Big Eyes Coin aims for an NFT renaissance
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Non Fungible Tokens (NFTs) were among the hottest topics in cryptocurrency last year. The basic premise is that blockchain technology allows the purchase of a digital certificate of ownership. This “token” is unique and proves that the buyer is the rightful owner of the subject of the ticket.
NFTs were sold for millions of dollars at the height of their explosive value. The famous “Everydays: The First 5000 Days”, an artwork by Mike Winkelmann, sold for $69.3 million in 2021. This artwork is now worth much less.
NFTs have been claimed by many cryptoanalysts as a burst bubble, a failed experiment unlikely to make a comeback.
But if the past few years of cryptocurrency speculation have taught enthusiasts anything, it’s that after a bust, there’s usually a boom around the corner. NFTs, like any blockchain project, will likely be back in a big way once the rest of the crypto market stabilizes.
Three cryptocurrencies betting on this big Non Fungible comeback are Big Eyes Coin (BIG)Solana (SOL) and ApeCoin (APE).
Find out more about these three symbols and their stake in future NFT dominance by reading on.
Solana: Open for Business
Solana (SOL) has an impressive array of features: industry-leading transaction speeds, low taxes and fees, and an ever-evolving network of software and hardware that guarantees future scalability and innovation for the community.
In July 2021, Solana (SOL) debuted the NFT collection ‘Degenerate Ape’ on their platform, resulting in a huge increase in value and community engagement. Despite the decline in value that NFTs have experienced since that date, Solana has continued to increase its offering of NFTs in the marketplace, signaling its continued confidence in the concept’s viability.
Solana (SOL) has actually doubled its integration of NFTs, now offering more than 20 million unique NFTs for purchase.
The developers of this platform believe that there will be a time for NFTs to make a comeback, and they want to get in on the action early.
ApeCoin: Built to build
ApeCoin (APE) wasn’t just made for NFTs – it was born because of them. The founding team, who are all NFT holders, were inspired by the “Bored Ape Yacht Club”, an NFT collection by Yuga Labs.
Starting in March 2022, holders of Bored Ape Yacht Club or Mutant Ape Yacht Club NFTs could claim a fixed amount of ApeCoin (APE) tokens, to kick-start their involvement in the burgeoning APE ecosystem.
So intertwined are ApeCoin (APE) and NFTs that Yuga Labs, the mastermind behind the most famous and iconic NFT collection the world has seen so far, is not only a listed ApeCoin (APE) community member, but will also use APE as its primary currency for all his upcoming projects.
Big Eyes Coin: Bold Strategy
As a fresh project in its early life, Big Eyes Coin (BIG) is a household name among crypto-mads. Its pre-sale has raised nearly $9 million and counting, its tax-free transactions entice investors, and a charity wallet containing 5% of its token supply adds to the project’s environmental, social and governance (ESG) credibility.
The team behind Big Eyes Coin (BIG) has put their faith in the future of NFTs, with plans to launch an exclusive online area for Big Eyes NFT holders: “Big Eyes Sushi Crew”. NFT holders will get access to this privileged area.
In addition, the team has set itself a haughty goal: to enter the top 10 rankings for NFT value with Sushi Crew offers.
Here we have a development team that has anticipated a resurgence of NFT value and hype and has integrated it into their plans for the token.
Final thoughts
NFTs have been a controversial topic ever since they took off in a big way in 2021. All sorts of claims have been made about them, and huge waves of discourse have taken place on social media defending or condemning them.
Wherever you stand on this wide spectrum of opinion about this remarkable piece of technology, one thing is certain: they may be down, but they’re not out. As can be seen from the projects above, NFTs are not dead, they are just dormant. When they wake up, expect a big shock for anyone who has written them off.
If Big Eyes Coins (BIG) approach to NFTs have excited you, you can claim bonus tokens during the pre-sale phase of the coin using the code: BEYES910
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*This article is paid. Cryptonomist did not write the article nor has it tested the platform.
