Following 2021’s NFT boom, non-fungible tokens (NFTs)—a set of crypto assets that have been around since 2014, gained mainstream status within the crypto space. Today, NFTs have become so popular and are inspiring the birth of cryptocurrencies that help to maintain the ecosystems of NFTs. One such crypto is the meme token Big Eyes Coin (BIG).
With NFTs’ growth in popularity, the global NFT market value for 2021 was $11.3 billion. Crypto experts project market growth between 2022 and 2026 to be around $147.24 billion and a further $231 billion by 2030.
With upcoming NFT projects adding to the sector, the market growth may be higher. Also, crypto tokens like Big Eye will further drive NFT growth in the coming years.
With Big Eyes Coin to launch soon in the cryptocurrency market, this article casts a look at why Big Eyes Coin (BIG) is a must-have like NFT token leaders The Sandbox (SAND) and Axie Infinity.
We’ll begin by thoroughly reviewing The Sandbox and Axie Infinity’s (AXS) NFT capabilities to expose readers to their contributions to the NFT evolution and profitability.
The Sandbox (SAND)
The Sandbox (SAND) is an ERC-20 utility token for The Sandbox, a virtual metaverse that allows users to experience the fun of the virtual world while monetizing their experience.
With the Sandbox, users can create, build, buy, sell and trade digital assets in the form of NFTs, benefiting from arguably the best Cryptocurrency to Invest in 2022.
The Sandbox functions within a decentralized platform that combines the strengths of NFTs and decentralized autonomous organizations to drive a thriving gaming community.
The platform’s primary goal is to facilitate a creative “play-to-earn” model that allows users to be both producers and gamers simultaneously. Users within the ecosystem can use The Sandbox (SAND) token to purchase LAND—a piece of The Sandbox metaverse.
Each LAND provides owners with access to exclusive content. LAND also allows owners to monetize their part of The Sandbox’s (SAND) metaverse. LAND owners can build structures and experiences, host events, and invite friends to interact with them.
The Sandbox gaming ecosystem comprises three complementary products that work together to provide a great experience for creating user-generated content. These products include VoxEdit, which allows players to create and modify 3D objects within the metaverse.
With VoxEdit, users can create NFTs of various types, like in-game avatars and characters, weapons, wearables, art, equipment, and more. Another product within The Sandbox’s (SAND) ecosystem is its marketplace, where players can discover, buy, sell and trade in-game assets and NFTs.
Thirdly is its Game Maker feature, which allows users to develop 3D games at no cost. This feature also allows creators to integrate NFTs into games developed within the ecosystem.
By selling and trading NFTs, players profit from a sector that is already taking the crypto space by storm. Using NFTs within the platform, The Sandbox (SAND) users benefit from true digital ownership, trading, security, immutability, and cross-platform interoperability.
Outside NFTs, The Sandbox utility token has other benefits. It facilitates transactions on the platform and allows holders to participate in ecosystem governance and development. The DAO uses The Sandbox (SAND) to provide incentives to participants. With The Sandbox (SAND) also, holders can participate in staking to earn rewards.
Axie Infinity (AXS)
Axie Infinity (AXS) rose to prominence shortly after NFTs entered the mainstream crypto space and is growing bigger with each passing day. The token is a huge player in the NFT market and powers a virtual game (Axie Infinity) where users may gather fierce creatures known as Axies.
The game Axie Infinity revolves entirely around NFTs, and anyone who seeks to play must purchase at least three Axie NFTs needed to create their first team. With their Axies, players can battle other players, build within the game’s metaverse, and hunt for treasures.
With Axie Infinity (AXS), players can create goods, build up a collection of in-game materials and sell them as NFTs while enjoying the game. Therefore, users will be able to have fun while also monetizing their experience within the gaming platform.
Axie Infinity (AXS) is an ERC-20 governance token for the Axie universe. Holders of Axie Infinity (AXS) help shape the future of the Axie Infinity gaming ecosystem by signaling their support for upgrades to the ecosystem. They also help in directing the usage of a Community Treasury.
Axie Infinity performs three core functions within the gaming ecosystem: payment, governance, and staking. It enables players to buy and obtain in-game NFT items or materials and play the game. It also enables holders to participate in key governance votes and stake for a chance to earn rewards.
The game has an NFT marketplace where players can list, buy, sell and trade various NFTs, including Axies, LANDs, and other in-game items, for real money.
Players can also breed Axies, which helps them form more powerful teams and yields additional NFTs to sell in the marketplace. At the time of writing, some Axie NFTs have sold for over $600,000, or as much as 300 ETH.
These features make Axie Infinity a strong contender for the best cryptocurrency to invest in 2022.
Big Eyes Coin (BIG)
Big Eyes Coin (BIG) is an Ethereum-based crypto token currently gaining popularity, thanks to cryptocurrency news updates. The Big Eyes Coin (BIG) token project is building on the secret that long life in the crypto world is the community a token has. Therefore, Big Eyes Coin will prioritize its community of users and provide them with the means to earn passive income.
Big Eyes Coin is a meme token. However, it seeks to do things differently from other meme tokens by revolutionizing the meme coin sector by diversifying into the DeFi sector. By doing so, Big Eyes seeks to add to the monetary value of the sector.
Big Eyes Coin (BIG) will be an alternative to meme coin leaders like Shiba Inu (SHIB) and implement a valuable economic model to benefit users. It will help to drive the NFT sector’s evolution by creating a blockchain environment that prioritizes financial growth using NFTs.
Big Eye’s holders will have access to NFT content and events to help them stand out from existing community-based crypto tokens. Providing users with access to the NFT market will help its community enjoy NFTs profitability.
Big Eyes promises to be eco-friendly and prioritize and contribute to the conservation of marine ecosystems. To do this, it will allocate 5% of its total supply to a charity fund to support organizations helping to clean up the ocean and maintain its biodiversity.
Big Eyes Coin will utilize a proof-of-stake (PoS) mechanism. Unlike Dogecoin (DOGE), which uses a slow and energy-consuming proof-of-work (PoW) mechanism, Big Eyes Coin (BIG) will have fast speeds and consume less energy than Dogecoin.
Big Eyes Coin (BIG) Cutenomics
The token will have a maximum supply of 200 billion with a pre-sale of 70% (140 billion tokens) of the max supply. 20% will go to exchanges and 5% to platform marketing. As mentioned before, 5% will go to charity.
Big Eyes Coin promises zero transaction fees, and a dynamic zero buy and sell tax structure. It will have 90% of the max supply available at launch.
For NFTs, selling will incur a 10% tax, to be distributed within the ecosystem. 5% of the tax will go to token holders, while 4% will go to the original seller. The remainder will go to charity.
Buy Now to Become a Part of a Profitable Movement
Big Eyes’ pre-sale is currently ongoing, making now the perfect opportunity to purchase at the lowest fee possible. Buying follows a straightforward process that requires buyers to pay directly using their credit cards. Buyers can also purchase using USDT or Ethereum (ETH) via their crypto wallets.
A claim page will be available at the end of the pre-sale to assist those who buy during the pre-sale in claiming their tokens.
Big Eyes Coin (BIG) will launch on Uniswap according to the whitepaper, although there is no official date for its release. Therefore, crypto enthusiasts should keep their ears on the ground for cryptocurrency news signaling its launch date.
Since going mainstream in 2021, the NFT sector has rapidly evolved, with many important NFT moments occurring over the past year. Thanks to crypto projects like The Sandbox (SAND) and Axie Infinity (AXIE), crypto enthusiasts find it easier to participate in the NFT craze.
While awaiting cryptocurrency news to announce Big Eye’s (BIG) entry into the cryptocurrency market, it is worthy to state that it has all it takes to become the best cryptocurrency to invest in 2022. Although not an NFT gaming platform like The Sandbox and Axie Infinity, Big Eyes’ bringing of NFTs to the meme coin sector makes it a must-have.