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NFT collections have become an essential part of the crypto market. Each year, NFT adoption and trade volume has risen by astronomical amounts, so it is no surprise that cryptocurrencies cater to this market. This article will show three cryptocurrencies heavily involved with NFTs and why they could be a fruitful addition to your portfolio.
ApeCoin (APE) and Ethereum (ETH) host their own NFT collections, with ApeCoin bringing NFTs into the mainstream in 2021. The Bored Ape Yacht Club (BAYC) NFT collection sold out within 12 hours, with high-profile names getting in on the action.
Additionally, Ethereum hosts one of the most successful NFT collections, CryptoPunks, valued at $1.77 billion. So, how can Big Eyes Coin (BIG) match the success of these collections? The new meme coin recently hit $5 million in its highly anticipated presale!
Could There Be A Top Ten NFT Collection For Big Eyes Coin?
Big Eyes Coin is a new meme coin promising to shift wealth into the DeFi ecosystem while focusing on protecting our oceans. To achieve this, Big Eyes Coin will host a charity wallet with 5% of its overall tokens inside, making regular contributions to ocean conservation efforts.
Additionally, 1% of the tax on all NFT purchases will go directly to the charity wallet, ensuring a constant supply of funds for ocean conservation. The internal NFT marketplace allows users to own a rare Big Eyes Coin NFT. The platform is aiming to have a collection in the top ten projects!
It won’t just be an NFT that you own. That NFT is used as a key to an array of exclusive events and clubs including the Big Eyes Sushi Crew and regular NFT events with the seasons. Big Eyes Coin’s myriad of benefits from owning an NFT could help it see the same level of success as ApeCoin and Ethereum collections.
ApeCoin’s Inception Due To BAYC
ApeCoin was created on the 16th of March 2022, due to the success that the BAYC NFT collection saw through 2021. It was created to facilitate the current and future NFT collections that BAYC would release, allowing users to purchase them using ApeCoin.
As mentioned above, the BAYC collection brought NFTs into the mainstream as they sold out within 12 hours. Celebrities like Snoop Dogg and Eminem were among the high-profile figures that purchased the NFT collection. The two hip-hop stars even made a music video titled ‘From The D 2 The LBC’ picturing themselves as their BAYC NFTs!
Users can vote on changes to the platform if they are unhappy with how it is run. The ApeCoin DAO even allows you to submit proposals of your own! All you need to do is hold the ApeCoin token to obtain voting rights.
Its A Slam Dunk For Ethereum’s CryptoPunks
Ethereum hosts the most recognised NFT marketplace in the blockchain industry, OpenSea. On this platform, users can access an array of rare NFT collections. One of the most successful collections made by the Ethereum blockchain is CryptoPunks.
CryptoPunks are 10,000 uniquely generated characters. Originally, those utilising the Ethereum blockchain could claim them for free. Now that all 10,000 have been claimed, users post them for sale on the OpenSea NFT marketplace, raising almost $3 billion in sales at the time of writing.
Ethereum has improved its quality of service on the NFT marketplace since the Ethereum 2.0 upgrade. Ethereum now utilises the Proof-of-Stake (PoS) consensus that allows it to reach an unprecedented amount of transactions per second. The news is music to the ears of traders using the Ethereum blockchain as the PoS consensus also adds a layer of security to transactions.
Final Thoughts
Ethereum and ApeCoin have seen unrivalled success from their NFT collections thus far. ApeCoin brought NFTs into the mainstream with the BAYC collection, while Ethereum hosts the most recognised NFT marketplace and one of the most successful NFT collections thus far.
However, Big Eyes Coin has plans to host an NFT collection in the top ten projects, potentially catapulting it up the crypto market. Its innovative ecosystem combined with the additional benefits of owning a Big Eyes Coin NFT has led experts to believe it could achieve this goal.
For more information on Big Eyes Coin (BIG), please visit the following links:
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
This article does not necessarily reflect the opinions of the editors or management of EconoTimes
