Place/Date: - October 28th, 2022 at 11:39 am UTC · 4 min read
Source: Big Eyes Coin
Once upon a time gaming-related cryptocurrencies like Axie Infinity (AXS) and The Sandbox (SAND) seemed like the promised land.
The prospect of playing fun games and simultaneously winning crypto was revolutionary and enticed many gamers to indulge in the crypto industry. Not to mention, the invention of the Metaverse which presented an alternate reality and a pleasant escape from everyday life.
However, despite their potential, gaming-related coins are not at the summit of the crypto universe. Rather, they have maintained their position in the crypto rankings or decreased significantly in value.
Meme currencies, on the other hand, are on the rise. More and more weird and wonderful coins are being introduced and Big Eyes Coin (BIG) is the latest to stroll into the scene.
And the timing could not be any better. With both Bitcoin (BTC) and Ethereum (ETH) experiencing upward trends recently, the crypto economy is set to emerge from the flames like a phoenix.
In theory, this should result in all cryptocurrencies experiencing an increase in investments.
Yet this is not necessarily the case and due to meme currencies proposing a range of interactive features and profit-making NFTs, there is a danger that the likes of Axie Infinity and The Sandbox lose investors to less time-consuming and ultimately more lucrative coins.
The Sandbox is a virtual reality game based in the Metaverse where users can monetize their gaming experience. There are three main in-game tokens used to keep its economy flowing: SAND, LAND, and ASSETS.
When it comes to monetization, LAND is crucial. This token allows users to create games and interactive experiences which can be used to charge other players.
For example, Snoop Dog announced an upcoming concert in The Sandbox and you can rest assured knowing someone will make a healthy return from this event.
When Axie Infinity was first released in 2018, it seemed like a great idea. Many people enjoyed playing Pokemon growing up and the chance came to rediscover their passion while simultaneously earning crypto.
Axie Infinity is essentially the crypto-version of Pokemon where players battle their Axies against other players and computer-generated monsters in a bid to win and then sell Smooth Love Potions (SLP) for profit.
During the peak of the pandemic in 2021, this concept was successful as numerous Filipinos played Axie Infinity to increase their income and survive during a worldwide economic crisis.
However, this triumph was short-lived and at the time of writing, Axie Infinity has gradually dropped from its all-time high price of $160.62 to a measly $9.
It’s fair to say Axie Infinity was useful during a time of social isolation, fewer jobs, and curfews. But with the world returning to normality, the idea of playing a pokemon-like game for money does not seem like such an attractive proposition anymore.
Big Eyes Coin has surpassed $9 million in sales since the inception of its presale and it is only going to keep growing.
The cat coin is set to revamp the meaning of meme coins and cryptocurrencies in general with outstanding features such as top ten NFTs, an interactive cat-loving community, and charity donations.
Big Eyes’ plan to donate 5% of its total supply to ocean-saving charities is especially impressive.
You would think in an industry worth billions there would be hundreds of cryptocurrencies trying to make a positive difference to the environment, yet this is not the case. Big Eyes Coin is one of few that will help reduce global warming and improve fish health.
Nevertheless, Big Eyes Coin’s inevitable success in the crypto market will inspire future coins to do the same, until charitable contributions become the norm.
And if you want to become part of the change, you can use the code BEYES883 to gain a bonus on your coin purchase.
Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.