Big Eyes Coin can dominate the NFT sector like BNB and ApeCoin’s boring monkey yacht club collectibles
The NFT sector quickly found itself in the mainstream media through the release of the Bored Ape Yacht Club (BAYC) NFT collection. Within twelve hours, the NFTs had sold out with many high-profile names among the holders. Eminem and Snoop Dogg are some celebrities who bought the NFT collection, which now has an estimated market value of 843,390.88 ETH.
Due to BAYC’s success, Yuga Labs created ApeCoin (APE) to facilitate transactions, becoming the main cryptocurrency of the BAYC ecosystem. BNB (BNB) is another towering figure in the NFT sector, hosting an internal NFT marketplace on its platform and several leading NFT pools on the Binance Smart Chain (BSC).
So, where does Big Eyes Coin (BIG) fit into this group? Big Eyes Coin is a new cryptocurrency that aims to host a sustainable platform while facilitating the growth of the DeFi ecosystem with an NFT collection. The meme token has ambitious plans for the NFT collection that we will explore in this editorial piece.
Can Big Eyes Coin Take Over the NFT Sector?
Big Eyes Coin aims to host an NFT collection that will reach the top ten projects. While owning these NFTs can bring substantial profits to the NFT holders, Big Eyes Coin has also introduced utility to its NFTs.
Holders of Big Eyes NFTs can use the NFTs as keys to exclusive events and parties throughout the Big Eyes Coin ecosystem. NFT events will take place with the seasons on the Big Eyes Coin platform, with the community deciding whether the profits will be burned or kept in circulation.
Another service users can expect from the Big Eyes Coin ecosystem is the charity wallet that holds 5% of BIG tokens. Big Eyes Coin will make regular contributions to ocean conservation efforts using the funds from the charity wallet. Such donations can attract attention from high-profile figures such as Elon Musk to Dogecoin (DOGE).
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BNB’s latest NFT collection
While NFTs are a big part of the BNB ecosystem. The platform is also heavily involved in several other sectors of the crypto market. It makes the BNB platform one of the most important platforms in the crypto market, hosting a charity, DEX, CEX and an academy to promote the use of blockchain technology.
BNB’s latest NFT collection features soccer superstar Cristiano Ronaldo. With the start of Qatar World Cup 2022 and Cristiano Ronaldo’s explosive interview with Piers Morgan, users will be more inclined to purchase the exclusive NFT collection.
In addition, Cristiano Ronaldo has made several references to the collection on his Instagram account, reaching his 500 million followers worldwide. This action will undoubtedly increase traction on the BNB platform, and potentially result in a price increase.
ApeCoin’s Boring Monkey Yacht Club Collection
You probably had never heard of NFTs before the release of the BAYC collection. The collection was a 10,000-strong project that quickly found itself the focal point of the crypto market. There are now three ApeCoin collections in the top four NFT collections listed by sales volume.
While the rest of the crypto market has been in disarray over the past seven days, ApeCoin has been reporting solid numbers. The platform is up 10.54% in the last seven days at the time of writing, showing the impact NFTs can have on a cryptocurrency.
Another important part of ApeCoin’s ecosystem is the DAO. The DAO allows APE token holders to vote on decisions concerning the platform’s future, demonstrating its commitment to being a community-centric token.
Final thoughts
BNB and ApeCoin have shown their dominance in the NFT sector so far, hosting significant collections on their blockchains or creating NFT collections with high market capitalization. Big Eyes Coin looks set to follow in the footsteps of these two crypto giants, producing an NFT collection that could reach the top ten projects.
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