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NFTs have transformed the crypto market, and ever since the rise of the infamous Bored Ape Yacht Club (BAYC), NFTs have majorly diversified. NFTs now range anywhere from avatars and one off artwork to gaming and collectibles. Ethereum (ETH) and Binance (BNB) offer some of the top NFT marketplaces while new meme coin DogeMiyagi ($MIYAGI) is set to launch an exclusive NFT collection.
The Ethereum blockchain hosts numerous projects and crypto coins, so it’s no surprise that it has also become a hub for NFT marketplaces, boasting up to 41 marketplaces on its blockchain. One of the most prominent platforms is OpenSea, which was launched in 2017 and quickly rose to fame as one of the most widely used marketplaces in the crypto world. OpenSea has provided creators and collectors with a bustling marketplace to trade a wide range of NFTs. However, it was the introduction of the BAYC collection that truly catapulted NFTs to the mainstream.
BAYC, residing on the Ethereum blockchain, has become one of the most renowned digital collectibles to date. With over 10,000 unique NFTs in circulation, the collection has not only captured the attention of the crypto community but has also garnered significant interest from celebrities outside of the crypto sphere. The success of BAYC has paved the way for other innovative NFT projects and demonstrated the lucrative potential of the NFT market.
Binance: An NFT Marketplace Giant
As the world’s largest crypto exchange, Binance has also recognised the immense potential of NFTs and integrated them into its marketplace. Binance hosts its native token, BNB, and offers a platform where users can trade a diverse range of original NFTs. What sets Binance apart is its seamless trading of Bitcoin Ordinals inscriptions, eliminating the need for intermediaries in this process.
Binance has also partnered with high-profile celebrities and institutions, hosting exclusive NFT drops that further propel the growth of the NFT ecosystem. Although Binance’s NFT marketplace currently does not support Bitcoin’s BRC-20 tokens, it has expanded its supported networks by including NFT collections from Polygon.
DogeMiyagi, an emerging meme coin built on the Ethereum blockchain, is set to disrupt the NFT space with its upcoming NFT collection. This project aims to create a vast collection of NFTs that go beyond simple avatars. Designed to be an elite club, DogeMiyagi offers a vibrant ecosystem that combines martial arts, nostalgic childhood recollections and an entertaining atmosphere, promising a truly immersive experience for its community.
Currently, in the research and development phase, DogeMiyagi NFTs will drop after the big launch. Buying a DogeMiyagi NFT will give holders privileged access to an exclusive domain with continual benefits and offerings. DogeMiyagi is committed to exclusivity, community, transparency and enhanced trust and showing potential to become a top meme coin this year.
The NFT landscape has seen a remarkable evolution. The success of previous NFT collections has demonstrated the lucrative potential of NFTs and their appeal to a broader audience. One thing remains certain: NFTs have revolutionised the world of digital assets, and their impact on the cryptocurrency landscape is far from over. As a new meme coin with big ambitions, DogeMiyagi is using NFTs to help propel it to the top of the meme coins space.
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Disclaimer: This content is not a part of NFTgators’ editorial content and is not an investment advice. Do your due diligence before making any decision.