Hey Juunglers! How are you all? I bet you recognized the word 'Juungler' isn't it? The people who are making trades in Juungle.net, the first Non-Fungible Token Marketplace (NFT) made on Bitcoin Cash. And maybe for new people who can hear/read about it can possibly ask why is it Juungle? hey! You doubled the letter 'u'. Is that typo? No it's not dear. That's how spelled the most joyful and enjoyable marketplace before.
Now maybe you will ask "wooaahh why before? How about 'now'?what happened to Juungle?. Well honey, nothing is wrong with in the NFT marketplace. The market is still there but the life there was changed a little bit. And here's why?
Early this year when the Non-Fungible Token or widely known as NFTs Topics boomed due to the influence of the Cryptopunks, claimed to be the first NFTs sold expensively in the popular NFT marketplaces like opensea- a marketplace where you can buy NFTs using ethereum.
Also read: Why Cryptopunks are expensive?
Minting , buying and selling NFTs in that marketplace can cost you a lot especially the fee for every transactions you have made and you can't assure if your NFTs can be sold due to many competitors. Then the opportunity has come when an NFT marketplace for Bitcoin Cashers has arrived. That means, we can now freely sell and buy NFTs without worrying about the fees 'cause Juungle.net is here!
We can't deny what Juungle gave to us. You know, exploring the Juungle during those days was the enjoyable things you can experienced as Bitcoincashers. Just imagine, you can ride on the trending topic in crypto space using Bitcoin Cash? that Ethereum hodlers and Ethereum NFTs collectors can supposedly experience those?
Anyway, a big salute for Sir JT..
Juungling become more enjoyable due to the endless free NFTs you can get from faucets. You should become competitive for this to get a plenty of claims XD. More claims more chances of having Bitcoin Cash 'cause every NFTs has equivalent values.
The first popular faucet during that time was the Waifu faucet which is the first NFTs in the Juungle Marketplace. And the amazing thing about it is that, Waifus has the record of having 1BCH sale of a single Waifu. That's the all time high trade made on the Marketplace.
After the Waifu faucet, the other faucet appeared like the Fluffy Ponies where you can claim free cute ponies, Zombies NFT, Crypto Rats NFT, AshWick and many more. Juunglers can accumulate Bitcoin Cash trading them. It's more like buying low and selling high based on the quality. Some are selling them since they got it for free using those Faucets.
Well, remembering and comparing those days to the present, I can say that something's changed. After the unsuccessful flipstater for the Juungle 2.0, the number of trades decreased as well as the average sale, my known active Juungler disappeared and GC's become inactive.
Well atleast, the marketplace is still there and we can have some NFTs trades if we want to. In my observation, the price of the NFTs in the marketplace today become cheap compared before. You can now buy some cute Waifus under 0.001 BCH compared to our pricing before of 0.005 just for normal Waifus. Well, that's a great opportunity for you to make some collections or trading purposes. Just don't forget to check the other collections too.
Maybe these things happened for some reasons like:
The Marketplace is still young with only 2k+ of users.
The NFTs are cheap and I don't know why collectors don't love cheap but quality NFTs compared to those expensive and pixilated images. I mean, they are all the same. Just the network.
It could be the less exposure
Possibly the 'mint feature'.
Less artist or creators
Or the word NFT itself. Anyway it's not all about collections or what so ever, it's all about practicality and money.
How about you? What can you say about the current situation of Juungle ? Did you noticed something changes? What are those unforgettable things you have experienced being a Juungler? You can share it in the comment section and let's talk about it.
i have not explored this yet.. will look into this