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Blockchain Entertainment: Here’s How Ethereum, Bitcoin And Big Eyes Coin Will Revolutionise Yet Another Industry

IndustryTrends

Cryptocurrencies have impacted almost all areas of life. When Bitcoin (BTC) was launched, very few people would have thought that blockchain technology would come so far. Bitcoin's white paper, published in 2009, was so well written that it inspired a plethora of coins that would constantly evolve for the next decade, changing the digital landscape of finance and learning on the way.

With the invention of NFTs (non-fungible tokens), art found a new cultural expression in blockchain technology. The idea to have your artwork, illustration or even a meme that you made out fun, shilled forever on a robust ledger, is exciting. Bonus: you can make money out of it.

Barring the crypto crashes, cryptocurrencies have performed exceptionally well in the grand scheme of things. One might argue that they are volatile. However, even the financial and commodity markets are volatile, and it's no accident. Volatility is a feature, and not a bug.

And now, with big corporations like AMC entertainment, Nike and FIFA entering the crypto market in their own ways, the possibilities seem endless. Here's how Ethereum, Bitcoin and Big Eyes Coin (BIG) will revolutionise yet another industry.

Ethereum, Bitcoin And ApeCoin: Changing With Time

Bitcoin's mechanism has more or less remained the same since 2009. However, the code is so superiorly designed that it doesn't need rewrites. Bitcoin's prime utility lies in its storing value. Investors can buy bitcoin or a fraction of bitcoin for its increasing value.

Ethereum, on the other hand, has had several changes over time, adapting to the new changes. Most recently, Vitalik Buterin, ETH's co-founder, revealed a new roadmap that would solve some of the issues in mining.

Ethereum is used to develop dApps and other crypto coins. Most of the NFTs on OpenSea (NFT marketplace) are shilled on the ETH network because of its robust technology and ability to process multiple transactions in little time.

ApeCoin (APE), which has shifted the cultural landscape of art, gaming and entertainment, is the native token of BAYC. The NFTs in BAYC are owned by several cultural icons such as Eminem, Snoop Dogg, and more.

Big Eyes Coin: Cuteness Is The Currency

Running on the Ethereum network, Big Eyes Coin (BIG) has made a name for itself in the meme token industry. Investors have been gushing over its utility factor and the cute cat mascot. According to its white paper, Big Eyes Coin is a community-driven token which intends to pour wealth into DeFi markets. It will also be launching a carefully designed NFT club for its users where they can exchange digital assets.

Investors have also praised Big Eyes Coin's sustainability wallet where the community has pledged to donate to ocean preservation projects. In stage five, the community made its second donation. Moreover, Big Eyes Coin has also donated to organisations working for raising awareness about mental health.

To Sum Up

Big Eyes Coin's NFTs could dethrone BAYC. Big corporations might use BIG tokens for their viability and ability to process faster transactions. This is an exciting time for all industries, and soon blockchain technology will revolutionise the film and entertainment industry.

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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