Crypto is NFT crazy! DogeMiyagi is making plans for an NFT launch, can it be successful like Binance and Ethereum?
Exclusive digital ownership of various treasures, including artwork, music and videos, is offered by NFTs with real equity. They run on the same blockchain technology that underpins Bitcoin and other cryptocurrencies. It is very likely that each of you owns at least one of them. Because of this, many different crypto projects have taken the step to include NFTs as a major part of them. DogeMiyagi (MIYAGI) is the latest to do this, but will this lead to even more success for it? We can take a look at how it has worked for Binance (BNB) and Ethereum (ETH) to come to a conclusion about that.
What is DogeMiyagi?
The DogeMiyagi (MIYAGI) project is a community-driven meme coin, and MIYAGI, the project’s initial token, serves as an ERC-20 token on the Ethereum blockchain, enabling the development of a dynamic community. The functionality of the meme coin includes a number of features, including peer-to-peer cryptocurrency transfers, international payments, network management and other functions. Its meme potential sets it apart from other cryptocurrencies and increases its value.
DogeMiyagi sets itself apart from other cryptocurrencies by being proud to be completely community-driven and decentralized. Additionally, community members can participate in a referral system to earn extra tokens for free. To promote community growth and increase the value of MIYAGI token, they offer 10% bonus on investments made by referred members. The referral system is a smart approach for community members to earn money and promote the community at the same time.
Binance, Ethereum and NFTs
More than just being the largest cryptocurrency exchange in the world, Binance is actually a company that has its hands in almost every potential market in the crypto world. The platform is home to BNB, one of the most valuable cryptocurrencies available today. On top of that, they have been very involved in the NFTs movement, with their marketplace being one of the most popular among users worldwide.
Binance’s marketplace stands out for its low trading fees of just 1%, which it provides for the wide variety of exclusive content available. The platform benefits from running on its own blockchain, giving it a competitive edge. It is user-friendly and uses similar technology and setup to Binance’s exchange. You can purchase individual items and mystery boxes filled with various curated sets. There are also “standard” and “premium” collections available. While premium collections are limited releases by famous influencers, standard collections include products made by ordinary people.
Like Binance, Ethereum is also one of the biggest brands in the crypto world. As the #1 blockchain network and host to the second largest crypto on the market, it was only natural for Ethereum to also venture into different areas, and with the increased use of NFTs, it made sense that it was one of them . That said, with Ethereum being a blockchain that hosts and develops other projects, the NFT marketplace will behave similarly. The largest blockchain network available operates up to 41 separate marketplaces, but OpenSea is arguably the most famous.
First introduced in 2017, the platform quickly gained popularity and was one of the most used cryptocurrency marketplaces in early 2022, when revenue peaked at over $2 billion. The flexibility it gave users to shop while on the road via an app for both Apple’s iOS and Android contributed to OpenSea’s success.
Spelling of profitability and success. Numerous high-profile personalities, such as music executive and entrepreneur Russell Simmons, have held NFT drops on the Binance NFT marketplace. The site is used by thousands of people and as a result many successful and significant sales have come from them. The highest reported sale on the platform for beginners was $2.8 million.
DogeMiyagi and NFTs
The newest meme coin, DogeMiyagi, is joining the NFT community with its own marketplace for this very reason. A strong and substantial community is what the future site DogeMiyagi, which will allow users to create memes, exchange assets and do much more, aims to build. DogeMiyagi is also building a unique NFT Club where members will be able to take advantage of the ultimate exclusivity of the NFTs released while learning more about them. DogeMiyagi’s dynamic environment. Users can gain exclusive access to a specific domain where they can benefit from a number of benefits that will gradually evolve and change over time by acquiring a DogeMiyagi NFT.
Given the nature of NFTs, it should come as no surprise to anyone that many, if not all, memes have their own NFT counterparts that both capitalize on their success and expand upon them by turning them into real assets with utility value that goes beyond just being funny. With the potential equity that can be created by owning more NFTs, it will drive more people to projects like DogeMiyagi giving them more opportunities to build their collections.
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