Non-fungible tokens, or NFTs, are often created using the same computer language as cryptocurrencies. They are not replaceable or exchangeable in an exact manner that other cryptographic assets are. In recent times, NFTs have emerged as one of the most significant digital assets online, extending into social networking platforms and the entertainment sector. You’ve probably come across an NFT when browsing the internet.
Several blockchain networks are aiming to use the popularity of NFTs to boost their appeal and prosperity. None, however, incorporate NFTs into their networks as well as Big Eyes Coin (BIG) and Ethereum (ETH). This article will describe the distinctiveness of these two blockchain networks and how they can completely transform the NFT industry.
Big Eyes Coin (BIG) is a meme coin that debuted in 2022 intending to transfer wealth into the decentralised ecosystem while also maintaining an important component of the world’s nature, the ocean. One of the key goals of blockchain networks is to bring wealth into the decentralised finance ecosystem. It also aspires to protect the oceans by creating a special charity wallet in which 5% of the total supply is donated to ocean sanctuaries. Its long-term viability stems from its use on the Ethereum blockchain, which has recently switched from a proof-of-work (PoW) consensus method to a proof-of-stake (PoS) system.
Big Eyes Coin (BIG) thinks that community tokens are wealth creators and aims to contribute more to crypto by establishing a network that self-promotes hypergrowth by utilising NFTs to grant access to events and content. BIG coin intends to have its NFT collection rank in the top ten, providing users with an incentive by placing all rewards from an NFT into a burn or not burn vote. The network’s NFT marketplace is called ‘NFT Sushi Crew.’
This is a one-of-a-kind club for NFT holders that desire to own “good items, perform enjoyable activities, and eat fish.” It is influenced by Japanese culture. Additionally, Big Eyes Coin plans to host NFT events constantly, enabling token holders to participate in all events during the year.
Ethereum (ETH) is a blockchain network that is best recognised as the second most popular cryptocurrency after Bitcoin. It boasts the largest crypto ecosystem, with numerous major blockchain networks operating on Ethereum.
The most prominent NFT collection in the crypto sector, CryptoPunks, is managed on Ethereum. Larva Labs, a two-person team of Canadian software developers John Watkinson and Matt Hall, was founded in 2017. The Ethereum collection provided the foundation for the current profile image campaigns, making CryptoPunks one of the most significant and well-known NFT brands. It paved the way for later bestsellers like the Bored Ape Yacht Club and Doodles, while CryptoPunks sales have produced about $2.4 billion in secondary market volume to date.
CryptoPunks were also mentioned in the newest edition of the Guinness Book of World Records under the ‘CryptoMainia’ section. This was because CryptoPunk #5822 sold for a whopping 8000 ETH ($23 million) in February 2022. Furthermore, CryptoPunks NFT #2924 sold for nearly $4.5 million in ETH on 28 September 2022, making it the largest single NFT sale in recent memory.
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