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ToggleFrom mid-2021, Profile Picture Non-Fungible Tokens (PFP NFTs) became the dominant trend in the Web3 space. More than just digital artworks, PFP NFTs represent personal identity, community culture, and ownership values in the virtual world. What exactly are PFP NFTs? Why have they exploded so strongly? And what is the future of this trend? Let's explore with Allinstation through the following article!
[The rest of the translation follows the same professional approach, maintaining the structure and translating all text while preserving technical terms and proper nouns as specified in the initial instructions.]- Pudgy Penguins generate revenue from selling physical toys to holders
- BAYC grants commercial licensing of Non-Fungible Token images to each owner
- Azuki organizes offline events, sells exclusive merchandise
Most Successful PFP Non-Fungible Token Projects
Bored Ape Yacht Club (BAYC): A collection of 10,000 monkeys, targeting major investors. BAYC created a cohesive community, organized many events, and provided open intellectual property rights, allowing users to freely use their Non-Fungible Token images. BAYC accurately captured a large number of users on Ethereum as they entered the market, seeking life-changing opportunities and "aping in". As a result, they became wealthy, and many achieved financial freedom and lost motivation to earn money.
Azuki: Azuki is a collection of 10,000 anime-style Non-Fungible Tokens, targeting the Asian market. Azuki focuses on user experience and community elements, organizing many offline events and providing open intellectual property rights to users. Instead of targeting the European market, where most Ape holders are concentrated, Azuki targets the Asian customer base. From the name Azuki meaning red bean, a tree in Asia, to the anime-style images and Japanese cartoon characters, everything has created unique points that make Azuki stand out among similar collections.
Read more: What is the Azuki Collection? What's special about the Anime-inspired Collection?
CryptoPunks: One of the first famous Non-Fungible Token projects, with an 8-bit pixel style. The value of CryptoPunks lies in its historical significance and uniqueness, though not visually appealing, they are still particularly valuable to Non-Fungible Token collectors. As a pioneering, breakthrough project with historical value, despite the Non-Fungible Token images not being aesthetically pleasing, they are still specially valuable to Non-Fungible Token collectors. During the growth wave of 2021-2022, the average sale price of a Punks sometimes reached over $500,000. Notably, CryptoPunk#5822 was sold for 8,000 ETH, approximately $23.7 million at the time of sale.
Doodles: Doodles is a collection of 10,000 colorful hand-drawn PFP Non-Fungible Tokens. The project uses line art in chalk-colored images of cheerful human characters and non-human characters like pickles, cats, skeletons, aliens, and apes. Doodles was created in 2021 by the trio Evan Keast, Scott Martin, and Jordan Castro, also known as Tulip, Burnt Toast, and Poopie, with Martin (Burnt Toast) designing unique features for the Non-Fungible Tokens in the collection. Notably, the founders have created a name
Mocaverse – Metaverse Development Direction
Mocaverse is the second Non-Fungible Token collection in this list. Although not yet as successful as Pudgy Penguins, Mocaverse's continuous building spirit and clear direction are impressive.
Mocaverse aims to develop a Metaverse gaming platform including multiple games. Mocaverse Non-Fungible Token holders can participate in games and earn Moca XP to exchange for attractive rewards. This is a relatively new Gamefi model, and Mocaverse is leading this trend.
Future of PFP Non-Fungible Token: Web3 Identity & Creative Economy
PFP Non-Fungible Token is shifting from "digital profile picture" to "digital identity platform", which will accompany you across metaverse worlds, games, DAOs, Web3 social networks, etc. Future trends include:
- Non-Fungible Token + AI: Creating dynamic avatars customized by emotions and behaviors
- Non-Fungible Token + soulbound token: Creating non-transferable Web3 identity
- Non-Fungible Token + DID (Decentralized Identity): User authentication across applications
- Non-Fungible Token + Tokenomics: Sharing revenue from creative activities and IP usage
Summary
PFP Non-Fungible Token is not just a profile picture or artwork. They are symbols of digital identity, passports leading you into the Web3 world. From the historical CryptoPunks, BAYC shaping community culture, to Pudgy Penguins breaking through in Web2 commerce, each project is contributing to writing the future of Non-Fungible Token and digital identity.
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