The Metaverse sector of the crypto market has seen its fair share of ups and downs. It fell in user base and market capitalisation with the rest of the crypto market throughout 2022, leading many to seek other investment opportunities like meme tokens. However, Decentraland (MANA) and Axie Infinity (AXS) are starting their recoveries, reporting solid gains in the past week.
Decentraland and Axie Infinity have impacted the NFT sector thus far, with multiple collections providing substantial returns for their holders. Big Eyes Coin (BIG) looks to replicate the success of these platforms in the NFT sector, providing an NFT collection that could reach the top ten projects. Let’s find out more about these platforms’ contributions to the NFT market thus far.
Big Eyes Coin’s Highly-Anticipated Journey In The Crypto Market
Like a moth to a flame, Big Eyes Coin is attracting new users in a myriad of ways. The new platform has made several promises that could facilitate growth for the DeFi ecosystem. While facilitating growth for the DeFi ecosystem is a crucial part of Big Eyes Coin’s journey, the platform will also incorporate sustainability into its mission.
Sustainability will come in several forms for Big Eyes Coin, the most prominent being the charity wallet holding 5% of BIG tokens. The Big Eyes Coin team will make regular contributions to ocean conservation efforts, including plastic pollution and the well-being of marine life.
As mentioned above, Big Eyes Coin will host an NFT collection. While most NFTs are just something fun to look at, Big Eyes Coin will introduce utility to NFTs, allowing its community to utilise them as passes to exclusive events and parties, including the Big Eyes Sushi Crew.
Want to know more about Big Eyes Coin? Check out the video below!
The Sandbox’s Snoop Dogg NFT Collection
The Sandbox is known for many things. Its ludicrous NFT collections have sold for mammoth amounts, leading to many users playing the Metaverse giant. Snoop Dogg is one of many high-profile figures partnered with the Play-to-Earn (P2E) giant.
The famous rapper hosts an exclusive NFT collection with The Sandbox, allowing users to dress as Snoop Dogg and buy land next to his plot. One user reportedly paid $450,000 to be Snoop Dogg’s digital neighbour!
While Snoop Dogg’s NFT collection has turned a few heads, the most expensive NFT to be sold on The Sandbox NFT marketplace is a $650,000 virtual mega yacht. This showcases just how ludicrous The Sandbox NFTs are and the impact they had on the NFT sector.
What Happened To Axie Infinity?
At the height of its performance, Axie Infinity was a top performer in the crypto market, becoming the pioneer for the P2E sector of the crypto market. While the rest of the crypto market is in a state of decline, Axie Infinity has increased its market capitalisation.
The P2E giant has risen by 2.10% in the past twenty-four hours at the time of writing. This increase is a testament to the impact the platform has had on the NFT sector thus far, boasting a $3.6 billion trade volume on its NFT marketplace.
The most expensive Axie NFT sold for an eye-watering $820,000, showcasing the hype surrounding Axie Infinity NFTs. However, the platform has experienced a decline in users due to problems concerning decisions in the game. Axie Infinity has an extensive network of partnerships that could help it reach the top again, with the likes of Ubisoft and Samsung supporting the platform.
The Sandbox and Axie Infinity have undoubtedly impacted the NFT sector of the crypto market heavily.
Big Eyes Coin will look to replicate the success of these two platforms, producing a collection that could reach the top ten projects. If Big Eyes Coin adheres to this goal, it could make the biggest impact on the NFT sector out of these cryptocurrencies.
For more information on Big Eyes Coin (BIG), please visit the following links:
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