Bitcoin, XRP, Cardano, and Polkadot all had a bad start to the week on their cryptocurrency markets. At the time of writing, the price of a Bitcoin had dropped to £17,310. Since the beginning of June, when they were at their lowest, many of the biggest cryptocurrencies have been going up.
Since it started, the non-fungible token (NFT) space has grown by a factor of 10 because more people want to own a non-fungible token. This is because of the size of the market and the range of digital assets available. Experts and fans think that the NFT industry will do better than its $80 billion market value by 2025.
Most of the early NFT digital assets were meme-like images, videos, and GIFs. On many other blockchains, new versions and variations of these digital assets are being created as NFTs. We can say that NFTs are making progress in the virtual world because they want to represent and develop collectibles, game assets, and metaverses that exist in the real world.
Ethereum (ETH): The Home of CryptoPunks
The Cryptopunks was one of the first Non-Fungible Tokens on Ethereum, and it was used as a model for the ERC-721 standard, which is the basis for most digital collectibles and works of art. On the Ethereum blockchain, you can find almost 10,000 different collectible characters.
At first, these unique characters were available to anyone with an Ethereum wallet. The NFT marketplace began when all 10,000 collectibles were claimed. From now on, CryptoPunk NFTs have to be bought.
The currency of the Land of Boring Apes is ApeCoin (APE)
Yuga Labs based the Bored Ape Yacht Club token, which can’t be exchanged for cash, on ApeCoin. ApeCoin was made so that it could be used in the APE Ecosystem. It is paid for by the APE Foundation, which also helps the APE Ecosystem.
By 2021, the NFT industry is likely to be much more popular. Because of this exponential growth, a lot of athletes and celebrities have bought these Apes. putting them in the spotlight on their social media accounts to bring more attention to both the NFT industry and the cryptocurrency industry. Serena Williams, KSI, Kevin Hart, Snoop Dogg, and Shaquille O’Neal are among the famous people who own Bored Ape NFTs.
With Big Eyes Coin, you can join the Sushi Crew (BIG)
Big Eyes is a brand-new meme coin project that is running on the Ethereum network. Top Meme Coin and DeFi prospects have decided that the Ethereum blockchain is the best network for them. That’s exactly what the Big Eyes coin is. It’s a meme coin that aims to improve its community by using DeFi.
Big Eyes Coin uses non-fungible tokens to increase the value of its community’s assets, and its funny cat memes may help it get noticed in the NFT market. Big Eyes Coin has a large number of followers on social media, and that number is likely to grow once the Sushi Crew NFTs come out.
Since NFT gaming was introduced, the industry has grown quickly. Gamers are finding more meaning than ever before in their favorite hobby. Non-fungible token sales have steadily risen to an all-time high, going from less than $100 million in 2020 to a big jump of up to $25 billion in 2021.
Big Eyes Coin could give the NFT market a breath of fresh air by making cute NFTs about cats that will appeal to people all over the world.