Can Big Eyes Coin and ApeCoin contribute to the revival of NFT marketplaces?
NFTs, or non-fungible tokens, are often constructed using the same programming language as cryptocurrencies. They cannot be replaced or exchanged in the same way that other cryptographic assets can. NFTs have recently evolved as one of the most important digital assets on the web, expanding into social networking sites and the entertainment industry. You’ve undoubtedly come across an NFT while browsing the web.
Several blockchain networks hope to leverage the success of NFTs to increase appeal and prosperity. Since we are currently in a bear market, people have been questioning the viability of not only cryptocurrencies, but also NFT marketplaces. However, no one uses NFTs in their networks like Big Eyes Coin (BIG) and ApeCoin (APE) do. This post will explain how these two blockchain networks differ while assessing the success of their NFT marketplaces.
Enter NFT Sushi Crew With Big Eyes Coin
Big Eyes Coin (BIG) is a meme coin that appeared in 2022 to transfer wealth to the decentralized ecosystem while preserving the ocean, which is an important component of the world’s ecology. One of the main goals of blockchain networks is to bring money into the decentralized financial ecosystem. It also hopes to conserve the ocean by developing a charity wallet where 5% of the entire supply is given to marine sanctuaries. Its long-term viability relies on the use of the Ethereum blockchain, which recently transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus process.
Big Eyes Coin (BIG) believes that community tokens create wealth and intends to contribute more to crypto by establishing a network that itself promotes hyper-growth through the use of NFTs to offer access to events and content. BIG coin strives to have its NFT collection ranked in the top ten, giving users an incentive by putting all NFT prizes in a burn or not burn vote. ‘NFT Sushi Crew’ is the name of the network’s NFT marketplace.
This is an exclusive club for NFT holders who want to own “excellent things, participate in fun activities and eat fish.” Japanese culture has influenced it. Furthermore, Big Eyes Coin intends to host NFT events regularly, allowing token holders to participate in all events throughout the year.
A BAYC sells for nearly $1 million
ApeCoin (APE) is a prominent cryptocurrency in the market. The blockchain network is an ERC-20 governance and utility token used in the APE ecosystem to enable and stimulate the growth of a decentralized community at the forefront of the web3. The ApeCoin community, which is managed by the ApeCoin DAO, a decentralized governance structure that supports the Ecosystem Fund, is one of its primary characteristics. Through a proposal process, the DAO determines how the APE Foundation’s ecosystem fund will be distributed to promote a diverse and self-sustaining ecosystem.
Yuga Labs, a $4 billion firm best known for its quirky and colorful Bored Ape Yacht Club (BAYC) NFTs, established the blockchain network. The ApeCoin powered Bored Ape Yacht Club is a private membership project available to all Bored Ape Yacht Club NFT owners. On the secondary market this morning, Bored Ape Yacht Club sold NFT #232 for 800 ETH, or about $927,000. Many Bored Ape NFTs have lost significant value in recent months, including one purchased early this year for $1.3 million in ETH that is now only worth about $69,000. However, this golden-furred monkey is one of the rarest avatars, ranking 324th out of 10,000 NFTs according to the Rarity Tools statistics.
Final thoughts
Despite the bear market, NFT marketplaces remain relevant in the cryptosphere, providing outlets where users can trade, share and distribute their digital artwork. Big Eyes Coin’s NFT Sushi Crew promises to give users cute cat avatars, while ApeCoin’s BAYC remains popular on social media and among celebrities.
For more information on Big Eyes Coin (BIG), click on the links below:
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
YouTube: https://www.youtube.com/watch?v=TDRr9KhHQRw
Value code: CYBERMONDAY25
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