The cryptocurrency industry suffered a major setback in 2022 due to the bear market and the NFT market was no exception. It resulted in a sharp decline in sales, attrition of key figures, and a reluctance by consumer brands to introduce their non-fungible products. However, the new year has brought some hope for the industry.
The $32 billion FTX crash in November 2022 impacted and set the tone for downward momentum across the industry. However, since the beginning of 2023, investors have found new hope as Bitcoin (BTC) and Ethereum (ETH) have increased by approximately 70%. In addition, the NFT market has also witnessed a trend jump with data from January showing that the global NFT sales volume had increased by 43%.
Despite the bear market in 2022, the NFT market has shown resilience and the trend is not expected to continue. The new year has brought renewed hope to the industry, and investors expect a positive outlook for NFTs in 2023.
Big Eyes Coin (BIG), having recognized the potential and impact of NFTs on the industry, is one of the best examples of a meme token that builds a self-propagating blockchain ecosystem for hyper-growth using NFTs.
The Power of NFTs in Cryptocurrency
Non-Fungible Tokens have existed in the cryptocurrency industry since 2014 and are defined as digital assets that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, often with cryptocurrency, and are generally encoded with the same underlying software as many cryptos.
As is the case with cryptocurrency as a whole, NFTs are also gaining popularity now because they are becoming an increasingly popular way to buy and sell digital artwork. By 2021, the NFT market was estimated to be worth a staggering $41 billion, an amount that could possibly be the total value of the entire global art market. NFTs exist on a blockchain and are usually held on the Ethereum blockchain, although other blockchains also support them. An NFT is created, or “stamped” from digital objects that represent both tangible and intangible objects.
Big Eyes Coin – NFT collection ahead of live launch
Big Eyes Coin (BIG) is an ERC-20 meme token created on the Ethereum network, and since the launch of the presale, the token has received a lot of attention from meme coin enthusiasts, especially among those who are fond of cats in the crypto industry.
The main goal of Big Eyes Coin is to move the community’s wealth into the Decentralized Finance (DeFi) ecosystem. And in its latest initiative, the project is rewarding its loyal customers with a new selection of Non-Fungible Tokens (NFT) mintable on the Ethereum blockchain. These NFTs can be obtained by opening Loot Boxes, which contain customized and unique cards that can be minted as NFTs. In addition, users will also receive STORE tokens when they open the Loot boxes. Each card can only be minted once, making them a valuable and exclusive addition to any collection.
The NFT collection will be listed on Opensea, an Ethereum-based NFT market. The minting cost of each NFT is 0.05 ETH, which is a reasonable price for collectors and traders on the platform.
The meme token presale is in its final stages and has so far raised $32.92 million in presale tokens. During this phase, the project has a bonus code, ‘BULLRUN250’, which gives users a massive 250% bonus on top of a BIG token or Loot Boxes purchase.
Big Eyes Coin’s Loot Boxes is an ongoing game feature that gives users a maximum return of 5000%. The feature consists of five different loot boxes namely Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box and Excali-Paw Master Chest. Each box can be opened for a specific price ranging from $10 to $10,000. Buyers must spin the loot box of their choice for a maximum prize of $500 to $1,000,000 worth of STORE tokens. However, even if a loot box does not result in any prize, the buyer is guaranteed to receive back money wagered at a minimum.
NFTs are essentially like physical collectibles, only digital and Big Eyes Coin has created a unique community that has attracted many crypto enthusiasts with its focus on DeFi and creative NFT offerings. The project’s ongoing Loot Boxes feature is an exciting opportunity for collectors and traders to participate in the BIG token ecosystem while potentially earning significant returns.
Find out more about Big Eyes Coin (BIG):
Advance sales:
Website:
Telegram:
