3 NFT projects worth your time sailing The OpenSea: Big Eyes, Axie Infinity and Bored Ape Yacht Club
NFT stands for “Non-fungible Token.” Something that is non-fungible is distinct and unique; it consists of constituents that are not interchangeable. There are many projects using NFTs that have a very strong potential to make significant gains in the next bull run. Here are 3 NFT projects worth checking out – Big Eyes (BIG), Axie Infinity (AXS) and Bored Ape Yacht Club.
Jump aboard the Bored Ape Yacht Club
Bored Ape Yacht Club is an NFT project launched by Yuga Labs where investors can purchase a uniquely styled monkey figure NFT. Bored Ape Yacht Club split the seas and polarized the public – people either hate them and think the NFTs are a useless scam, or people love them and will pay up to £3.4 million for a single NFT.
But while most criticize the project for simply paying too much for a digital image you can screenshot, the focus of the Bored Ape Yacht Club is community events. Apefest is an exclusive event for Bored Ape NFT owners only, featuring free food and drink and musical performances from artists such as Eminem, Snoop Dogg, Future, Lil Wayne, The Roots and Lil Baby. Apefest takes place every year, a star-studded Soho House event with many celebrities in attendance. That’s one of the incentives to owning a Bored Ape, a VIP ticket to connect with other people with similar interests.
if you believe in the cultural value of Bored Apes and cannot afford to invest in an NFT, investing in ApeCoin (APE) is a great option to stay involved in the project. Bored Ape Yacht Club uses ApeCoin as its governance token, and to get involved in the APE ecosystem. ApeCoin was launched by the Ape Foundation, an organization separate from Yuga Labs.
Axing’s way into the game: Here’s Axie!
A common criticism of NFTs is that they have no inherent utility. One of the most popular P2E games right now is Axie Infinity (AXS) – an Ethereum-based game where players collect, battle and trade NFT creatures called Axies. Acquiring better NFTs will drastically improve your chances of winning more games competitively, and earning prize money through tournaments and eSports.
NFTease: Big Eyes To Launch NFTS Soon
Big Eyes (BIG), an upcoming meme coin, aims to dethrone Dogecoin (DOGE) and become one of the most talked about meme coins this year. It has yet to launch the NFT part of its project. However, the launch of the NFT project is fast approaching, as Big Eyes is currently sailing through the pre-sale, with $9 million raised so far! The addition of NFTs to Big Eyes will add even more value to the project, as people will be able to purchase and own a unique cat. Much like the Bored Apes Yacht Club, Big Eyes’ NFTs will act as entrances to exclusive events. Big Eye’s NFTs are a natural extension of their heavy focus on community building.
The first planned NFT project is Big Eyes going to sea, a very fitting piece of art as Big Eyes ventures into the NFT market, OpenSea for the first time. But this emphasis on the sea is also linked to Big Eyes’ deep care and concern for the natural environment. Big Eyes is a meme coin with a big heart, a key operating cornerstone that a cryptocurrency gives back to the world and to society. 5% of all tokens will be stored in a visible charity wallet, with a focus on donations to ocean conservation charities. In addition, Big Eyes regularly donates to other charities, such as Luna Children, the most recent being $1,000 to PetsforVets, a charity that matches animals from shelters with military veterans.
While there is no tax on Big Eyes token purchases, there will be a 10% tax on the NFTs. The original seller will receive 4%, the holders will receive 5%, and the remaining 1% will go to charity. This doesn’t sound like much on paper, but across many different purchases, 1% will have raised a hefty sum to be given to charity.
Final thoughts
Many dismiss NFTs as a useless fad, but in reality, many projects are taking full advantage of blockchain technology to create innovative use cases for NFTs, from creating Pokémon-style creatures as NFTs, giving back to the world through charitable donations, to bring communities together with exclusive events.
Big Eyes Coin (BIG)
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