Big eyes to move towards ApeCoin and Ethereum in NFT trading – CryptoMode
Non-Fungible Tokens, or NFTs, are multimedia content converted into tokens that have a certain value, depending on where they were created and the purpose they will serve. Since their widespread adoption in 2021, NFTs have been an integral part of the cryptocurrency market, causing huge trends. Many coin projects support NFT creation on their platforms, as NFTs produce huge user traction and are useful for many purposes. No wonder, the new entrant, Big Eyes (BIG), will present a huge NFT club as they look to compete with established platforms like Ethereum (ETH) and ApeCoin (APE). Follow along as we briefly review these tokens and their place in the NFT trade.
Ethereum (ETH) The second largest crypto
The Ethereum (ETH) network as we have it today was developed after a whitepaper announcement in 2013 and launched in 2015. It has since become a massive project in the cryptocurrency market, ranking second only to Bitcoin.
Ethereum (ETH) runs on a proof of stake protocol after the mid-September merger upgrade. The transactions are authorized by smart contracts, in accordance with the decentralization goal of the network. The platform experienced challenges with slow transaction processing and high network costs, which led to the development of several other projects such as Polygon and Binance.
The blockchain has a wide range of applications, most created by users in line with the Ethereum (ETH) protocol. DeFi solutions such as DApps, DEXs and games exist on the network, along with a well-developed NFT marketplace. The NFTs contribute significantly to Ethereum’s popularity among users across the crypto space, as the various NFT marketplaces accept ETH as a primary payment option.
The crypto collapse has caused a massive bearish trend since February 2022, affecting most coins, including Ethereum (ETH). It is now selling for $1,337.05, according to CoinMarketCap.
ApeCoin (APE) The largest NFT community
ApeCoin (APE) was launched in 2022 by the Bored Ape Yacht Club as a token for their Metaverse space, where it serves multiple functions, from NFT trading to administrative positions. Bored Ape Yacht Club is one of the largest NFT communities in the world, making ApeCoin (APE) a significant token in the NFT space.
ApeCoin (APE) is an Ethereum-based coin used in the APE platform by its holders to make decisions about the platform’s protocols. The platform is completely DAO since the members have full control over the affairs. ApeCoin (APE) is also used to enter the game modes, where users pay to play and pay for NFTs and other services and products available on the network.
ApeCoin (APE) has been declining since its launch in March due to the sharp downtrends the cryptocurrency market has experienced. CoinGecko lists it at about $5.31 at the time of writing.
Big Eyes (BIG) The New Meme Coin
Big Eyes (BIG), the latest memecoin project, has plans to create a highly competitive NFT club. The developers have planned the official launch for the third phase of the pre-sale, while phase two will include a release of snippets for the community.
The NFT marketplace will significantly increase the token’s cryptocurrency price and increase its popularity among users. The anticipated NFT club will draw users from other networks to the Big Eyes (BIG) platform, as the club will enable NFT creation, sale and exchange. The Big Eyes (BIG) development team also promises that all transactions in the NFT club will be free, which will surely attract most users.
Already, Big Eyes (BIG) is gaining traction due to its latest social media stunt. Through the official Twitter handle, the developers announced a 250,000 token giveaway for ten winners by December. The competition is ongoing, but the draw will take place much later. To be eligible, you need to buy some LARGE tokens and hold them until they draw. First place gets 100,000 tokens, while the other nine split 150,000 BIG between them.
Big Eyes (BIG) is another project in the cryptocurrency market. However, pulling out all the stops to create a presence for oneself is not without evidence.
Big Eyes Coin (BIG)
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