Out of the sandbox, Axie Infinity and Big Eyes Coin, which crypto platform had the biggest impact on the NFT sector?

by James · December 3, 2022

The Metaverse sector of the crypto market has seen its fair share of ups and downs. It declined in user base and market capitalization with the rest of the crypto market through 2022, leading many to seek other investment opportunities such as meme tokens. However, Decentraland (MANA) and Axie Infinity (AXS) are starting their recoveries, reporting solid gains over the past week.

Decentraland and Axie Infinity have impacted the NFT sector so far, with multiple collections yielding significant returns for holders. Big Eyes Coin (BIG) looks to replicate the success of these platforms in the NFT sector, providing an NFT collection that could reach the top ten projects. Let’s find out more about these platforms’ contribution to the NFT market so far.

Table of Contents

Big Eyes Coins long awaited journey in the crypto market

Like a moth to a flame, Big Eyes Coin attracts new users in a myriad of ways. The new platform has made several promises that could facilitate growth for the DeFi ecosystem. While facilitating growth for the DeFi ecosystem is a crucial part of Big Eyes Coin’s journey, the platform will also include sustainability in its mission.

Sustainability will come in several forms for Big Eyes Coin, the most prominent being the charity wallet that holds 5% of BIG tokens. The Big Eyes Coin team will make regular contributions to ocean conservation efforts, including plastic pollution and the well-being of marine life.

As mentioned above, Big Eyes Coin will host an NFT collection. While most NFTs are just something fun to look at, Big Eyes Coin will introduce utility to NFTs, allowing the community to use them as passes to exclusive events and parties, including the Big Eyes Sushi Crew.

Want to know more about Big Eyes Coin? Check out the video below!

Sandbox’s Snoop Dogg NFT collection

The sandbox is known for many things. The ridiculous NFT collections have sold for huge amounts, which has led many users to play the Metaverse giant. Snoop Dogg is one of many high-profile figures to partner with the Play-to-Earn (P2E) giant.

The famous rapper is hosting an exclusive NFT collection with The Sandbox, which allows users to dress up as Snoop Dogg and buy land next to his lot. One user reportedly paid $450,000 to be Snoop Dogg’s digital neighbor!

While Snoop Dogg’s NFT collection has turned some heads, the most expensive NFT sold on The Sandbox NFT Marketplace is a $650,000 virtual megayacht. This shows just how ridiculous the Sandbox NFTs are and the impact they had on the NFT sector.

What happened to Axie Infinity?

At the height of its performance, Axie Infinity was a top performer in the crypto market, becoming the pioneer of the P2E sector of the crypto market. While the rest of the crypto market is in decline, Axie Infinity has increased its market value.

The P2E giant is up 2.10% in the last twenty-four hours at the time of writing. This increase is a testament to the impact the platform has had on the NFT sector so far, with a trading volume of $3.6 billion in the NFT market.

The most expensive Axie NFT sold for an eye-watering $820,000, showing the hype surrounding the Axie Infinity NFT. However, the platform has experienced a decline in users due to issues with in-game decisions. Axie Infinity has an extensive network of partnerships that could help it reach the top again, with the likes of Ubisoft and Samsung supporting the platform.

Final thoughts

Sandbox and Axie Infinity have undoubtedly greatly influenced the NFT sector of the crypto market.

Big Eyes Coin will try to replicate the success of these two platforms, and produce a collection that can reach the top ten projects. If Big Eyes Coin sticks to this goal, it could have the biggest impact on the NFT sector out of these cryptocurrencies.

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