Since the launch of Reddit’s NFT marketplace in July, users have created over 2.5 million crypto wallets on the platform .Reddit claims 50 million daily active users and over $350 million in earnings last year, so its foray into Web3 could bring in more revenue. To purchase and store tokens on the social network’s NFT marketplace, users must first create a Reddit Vault Wallet. The wallet enables users to manage community points that are stored on-chain and can be used for a variety of in-app purchases.
