Non-fungible token (NFT) crypto platforms like Big Eyes Coin (BIG) have gained significant traction, with this sub-sector of the cryptocurrency market seeing significant growth recently. But what are NFTs?
NFTs are digital representations of physical assets and run on self-executing lines of code (smart contracts). As a result, they are unique blockchain tokens with distinctive characteristics and traits that set them apart. This uniqueness ensures seamless verification of digital ownership using blockchain.
NFTs attracted attention with record-breaking sales in 2021. Since then, celebrities have been buying NFT avatars and displaying them on their social media handles. Even after the crypto collapse in 2022, the NFT ecosystem is hovering at a market valuation of around $10 billion, which is a promising demonstration.
Originally built on the Ethereum (ETH) blockchain, the NFT craze has since spread from the ETH blockchain to various competitors.
Today, most Layer 1 protocols allow users to develop or create new NFT projects at a far lower cost and a more scalable rate. These architectures have fueled increased demand for these cryptographically unique tokens. Although NFT tokens have found success in a cryptocurrency market dominated by titans like Bitcoin (BTC) and Ethereum (ETH), the acceptance of this evolving sub-sector is far from over.
With hundreds, maybe thousands, of NFT tokens out there, you only want to focus on the most promising ones. Let’s see our top picks below.
The sandbox (SAND) scores big
The Sandbox (SAND) is one of the best NFT tokens with notable popularity and adoption. Built on the Ethereum (ETH) blockchain, the platform is revolutionizing the gaming industry, allowing users to create 3D elements — like people, animals, and tools — in the Metaverse. These assets can then be shared and monetized across multiple platforms.
The Sandbox (SAND) offers three main products: VoxEdit, Game Maker and Sandbox Marketplace. VoxEdit allows users to create and animate 3D characters and objects in the Metaverse. In addition, Game Maker allows users to create free 3D games. In-game assets and NFT works can be sold on the sandbox marketplace.
SAND is the platform’s native token and has seen tremendous growth since its ICO. At the time of writing, The Sandbox (SAND) has a market valuation of $1.4 billion on Coinmarketcap.
Tezos – The multifunctional platform
The Blockchain project provides a more scalable framework for building dApps. The Tezos platform is a Layer 1 blockchain protocol. The strength of Tezos (XTZ) lies in its future-proof architecture, which allows for scalability without a hard fork (i.e. future upgrades will not result in a hard fork).
For users in the DeFi, NFT, and Metaverse ecosystems, the Tezos blockchain is known for offering powerful and low-cost transactions that ensure minimized expected costs and improved scalability.
Additionally, the Tezos (XTZ) Mandala project allows users to use digital mandalas as NFTs. The platform is powered by the XTZ token, which has a market cap of $1.5 billion and is ranked 38th on Coinmarketcap.
A cutie with a punch – Big Eyes Coin (BIG)
Big Eye Coin (BIG) is the next big cryptocurrency. It was created to attract more investors to join the decentralized finance (DeFi) ecosystem to create wealth and encourage the adoption of blockchain-based apps.
BIG, the platform’s native token, can be used for various operations such as: B. staking, setting up liquidity pools and earning rewards.
Experts are also excited about the platform’s incentive-based participation model. The benefits of the platform will increase as more people participate and earn BIG tokens and NFTs as rewards.
In addition, the network intends to further develop its series of cat-themed NFTs. Experts believe that given the state of the NFT business, this could be a great opportunity to launch another worthwhile initiative.
The network’s token, BIG, is currently available for pre-sale and can be purchased with ETH or USDT tokens. Big Eyes Coin (BIG), The Sandbox (SAND) and Tezos (XTZ) are three NFT tokens that show tremendous promise and potential.
The Sandbox (SAND), Big Eyes Coin (BIG) and Tezos are receiving a ton of support from their supporters and are showing no signs of slowing down. This is great news for NFT enthusiasts looking for the next NFT project to explode in the cryptocurrency market.
To learn more about Big Eyes Coin (BIG), visit the following links:
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers