Ethereum-based Decentraland (MANA) and Polygon (MATIC) have established themselves as favorite projects on the network based on their contributions to the blockchain’s operations and NFT trade. However, Big Eyes Coin (BIG) is in the process of rewriting the memecoin narrative, and it seeks to overthrow the current favorites in the cryptocurrency market with its unique protocol. Stay tuned as we review the token, its protocol, and what its impending launch could mean for other Ethereum projects.
Decentraland–Pioneer Metaverse Platform
Decentraland (MANA) pioneered the Metaverse space in 2020 when it launched its virtual world to allow users to experience an alternate reality and exploit their NFTs even more. It is an Ethereum-based project depending on Ethereum standards to define its users’ items.
Decentraland (MANA) runs on a proof-of-stake protocol, allowing its users to stake their assets on the network, improving its security, and maintaining a fast response timeframe for transactions. The platform uses MANA tokens to run its economy as they provide fuel for its activities and give users a chance to decide the project’s future.
Decentraland’s Metaverse features NFT trade and blockchain gaming to entertain its users. The games are typically play-to-earn so players can compete in multiplayer rooms for token rewards. There will also be an NFT marketplace, where users can mint their NFTs for use on the network or sale to other users in the crypto space.
Decentraland (MANA) enables its users to promote their merchandise on the platform through virtual stalls and billboards. Artists are also encouraged to open spaces in the NFT marketplaces to sell their art and find sponsors.
As stated above, MANA tokens are the official token for the Decentraland platform. They are available on CoinMarketCap for $0.66.
Polygon–Ethereum Substitute in NFT Trade
Polygon (MATIC) has been a longtime favorite of NFT traders, as its most famous application in the cryptocurrency market is substituting for Ethereum as a payment method on several NFT marketplaces. The protocol was launched in 2017 to aid the Ethereum network in handling its increasing user traffic, and it has accumulated a significant market capitalization improving Ethereum’s scalability.
Polygon (MATIC) launched a proof-of-stake protocol that promotes staking to improve its blockchain security. The stake protocol also allows the Polygon network to achieve high transaction speeds, which is a significant contribution of Polygon to the Ethereum network.
Polygon was designed with bridges linking it back to Ethereum to facilitate a two-way asset transfer mechanism. The bridges allow users to send their assets from ETH blockchains to MATIC blockchains, where transactions can occur at a faster rate. After each transaction, users can send their tokens back to the Ethereum network through the same bridges. Hence, Polygon (MATIC) is a better extension of the Ethereum network, although users are still subject to the same gas fees as on Ethereum.
Polygon’s MATIC token is the official token used to stake and vote on the platform. MATIC coins are listed on CoinMarketCap for $1.27.
Big Eyes Coin–Feline Memecoin with NFTs
Big Eyes Coin (BIG) has been in its presale phase since September 2022, realizing over $31.6 million in pre-ordered tokens. The developers hope to offload all the initial token supply before the token launches, so they have created lootboxes to give users a chance to increase their BIG assets at reduced costs.
The lootboxes are essentially smart contracts that bind an amount of Big Eyes Coins. They sell for a specific price, and on buying, the user automatically gets all the tokens in the lootbox. Lootboxes are a cheap way to increase your stake within the Big Eyes Coin (BIG) community; what’s more, they are getting exhausted fast, so now’s a great time to get yours.
The Big Eyes Coin (BIG) will feature extensive NFTs for its community, as the Sushi Crew project will be fully functional soon after the token launch. Sushi Crew is Big Eyes Coin’s equivalent of an NFT marketplace, and it will permit users and developers to generate NFTs based on multimedia content that interests them, while allowing trade between users on the network. All NFT transactions will be free of charge, as the developers wish to relieve users of the high gas fees Ethereum charges on its transactions.
Big Eyes Coin (BIG) is almost out the door. Head to the presale page to get your lootboxes before they run out.
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