NFT stands for “Non-fungible Token.” Something that is non-fungible is distinct and one-of-a-kind; it is made up of constituent parts that are not interchangeable. There are a lot of projects that use NFTs that have very strong potential to make significant gains in the next bull run. Here are 3 NFT projects worth taking a look at – Big Eyes (BIG), Axie Infinity (AXS), and Bored Ape Yacht Club.
Bored Ape Yacht Club is an NFT project launched by Yuga Labs, where investors can purchase a uniquely styled ape character NFT. Bored Ape Yacht Club split the seas and polarised the public – people either hate them and think the NFTs are a useless scam, or people adore them, going to pay up to £3.4 million for a single NFT.
However, whilst most people criticise the project as just overpaying for a digital picture you could screenshot, the focus of Bored Ape Yacht Club is community events. Apefest is an exclusive event only for owners of Bored Ape NFTs, with free food drinks, and music performances from artists such as Eminem, Snoop Dogg, Future, Lil Wayne, The Roots, and Lil Baby. Apefest happens every year, a star-studded Soho House-type event with many celebrities attending. It is one of the incentives to own a Bored Ape, a VIP ticket to connect with other people with similar interests.
if you believe in the cultural value of Bored Apes and cannot afford to invest in an NFT, then investing in ApeCoin (APE) is a great alternative to stay involved with the project. Bored Ape Yacht Club uses ApeCoin as its governance token, and to get involved in the APE ecosystem. ApeCoin was launched by the Ape Foundation, an organisation separate from Yuga Labs.
A common criticism of NFTs is that they have no inherent utility. One of the most popular P2E games right now is Axie Infinity (AXS) – an Ethereum-based game where players collect, battle and trade NFT creatures called Axies. If you acquire better NFTs, this will drastically improve your chances of winning more games competitively, and earning monetary prizes through tournaments and e-sports.
Big Eyes (BIG), an up-and-coming meme coin, aims to dethrone Dogecoin (DOGE) and become one of the most talked about meme coins this year. It has not yet launched the NFT part of its project. However, the launch of the NFT project is swiftly approaching, as Big Eyes is currently sailing through the presale, with $9 million raised so far! The addition of NFTs to Big Eyes will add even more value to the project, as people will be able to purchase and own a unique cat. In a similar vein to Bored Apes Yacht Club, Big Eyes’ NFTs will act as entries to exclusive events. Big Eyes NFTs are a natural extension of its heavy focus on community building.
The first planned NFT project is Big Eyes going to sea, a very apt artwork as Big Eyes ventures out onto the NFT marketplace, OpenSea for the first time. But also this emphasis on the ocean links with Big Eyes’ deep care and concern for the natural environment. Big Eyes is a meme coin with a big heart, a key cornerstone to its operation as a cryptocurrency is giving back to the world, and to the community. 5% of all tokens will be stored in a visible charity wallet, focusing on donations to ocean conservation charities. In addition, Big Eyes regularly donates to other charities, such as Luna Children, the most recent being $1000 to PetsforVets, a charity that matches up animals from shelters with army Veterans.
Although there is no tax on Big Eyes token purchases, for the NFTs there will be a 10% tax. The original seller will receive 4%, holders will receive 5%, and the remaining 1% will go to charity. This does not sound like a lot on paper, but across many different purchases, the 1% will have collected a hefty sum to be given to charities.
Many people dismiss NFTs as a fad with no utility, but in reality, many projects fully utilise blockchain technology to create innovative use cases of NFTs, from creating Pokemon-style creatures as NFTs, giving back to the world through charitable donations, to bringing the community together with exclusive events.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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