With the crypto market coming back on track, investors have been mulling over the environmental impact of mining NFTs. Digital artists didn't lose faith in the power of blockchain technology even during the crypto crash. So now when everything is normal again, brands and individuals are minting more NFTs than ever.
Some tokens have accepted their social responsibility and taken steps to reverse-engineer the negative effects of mining either by changing the mining mechanism or by donating to environmental projects.
However, in a sea full of seagulls, how do you choose the best ones? We are here to help.
You can save the environment by owning NFTs by Big Eyes Coin (BIG) and Cardano (ADA).
Cardano (ADA) is now the third-largest non-fungible token (NFT) protocol by trading volume, according to a report by blockchain and decentralised apps (dApps) analytics firm DappRadar.
One of the striking features of the Cardano blockchain is that it works on a consensus mechanism of proof-of-stake (PoS), where miners do not require high-computing power to solve complex mathematical puzzles.
This way, miners can mint on their phones which decreases the possibility of e-waste and high electrical power, contributing to an eco-friendly mining process. Other NFT projects are minted on the Ethereum blockchain which uses a proof-of-work (PoW) mechanism. PoW requires superior computing power resulting in high levels of carbon emissions.
NFTs play a big role in Big Eyes Coin's (BIG) ecosystem. As a community-driven token, Big Eyes Coin relies on decentralised decision-making when it comes to roadmaps and the future of the token. However, NFTs are intrinsic to the coin's substance.
This cute cat token will be launching ten NFT projects with its cat mascot taking to the sea. The entire project revolves around the cat's love for sushi and how it wants to save the ocean and the fish.
As part of its social responsibility, Big Eyes Coin has pledged to give away a significant amount of profit to ocean charities. When you see other meme coins, they are either running on a proof-of-work (PoW) mechanism or have no donation projects under their roadmap.
Big Eyes Coin will also be launching an NFT club where the owners will be able to buy, sell and hold digital assets by using the BIG token. The owners of the token will attend exclusive NFT events and conferences.
As Big Eyes Coin has secured a CEX (centralised exchange) launch, the owners of the NFT will find it much easier to navigate between the platform because of its super easy-to-use UI.
Understanding social responsibility is the first step towards building a better future. Many cryptocurrencies get flak for not improving the mining mechanism. Bitcoin, in particular, has been touted to be 'beef coin' because of its drastic environmental impact.
However, Caradno and Big Eyes Coin are making sure that the world can have both, NFTs and a greener planet.
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Website: https://bigeyes.space/
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.