NFTs Are Not Dead: A Crypto Case Study on Big Eyes Coin and ApeCoin
With a constant rise in value and popularity, NFTs have now begun disruption across industries worldwide. Industries are proactively adopting NFTs or working to adopt them in the future. Coca-Cola, Adidas, Budweiser and more have come up with their own digital assets.
Back in 2021, when NFTs took off, many called it a bubble. A bubble is an economic cycle that is characterized by rapid escalation of market value, especially in the price of assets. Well, in that case, even the internet was called a bubble back in 1999. Fast forward to 2022: the world would collapse without the internet. After a sharp fall in the market, NFTs are making a strong comeback.
Big Eyes Coin (BIG) comes with NFT sushi crew, its own NFT collection. And ApeCoin (APE) has started betting from December 2021.
The ApeCoin Universe
One of the most popular NFT ecosystems out there, the APE Foundation has made a mark in the NFT industry. With its original token APE, it has sold millions worth of NFTs from the collection – Bored Ape Yacht Club (BAYC). Cultural icons such as Snoop Dogg, Eminem, Rihanna and many more own a Monkey NFT.
By changing the cultural landscape through its NFTs, ApeCoin has also started betting. In a simpler way, staking can be understood with respect to a traditional bank savings account where the user receives interest over time for keeping their money in an account. So users who previously invested in ApeCoin can lock tokens to earn interest on them.
Big Eyes Coins Sushi Crew
Collecting more than $11.8 million in pre-sales is no joke. Although Big Eyes Coin is a meme coin, investors have shown a lot of promise in its viability and utility. Apart from being a community-driven DeFi (decentralized finance) token, Big Eyes Coin has ‘big’ plans for an NFT ecosystem.
The cute-eyed cat token, currently in stage seven, will launch a fully functional and integrated NFT club where STORE token holders can easily exchange digital assets. In addition, the BIG community will launch ten NFT projects in its collection Sushi Crew. Why sushi, you ask? The BIG cat loves to eat sushi every day. For that reason, the token will donate 5% of wallet profits to charities to save the fish.
Big Eyes Coin is designed and curated very carefully. NFT projects that have meaning behind them have done exceptionally well in the past. With so much junk being sold on marketplaces, investors are confident that BIG NFTs will prove to be game changers in the industry.
Final thoughts
NFTs are not dead. This fact can be confirmed by ApeCoin’s staking initiative and Big Eyes Coin’s massive pre-sale success. NFTs are constantly changing the way we communicate and interact. The cutting-edge digital technology has already changed the art industry, and now it’s set to rule the gaming, film and meme coin industries.
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