What are PFPS and how do they work?

The term PFP refers to particular types of NFTs that are becoming the profile pictures of choice in many social media circles. PFPs — profile pictures — have taken non-fungible tokens (NFTs) to the mainstream. The trend was catalyzed by the rising popularity of CryptoPunks in 2021.

What is the crypto PFP trend?

The origin of the crypto PFP trend is most often associated with the meteoric rise of CryptoPunks, an NFT project created in 2017 that features 10,000 uniquely generated characters. The project’s popularity greatly increased in 2021, and CryptoPunks holders began to use their NFTs as their Twitter avatars.

What are PFP NFTS?

PFP NFTs: PFP, or “profile picture,” is a well-known social media phrase. On the other hand, NFTs are non-fungible tokens, which are assets with a distinct digital identity that is primarily present on the Ethereum blockchain. PFP NFTs usually consist of a randomized collection of traits with varying levels of rarity.

What are profile picture (PFP) non-fungible tokens (NFTS)?

But no, that alphabet soup has a meaning: We are talking about profile picture (PFP) non-fungible tokens (NFT). The abbreviation refers to the popular use of these NFTs as literal profile pictures on social media sites like Twitter. You may have seen celebrities showcase their Bored Ape Yacht Club NFT as their profile picture, for instance.