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Just last week
Just last week, Pudgy Penguins introduced the #PENGU token, and yesterday Milady Maker quickly launched the memecoin #CULT on Ethereum.
Issuing tokens also brings many positive growth factors, such as:
The floor price of #PudgyPenguins has increased by 56% in 7 days, surpassing BAYC to stand at the top 2 in the NFT market in terms of market capitalization.
Memecoin CULT makes headlines when it trades above FDV levels higher than $600 million.
Not only the above 2 NFT projects issue tokens, but also: DeGods (#DEGOD), BAYC (#APE), Retardio Cousins (#RETARDIO),...
Why do NFT projects keep releasing tokens? What are the benefits of this?