If you’ve been on Twitter for the past two years, you might have seen some odd drawings of monkeys floating around. These monkey pictures are a collection of non-fungible tokens (NFTs) created by the Bored Ape Club, a community-driven Ethereum project.
So what are NFTs? Are they just pictures of weird monkeys? Not quite. NFTs are digital assets stored on the blockchain. ‘Non-fungible’ means these tokens are unique and irreplaceable. They represent a wide range of digital content including pictures, videos, music, art, and even tweets. NFTs are assigned a unique digital signature when they are created which verifies their authenticity and value.
Whole communities have been built around NFTs. The Bored Ape Club in particular use their Bored Ape NFTs as a membership badge which grants them access to special events and merchandise. The social aspect of Bored Ape NFTs has led to their popularity, and these tokens have sold millions of dollars.
The reception of NFTs has been mixed. Some people believe they could revolutionise the way artists are paid for their work, while others criticise these tokens for not being energy-efficient and their involvement in possible scams. Either way, it seems the NFT industry is not going away anytime soon.
Floki Gemstone NFTs
Floki Inu features three NFT collections that give holders exclusive privileges and benefits within the Floki ecosystem. The different Gemstones give holders different benefits. For example, the Aurum Gemstone provides free access to FLOKI products, including Premium Floki University courses. They also get an advantage in Floki’s metaverse Valhalla.
Diamond Mind Gemstone NFT holders will get access to all the benefits the Aurum Gemstone holders do, as well as access to the FLOKI Debit Card when it launches. Investors can get these exclusive NFTs by being the first to buy FLOKI tokens on UniSwap or Pancake Swap.
Big Eyes Loot NFTs
The brand-new Big Eyes Coin has been dipping its paws into the NFT market since it arrived on the scene. It had even created its very own community of NFT holders called the Sushi Club. On March 31, Big Eyes Coin launched its Loot NFTs. The NFT collection can be minted on the Ethereum blockchain and is currently live on OpenSea. As far as meme coins go, Big Eyes Coin certainly has an incredible amount of potential. This kitty gives back to its Kitty Cuddlers community by gifting their loot boxes, giving to charity, and merch. As of the time of writing, Big Eyes Coin has raised over $32.92 million in its 12th presale stage.
The Future of NFTs
Proponents of NFTs claim that NFTs have carved a new path for artists and other creators to monetise their work. Since NFTs are one-of-a-kind and have unique digital signatures, one can argue this protects creators’ work and they can have ‘true’ ownership over these assets. On the other hand, there are environmental concerns, since it takes a lot of energy to create them. Additionally, there have been many scams involving NFTs, including rug-pulls and individuals profiting off of plagiarised artwork. It is important to research different perspectives before purchasing or creating NFTs.
For more information about Big Eyes Coin, check out the following links:
Mine Loot Boxes: https://buy1.bigeyes.space/?section=lootboxes
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL