Scary start to the week as the cryptocurrency markets for Bitcoin, XRP, Cardano, and Polkadot are all experiencing difficulties. At the time this piece was being written, the price of Bitcoin dropped to £17,310. Many large cryptocurrencies have been on a bullish run since the beginning of June, which is the lowest level.
Since its inception, the non-fungible token (NFT) space has experienced exponential growth as more people have expressed a desire to possess a non-fungible token. This is due both to the market capitalization and the variety of digital assets it provides. Experts and enthusiasts expect that the NFT business will surpass its current market valuation of 80 billion dollars by 2025.
In the early days of NFT, the majority of the digital assets that were coined were meme-like images, videos, and GIFs; new iterations and variations of these digital assets are being minted as NFTs on numerous other blockchains. Since NFTs want to represent and develop real-world collectibles, game assets, and metaverses, we may conclude that they are advancing in the virtual world.
In this article, we will be looking at some of the most bought NFTs and the prospects of Big Eyes joining the NFT marketplace.
Ethereum (ETH) The Home of CryptoPunks
The Cryptopunks is one of the initial instances of a Non-Fungible Token on Ethereum, and it served as the model for the ERC-721 standard, which underpins the majority of digital collectibles and works of art. The Ethereum blockchain contains almost 10,000 distinctive collectible characters.
Originally these unique characters were available to anyone with an Ethereum wallet. Once all 10,000 collectibles were claimed, this gave birth to the NFT marketplace. From this point onwards, CryptoPunk NFTs have to be purchased.
ApeCoin (APE) Land of Boring Apes
Yuga Labs used ApeCoin as a model for its Bored Ape Yacht Club non-fungible token. ApeCoin, which was created to be used in the APE Ecosystem, is funded by the APE Foundation, which also supports the APE Ecosystem.
In 2021, the NFT industry had significant growth in popularity. We observed a lot of athletes and celebrities purchasing these Apes as a result of this exponential increase. showcasing them on their social media channels to increase visibility for both the NFT industry and the cryptocurrency sector. Bored Ape NFTs are owned by celebrities like Serena Williams, KSI, Kevin Hart, Snoop Dogg, and Shaquille O’Neal.
Big Eyes Coin (BIG) Join the Sushi Crew
Big Eyes is a brand-new meme coin project that is active on the Ethereum network. Prospects for Top meme coin and DeFi have determined that the Ethereum blockchain is the ideal network for them. That is exactly what the Big Eyes coin is; it is a meme coin that aims to employ DeFi to improve its community.
Big Eyes Coin uses non-fungible tokens in order to increase the value of the assets in its community, and its amusing cat memes may help it gain momentum in the NFT market. Big Eyes Coin already has a sizable social media following, and once the Sushi Crew NFTs are released, that following is expected to expand.
The industry has grown rapidly ever since NFT gaming first appeared. Gamers are finding meaning in their favourite pastime now more than ever. Non-fungible token sales have risen steadily and reached an all-time high; from less than $100 million in sales in 2020 to a significant spike of up to $25 billion in 2021, they have been rising steadily since then.
Big Eyes Coin can be the breath of fresh air the NFT marketplace needs, creating cute cat themed NFTs that will attract everyone around the world.
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