And whilst in the beginning, all 10,000 NFTs could be claimed by anyone for free, now, they can only be bought. The collection was created by Matt Hall and John Watkinson, founders of Larva Labs. Everyone could adapt a profile picture similar to their real self. This was the first NFT project that showed people representation for different communities. The differences can be in (facial) hair styles and colours, skin colours and accessories. What makes them stand out is that first of all, there are 10,000 of them, and second of all, they are all different. They depict pixel art avatars of punks, though their heads only. These were released in 2017 but didn’t gain their popularity until 2021, settling the first example behind the PFP NFT meaning.

The concept of NFT avatars was first introduced through the NFT collection CryptoPunks. What once was a way to prove ownership over your own art, through NFTs, has now become an opportunity to showcase your own collection through online avatars. We are talking about NFT Profile Pictures here which are used on some of the major social media platforms. Social Media plays a huge role behind the usage and meaning of the PFP NFT.

They have been used as memberships, virtual properties and have a great future ahead. They have enabled a secure and proper way to own, sell and swap art pieces of any kind. Non-Fungible Tokens, so far, have been a great in terms of providing ownership to artists over their own artwork. This new web focuses on decentralization and ownership by the public, rather than different bigger organizations.Īssets like cryptocurrencies and NFTs will be heavily involved and given that they’ve been a big deal so far, they’ll become even bigger a deal.

NFTs have become a leading technology in the Web3 movement, which resembles the new and upcoming version of the internet as we know it.

Pfp meaning discord