The cryptocurrency industry suffered a major setback in 2022 due to the bear market and the NFT market was no exception. It resulted in a sharp decline in sales, the departure of key figures, and a reluctance by consumer brands to introduce their non-fungible products. However, the new year has brought some hope for the industry.
The $32 billion FTX crash in November 2022 severely impacted and set the tone for downward momentum across the industry. But since the beginning of 2023, investors have found new hope as Bitcoin (BTC) and Ethereum (ETH) have surged by approximately 70%. In addition, the NFT market has also witnessed a jump in trend with data from January showing that global NFT sales volume had increased by 43%.
Despite the bear market in 2022, the NFT market has shown resilience, and the trend is not expected to continue. The new year has brought renewed hope to the industry, and investors are anticipating a positive outlook for NFTs in 2023.
Big Eyes Coin (BIG), having recognized the potential and impact NFTs have on the industry, is one of the best examples of a meme token that is building a blockchain ecosystem that self-propagates for hyper-growth using NFTs.
The Power Of NFTs In Cryptocurrency
Non-Fungible Tokens have been around in the cryptocurrency industry since 2014 and are defined as digital assets that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, often with cryptocurrency, and are generally encoded with the same underlying software as many cryptos.
As is the case of cryptocurrency as a whole, NFTs too are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. In 2021 the NFT market was worth an estimated staggering $41 billion, an amount that could perhaps be the total value of the entire global fine art market. NFTs exist on a blockchain and are typically held on the Ethereum blockchain, although other blockchains support them as well. An NFT is created, or “minted” from digital objects that represent both tangible and intangible items.
Big Eyes Coin – NFT Collection Ahead Of Live Launch
Big Eyes Coin (BIG) is an ERC-20 meme token created on the Ethereum network and since its presale launch, the token has garnered a lot of attention from meme coin enthusiasts, particularly among those who are fond of cats in the crypto industry.
The primary objective of Big Eyes Coin is to move its community’s wealth into the Decentralized Finance (DeFi) ecosystem. And in its latest initiative, the project is rewarding its loyal customers with a new range of Non-Fungible Tokens (NFTs) that can be minted on the Ethereum blockchain. These NFTs can be obtained by opening Loot boxes, which contain custom and unique cards that can be minted as NFTs. Additionally, users will also receive BIG tokens upon opening the Loot boxes. Each card can only be minted once, making them a valuable and exclusive addition to any collection.
The NFT collection will be listed on Opensea, an Ethereum-based NFT market. The minting cost for each NFT is 0.05 ETH, which is a reasonable price for collectors and traders on the platform.
The presale of the meme token is in its final stages and has so far raised $32.92 million in presale tokens. During this stage, the project has a bonus code, ‘BULLRUN250,’ which provides users with a massive 250% bonus on top of a BIG token or Loot Boxes purchase.
Big Eyes Coin’s Loot Boxes is an ongoing gaming feature that offers users a maximum return of 5000%. The feature comprises five different loot boxes, namely Saver Tin, Cute Box, Kitty Vault, Super Saiyan Box, and Excali-Paw Master Chest. Each box can be opened for a specific price ranging from $10 to $10,000. Buyers have to spin the loot box of their choice for a maximum prize of $500 to $1,000,000 worth of BIG tokens. However, even if a loot box does not result in any prize, the buyer is guaranteed to receive back money staked at a minimum.
NFTs are essentially like physical collector’s items, only digital and Big Eyes Coin has created a unique community that has attracted many crypto enthusiasts with its focus on DeFi and creative NFT offerings. The project’s ongoing Loot Boxes feature is an exciting opportunity for collectors and traders to participate in the BIG token ecosystem while potentially earning substantial returns.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL