment of market dynamics [1] Consumer Adoption & Industry Impact - The shutdown represents a setback for cryptocurrency consumer adoption [2] - The industry views Reddit's failure to listen to its community as a contributing factor to the program's demise [1]