Big Eyes Coin Takes A Dynamic Approach To The NFT Market, Like ApeCoin and Ethereum

The NFT market has seen its share of ups and downs through the years. While NFT adoption is growing, NFT prices are plummeting. Big Eyes Coin (BIG) looks to change this by introducing utility to its future NFT collection, allowing holders to utilise their Big Eyes NFTs as invitations to exclusive events and parties on the Big Eyes Coin platform.

ApeCoin (APE) and Ethereum (ETH) are two NFT heavyweights in the crypto market, with Ethereum hosting the most recognised NFT marketplace in the crypto space, OpenSea. ApeCoin also hosts one of the most lucrative NFT collections in the market, the 10,000-strong Bored Ape Yacht Club (BAYC) collection that sold out within twelve hours of release. Let’s find out more about these three crypto platforms!

Big Eyes Coin – Introducing Utility To NFTs

Big Eyes Coin is a new meme token that is shaking up the DeFi sector of the crypto market. The platform aims to contribute significant wealth to the DeFi ecosystem while donating a considerable amount of its funds to ocean conservation efforts. The funds will come from its charity wallet containing 5% of its tokens.

Additionally, Big Eyes Coin will implement a 10% tax fee on each NFT transaction. While 5% of the fee goes to BIG holders and 4% to the original seller, 1% will go directly to the charity wallet allowing the charity wallet to consistently contribute to ocean conservation efforts.

When examining Big Eyes Coin’s relationship with NFTs, it is important to remember its introduction of utility. The Big Eyes Sushi Crew is an exclusive club on the platform, and Big Eyes Coin will host exclusive NFT events with the seasons, with ambitious plans to host an NFT collection in the top ten projects.

ApeCoin’s Contribution To The NFT Market

The Bored Ape Yacht Club collection undoubtedly increased NFT adoption throughout the world. The platform singlehandedly took NFTs to the mainstream, with high-profile figures like Eminem and Snoop Dogg purchasing the NFTs for large sums of money.

The ApeCoin platform has implemented a DAO to allow its token holders to contribute to the growth of the platform with crucial decisions concerning ApeCoin’s future upgrades. The number of APE tokens a user holds decides their voting weight in the DAO.

Another advantage of the ApeCoin platform is that it has recorded an impressive trading volume throughout its history. The NFT giant has more than $1.2 billion in market capitalisation at the time of writing, showcasing the support behind this innovative project.

Ethereum’s Dominant NFT Marketplace

As mentioned above, Ethereum hosts the most recognised NFT marketplace in the crypto space. The platform hosts most NFT collections in the top 100 by trade sales volume, including the famous BAYC collection and CryptoPunks.

The Ethereum blockchain recently switched its outdated Proof-of-Work (PoW) consensus mechanism for the modern Proof-of-Stake (PoS) consensus algorithm. The switch brought about multiple benefits for the platform, including reduced fees, processing times, and carbon emissions, benefiting the OpenSea marketplace.

While the crypto market is in a state of decline, Ethereum has been seen as a safe bet through the bear market. Its use cases and importance help the platform remain relevant through times of hardship.

Final Thoughts

Although the NFT market has seen a steady decline in value since its height in 2021, so has the rest of the crypto market. Ethereum and ApeCoin have set a strong precedent for how to create solid platforms that are heavily involved in the NFT market. Big Eyes Coin looks to replicate the success of these platforms and take it a step further by introducing utility to its NFTs.

Any new user on the Big Eyes Coin platform can obtain 5% bonus tokens with their purchase if they use the ‘BIGsave255’ promotion code at the checkout!

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