Exclusive digital ownership of different treasures including artwork, music, and videos is offered by NFTs with real equity. They run on the same blockchain technology that underpins Bitcoin and other cryptocurrencies. There’s a strong probability that every one of you owns at least one of them. Due to this, many different crypto projects have made the move to include NFTs as a big part of them. DogeMiyagi (MIYAGI) is the latest to do this, but will this lead to even more success for it? We can take a look at how it has worked for Binance (BNB) and Ethereum (ETH) to come to a conclusion about that.
What is DogeMiyagi?
The DogeMiyagi (MIYAGI) project is a community-driven meme coin, and MIYAGI, the project’s native token, functions as an ERC-20 token on the Ethereum blockchain, enabling the development of a dynamic community. The functionality of the meme coin includes a number of characteristics, including peer-to-peer cryptocurrency transfers, international payments, network governance, and other functions. Its meme potential distinguishes it from other cryptocurrencies and adds to its value.
DogeMiyagi sets itself apart from other cryptocurrencies by taking pride in being totally community-driven and decentralised. Additionally, community members can participate in a referral system to earn extra tokens for free. To promote community growth and raise the value of the MIYAGI token, they are offering a 10% addition on investments made by referred members. The referral system is a clever approach for members of the community to make money and advance the community at the same time.
Binance, Ethereum and NFTs
More than just being the largest cryptocurrency exchange in the world, Binance is actually a company that has its hands in almost every potential market in the crypto world. Its platform is the home of BNB, one of the most valuable cryptocurrencies available today. On top of that, they’ve been very involved in the NFTs movement, with their marketplace being one of the most popular among users all over the world.
Binance’s marketplace stands out for the low trading fees, which are only 1%, that it provides for the large variety of exclusive content available. The platform benefits from running on its own blockchain, which gives it a competitive edge. It is user-friendly and uses similar technology and layouts to Binance’s exchange. You can buy individual items and mystery boxes filled with different curated sets. There are also “standard” and “premium” collections available. While premium collections are limited releases by well-known influencers, standard collections include products created by ordinary people.
Much like Binance, Ethereum is also one of the biggest brands in the crypto world. As the number 1 blockchain network and the host of the second biggest crypto on the market, it was only natural for Ethereum to also venture into different spaces and with the increased adoption of NFTs, it made sense for that to be one of them. With that said, with Ethereum being a blockchain that hosts and develops other projects, its NFT marketplace would behave the same way. The largest blockchain network available powers up to 41 separate marketplaces, but OpenSea is unquestionably the most well-known.
The platform, which was first introduced in 2017, swiftly gained popularity and was one of the most widely used cryptocurrency marketplaces by early 2022, when its income peaked at over $2 billion. The flexibility it provided users to trade while on the road via an app for both Apple’s iOS and Android contributed to OpenSea’s success.
Spelling of profitability and success. Numerous high-profile personalities, like music executive and entrepreneur Russell Simmons, have held NFT drops on the Binance NFT marketplace. The site is used by thousands of people, and as a result, many successful and substantial sales have come from them. The highest reported sale on the platform for newbies was $2.8 million.
DogeMiyagi and NFTs
The newest meme coin, DogeMiyagi, is joining the NFT community with its own marketplace for precisely this reason. A strong and sizable community is what the future website DogeMiyagi, which will allow users to create memes, exchange their assets, and do much more, aims to build. DogeMiyagi is also building a unique NFT club where members will be able to take advantage of the ultimate exclusivity of the NFTs released while learning more about them. DogeMiyagi’s dynamic environment. Users can gain exclusive access to a certain domain where they can benefit from a number of advantages that will gradually develop and change over time by acquiring a DogeMiyagi NFT.
Given the very nature of NFTs, it should come as no surprise to anyone that many, if not all, memes have their own NFT counterparts that both capitalise on their success and expand on them by turning them into genuine assets with utility that goes beyond simply being hilarious. With the potential equity that can be created by owning multiple NFTs, it’ll drive more people to projects like DogeMiyagi that give them more opportunities to build their collections.
For more information on DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
