Be A Part Of The NFT Revolution With ApeCoin (APE), Flow (FLOW), and Pac-Man Frog (PAC)
Be a part of the NFT Revolution through Pac-Man Frog (PAC). This is a sponsored advertising post nothing in the content should be construed as advice, it is meant for informational purposes only
Non-Fungible Tokens, or NFTs, have risen to global prominence over the last months. They are now extremely popular and several institutions and celebrities have started buying into them in order to get exposure to that emerging and explosive space.
NFTs are essentially digital creations that contain a cryptographic signature that is recorded on a blockchain, or a publicly-accessible – and therefore unfalsifiable – ledger, that is distributed and managed across a network of computers, known as nodes.
Ownership of an NFT is publicly recorded and therefore highly secure, much more than traditional, tangible valuables.
Moreover, NFTs are often released in limited batches, making their ownership not only unfalsifiable but also limited and exclusive, explaining the sky-high prices reached by some of these digital creations.
This article will present three cryptocurrencies that enable you to get exposure to NFTs without even having to buy one!
ApeCoin (APE)
The Bored Ape Yacht Club (BAYC) NFT collection was a huge hit, and now ApeCoin (APE) is the latest addition to the APE ecosystem. Think of it as essentially the currency for the entire APE ecosystem.
ApeCoin brings a much-awaited governance aspect to the APE ecosystem. Amongst other things, ApeCoin represents a governance token (in other words, voting rights), giving ApeCoin holders a say in the project’s development and important decisions.
As a way to show gratitude to its current community, ApeCoin decided to dedicate a portion of its reserve to Bored Apes or Mutant Apes NFT holders, rewarding them with free airdrops. The amount of the airdrop depended on the NFT’s rarity as well as the number of NFTs held by the person.
Amazingly, there have been accounts of people receiving nearly $200,000 worth of ApeCoin for free, for simply holding a Bored Ape or Mutant Ape! Quite a pleasant surprise isn’t it?
APE’s IPO did not disappoint. In its first week of trading, APE’s price rose more than 1200%. This mass popularity makes APE a particularly volatile token which often swings in double-digits every other day. Typically, APE rose over 20% in the last 24 hours, now trading around $16.11 at press time.
Despite its above-average volatility, ApeCoin still seems headed upwards and looks like a potentially interesting investment in the long term for those seeking exposure to the fast-growing APE ecosystem.
Flow (FLOW)
Flow (FLOW) is an interesting NFT-oriented alternative coin that has developed its own blockchain. Essentially, Flow aims at laying the groundwork for the next generation of blockchain-based games and decentralised applications (dApps).
Interestingly, Flow was founded by Dapper Labs, which received spotlight for also creating the highly-popular CryptoKitties NFT collection. Along with BAYC and CryptoPunks, CryptoKitties has become one of the most popular NFT collections, consisting of cats with different attributes of varying rarity that can be collected and bred together to create exclusive Cryptokitties.
Flow further developed a thriving network, partnering with a number of big industry names such as Binance,Opensea, Circle, Warner, Ubisoft, and others that are providing a solid basis for Flow’s ecosystem.
The Flow network therefore displays an appealing track record when it comes to developing and delivering massive NFT projects, setting high expectations for the future of the project.
Flow’s native currency, FLOW, appears as an interesting cryptocurrency to get exposure to the fast-growing NFT space.
Pac-man Frog (PAC)
Pac-man Frog (PAC) is a project in the launching that is now holding the presale for its native token, PAC.
Pac-man Frog plans to launch on Solana (SOL), one of the fastest blockchains existing at the moment. Indeed, Solanais able to handle a maximum of 65,000 transactions per second when Ethereum (ETH), the industry leader, can process 15 approximately.
Pac-man Frog was inspired by the ideal of decentralised finance, or DeFi. Therefore, Pac-Man Frog seeks to develop an ecosystem that puts the community first and connects individuals directly without interference from external intermediaries.
Among the many components of the Pac-man Frog ecosystem are an NFT launchpad, an NFT aggregator, game incubators, and a GameFi (Gaming Finance) NFT marketplace powered by the Solana network.
Ultimately, Pac-Man Frog’s goal is to include a decentralised investment fund in its ecosystem, similar to adventure capital (VC) entity. This entity would continue to connect individuals together and act as a reserve of pooled capital fed by interested individuals. These funds would then be used to invest in innovative blockchain-based game development studios and other promising startups.
PAC will launch on the market in the coming weeks. In case you are interested, Pac-Man Frog’s whitepaper and general information can be found on the project’s official website!
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