GM DOers!
It’s time for your Weekly Rollup and boy do we have a spicy Saturday of web3 innovation lined up for you.
We’re breaking down:
- The chart of the week—a new addition to the Rollup where we break down one important metric. This week it’s Reddit NFT adoption 📈
- Blur’s counterpunch to OpenSea’s royalty enforcement smart contracts 👊
- Coinbase improves wallet safety & others should follow 🔒
- Pharmaceutical giant Pfizer joins a DAO 😮
- Tool of the Month. Hint: They’re a popular tool for token-gating Discord access. 🪙
Let’s dive in.
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🟣 CHART OF THE WEEK
Reddit Has 2x More NFT Users Than the Entire NFT Market
With the growing interest in on-chain data, every week we’ll be highlighting a significant on-chain chart that we believe you should be aware of.
This week, we’ll be covering the rapid adoption of Reddit NFTs.
As of January 30, 6.5m wallets have purchased a Reddit NFT. In comparison, 3.4m wallets have purchased an NFT across all EVM-compatible chains.
On Reddit, the large majority of these wallets are unique users since they have to “qualify” to mint the NFTs. However, we can safely assume that not all EVM wallets are unique users because anyone can create as many wallets as they like.
The takeaway here is that Reddit likely has more than 2x the number of NFT users than the entire EVM-compatible NFT market. 🤯
