Since the creation of NFTs, the market has been largely independent of other landscapes such as DeFi. The entire market could collapse while the NFT market maintains a high trading volume. The NFT market started gaining volume in 2020, and the momentum was driven by the crazy NFT sales news. Digital artist, Beeple, sold NFT for $69 million, and most NFT fans refer to this as the start of the NFT race.
People are becoming more interested in NFTs, daily volume has gone up, and new NFT projects are popping up. One such project, Bored Ape Yacht Club, is a PFP collection of 10,000 unique pieces of art that has generated more than $2 billion in turnover. The NFT group was at the forefront of the market earlier in 2022, reaching a minimum price of 150 ETH, an all-time high at the time.
The team behind the NFT project saw the need to expand the brand and return value to its community by creating ApeCoin (APE). ApeCoin has been proposed as a useful token for the community and will prove to be very useful in the upcoming updates of the parent brand.
Big Eyes Coin (BIG) will take a page from this template as it is a new meme coin looking to eventually launch the NFT pool. Big Eyes Coin is already poised to dominate the DeFi market at its launch, but it will be even more exciting to see the cat-inspired token spread its narrative to NFTs.
A token made to support the evolution of art – ApeCoin
ApeCoin (APE) is a utility token on the Ethereum blockchain created by Yuga Labs as a utility for the APE ecosystem. The APE ecosystem consists of community owners from Bored Ape Yacht Club, Mutant Ape Yacht Club, Bored Ape Kennel Club and Otherdeed to other groups. Although Yuga Labs serves as the parent brand of other NFT groups like CryptoPunks, Meebits, etc., ApeCoin was only created to serve the APE communities.
ApeCoin was launched in the first quarter of 2022 at a bad time for the cryptocurrency market, but it emerged as the best performer alongside cryptocurrencies such as STEPN (GMT). As of August 2022, the cryptocurrency has a market capitalization of over $1 billion and it remains a stable value in the market.
Since ApeCoin is a widely used ERC-20 token, it is technically recognized by most companies. ApeCoin use cases (APE) allow owners to participate in the governance of the DAO and give them access to games, events, goods and services exclusive to the ecosystem.
Newcomer Meme – Big Eyes Coin
big eyes coin (big) It is a new meme currency that aims to create wealth for its community using the vast resources available via DeFi and NFTs. Big Eyes is a cat-inspired meme coin that seeks to revolutionize the face of crypto memes. Big Eyes will make it possible by using some marketing tactics to include as many influencers as possible to drive the cat meme story.
Big Eyes will compete with dog meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB). Although DOGE and SHIB are very high in the meme coin league, Big Eyes looks very promising for this kind of growth. This means that the definition of meme coins will change. ApeCoin is an NFT-derived token, but Big Eyes plans to create a DeFi-derived NFT pool. With the massive daily trading volume in the NFT markets, BIG leaves plenty of opportunities for its community to make a fortune.
Big Eyes will host fringe activities such as events, contests, social media challenges, DeFi education, charities, etc., depending on which direction the community is leading the project. It appears to be one of the most promising projects the cryptocurrency market has seen in a while. It’s currently on pre-sale, and that’s as soon as possible. It can be a potential buyer for huge profits.
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