Scary start to the week as the cryptocurrency markets for Bitcoin, XRP, Cardano and Polkadot are all struggling. At the time this piece was written, the price of Bitcoin had fallen to £17,310. Many major 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 own a non-fungible token. This is due to both the market capitalization and the variety of digital assets it offers. Experts and enthusiasts expect the NFT business to surpass its current market valuation of $80 billion by 2025.
In the early days of NFT, the majority of digital assets created were meme-like images, videos, and GIFs; new iterations and variations of these digital assets are minted as NFTs on numerous other blockchains. Since NFTs want to represent and develop real collectibles, game assets and metaverses, we can conclude that they are progressing in the virtual world.
In this article we will look at some of the most bought NFTs and the prospects of Big Eyes joining the NFT market.
Ethereum (ETH) Home of CryptoPunks
The Cryptopunks are one of the initial instances of a non-volatile token on Ethereum, and it served as the model for the ERC-721 standard, which underpins the majority of digital collectibles and artwork. The Ethereum blockchain contains nearly 10,000 distinctive collectible characters.
Originally, these unique characters were available to anyone with an Ethereum wallet. Once all 10,000 collectibles were claimed, it gave birth to the NFT market. From this point CryptoPunk NFTs should be bought.
ApeCoin (APE) Land of boring monkeys
Yuga Labs used ApeCoin as a model for its Bored Ape Yacht Club non-swambaable token. Created to be used in the APE ecosystem, ApeCoin is funded by the APE Foundation, which also supports the APE ecosystem.
In 2021, the NFT industry has seen significant growth in popularity. We have seen many athletes and celebrities buy these Apes because of this exponential increase. feature 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 such as 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 active on the Ethereum network. Prospects for Top meme coin and DeFi have determined that the Ethereum blockchain is the ideal network for them. This 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-slingable tokens to increase the value of the assets in its community, and its amusing cat memes could 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, the following is expected to expand.
The industry has grown rapidly since NFT games first appeared. Now more than ever, gamers find meaning in their favorite pastime. Non-slingable token sales rose steadily and reached an all-time high; from less than $100 million in sales in 2020 to a significant increase of up to $25 billion in 2021, they have risen steadily since then.
Big Eyes Coin could be the breath of fresh air that the NFT market needs, creating cute cat-themed NFTs that will attract everyone around the world.
To learn more about Big Eyes Coin (BIG) click below
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