CoinDesk published this video item, entitled “Reddit Avatar Tokens Set Minting Record” – below is their description.
Collectible Avatars, a set of art tokens based on the Polygon blockchain by social network Reddit, set a minting record of more than 255,000 unique avatars on Saturday, data queried by Dune Analytics shows. “The Hash” hosts discuss the latest in the world of NFTs.
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About This Source - CoinDesk
CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group.
A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the accuracy and security of a record of data and generates trust without the need for a trusted third party.
Polygon (previously Matic Network) is a platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
The $MATIC token plays a role in securing the system and enabling governance.
Reddit is a social news aggregation, web content rating, and discussion website. Registered members submit content to the site such as links, text posts, and images, which are then voted up or down by other members.