NFT adoption has grown astronomically since the release of the Bored Ape Yacht Club (BAYC) collection, which sold out within 12 hours. The mint price when they released was 0.08 ETH in April 2021. However, the floor price for BAYC NFTs now sits at 76.98 ETH, showcasing how profitable NFTs can be as a sector of the crypto market.
Some cryptocurrencies capitalised on this, with BNB (BNB) and Solana (SOL) opening NFT marketplaces to host popular collections. High-profile figures like Cristiano Ronaldo and Khaby Lame have partnered with the BNB platform to create these collections.
Big Eyes Coin (BIG) is a new meme coin that is currently shaking up the DeFi sector of crypto, smashing through each of its presale stages. While Big Eyes Coin does not plan to release an NFT marketplace, it has ambitious plans to create a collection that reaches the top ten projects. Let’s begin by examining Big Eyes Coin.
Big Eyes Coin – Who Knew NFTs Could Have Utility
As mentioned above, Big Eyes Coin is smashing through its presale stages in fashion, raising $8.3 million at the time of writing. This feline coin plans to create a wave in the crypto market, making those who have lost interest excited again through its unique features. These include a dedicated charity wallet holding 5% of its tokens, specifically for ocean sanctuaries.
So, how does Big Eyes Coin plan to host an NFT collection in the top ten projects? Big Eyes Coin is bringing utility to NFTs, allowing its holders to utilise them as invitations to exclusive events, parties, and clubs like the Big Eyes Sushi Crew!
Big Eyes Coin has also incorporated a tax system for NFT transactions. For any NFT purchase, there is a 10% tax fee. 5% will go directly to BIG holders, 4% to the original seller, and 1% to the charity wallet. This dynamic tax system proves Big Eyes Coin is a community-centric token, potentially securing its top ten NFT collection.
Speedy Solana’s NFT Marketplace
Solana is designed to solve the scalability problem in the blockchain trilemma by utilising a combination of consensuses. Solana employed the Proof-of-Stake (PoS) and Proof-of-History (PoH) consensuses to achieve 50,000 transactions per second at its peak performance.
Even when Solana reaches 50,000 transactions per second, the network can remain environmentally friendly and low-cost. The PoS consensus is less energy intensive than the outdated Proof-of-Work (PoW) consensus utilised by Bitcoin (BTC).
Solana became involved with NFTs after the success of the BAYC collection. Ethereum (ETH) currently hosts the most recognised NFT marketplace in the blockchain industry, OpenSea. However, OpenSea recently became compatible with the Solana blockchain, making Solana a viable option when considering NFT marketplaces.
BNB’s Place In The Crypto Market
BNB has dominated the crypto market since its inception, hosting an array of services on its platform. After the BAYC collection in April 2021 went viral, BNB capitalised on the newly found obsession the crypto market had with NFTs, launching an NFT marketplace in June 2021.
The BNB NFT marketplace includes a myriad of advantages for its users to employ. There is a set 1% transaction fee with every NFT purchase, lower than many NFT marketplace competitors. Additionally, users can lower these fees by utilising BNB’s blockchain, the Binance Smart Chain (BSC).
Since BNB is one of the largest platforms in the crypto market, it is no surprise that it has attracted some big names. BNB has formed NFT partnerships with many high-profile businesses and figures, like Cristiano Ronaldo, Jimmy Choo, Vogue Singapore, and many more.
Final Thoughts
Solana and BNB are undoubtedly at the forefront of the crypto market, residing in the top ten cryptocurrencies by market capitalisation, according to CoinMarketCap. The streamlined service they offer helped them secure a loyal user base for their NFT marketplaces, allowing them to continue their dominance in this sector.
Big Eyes Coin will look to maintain its positive trend throughout the rest of its presale, aiming to reach $50 million by the end of stage fifteen. If Big Eyes Coin can reach its goal, it could achieve its ambition of a top ten NFT collection.
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
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