NFTs heralded the expansion of blockchain technology into the domain of arts and collectables. The new space started as a curiosity and has grown into a $21 billion market with a CAGR of more than 33%. Few networks have played a role in driving NFT adoption, like the BNB and Apecoin (APE), with the networks becoming leaders in the NFT space. This article will look into the success of BNB and Apecoin in driving NFT adoption.
It will also look at DogeMiyagi (MIYAGI), a meme coin in a presale that looks set to take on the NFT market with its brand of NFTs. Read on to find out more about the networks making a mark in the NFT world.
BNB: The Best Exposed NFT Marketplace
BNB, the native token of the Binance Smart Chain (BSC), is a leader in many blockchain developments. The network’s prowess in blockchain technology extends to the NFTs too. The network’s NFT marketplace, Binance NFTs, is one of the largest in the field. It also boasts a huge audience due to the strength of Binance.
BNB has remained a favourite for minting NFTs due to its many advantages over its peers. The network operates on a fast and secure blockchain, ensuring smooth transactions and reliability. Transaction costs are also minimal on BNB, making it an attractive destination to mint NFTs.
Additionally, BNB has the strength of the Binance ecosystem and its huge user base behind it. The exposure the Binance NFT marketplace gets is unparalleled. The availability of a large marketplace also ensures the smooth trade of NFTs. The large user base makes BNB the most preferred network to build NFTs, making it a huge draw for creators.
ApeCoin: The Superstar Association With Bored Ape Yacht Club
ApeCoin, an ERC-20 token launched by Yuga Labs, gained significant popularity through its association with the Bored Ape Yacht Club (BAYC) NFT collection. As the official token of BAYC, one of the most renowned NFT collections globally, ApeCoin is one of the most recognised brands in the NFT market.
Apecoin’s foundation is built on the Ethereum network and gives its robust security and scalability of the network. The network offers of security give Apecoin credibility as a platform to trade NFTs securely. Additionally, ApeCoin’s active and vibrant community and its association with BAYC have propelled it into the mainstream of the NFT world.
DogeMiyagi: Driving NFT Adoption Forward
DogeMiyagi has caught the market’s attention by rebooting Mr Miyagi in a furry canine avatar from the Karate Kid franchise. The meme coin is built on the Ethereum blockchain. The network hopes to stand out from the crowd with its roadmap for the future. The network has plans to be a full DAO upon its launch, affirming its commitment to its community.
NFTs remain a core part of the DogeMiyagi project’s journey to mint wealth for its community. $MIYAGI will power NFTs that could be traded on the network’s NFT marketplace. The platform hopes to unveil a large collection of NFTs and hopes to drive NFT adoption by banking on the network’s memable attributes and engaged community.
In conclusion, the NFT market has grown immensely in the past few years. The market’s high growth has made it one of the most lucrative niches in the wider blockchain market. BNB and Apecoin have driven NFT adoption with the strengths and popularity of their networks. DogeMiyagi joins the heavily contested space on the back of its community-centred approach. The network’s push to develop its own NFT ecosystem will make it a top destination for creators and drive NFT adoption further.
For more about DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi