Non-fungible tokens (NFTs) for Profile Picture (PFP) have taken control of the NFT market. The importance of these generative avatar projects has only grown as the NFT ecosystem has expanded since they attained incredible popularity in 2021.
A PFP NFT is fundamentally a digital token or piece of art that is intended to be used as a person's profile picture on social networking. Many of the most well-known NFT collections in the world, like Bored Apes and Doodles, are PFPs.
PFPs exist at the nexus between generative art and collectibles. They resemble trading cards in that they typically come in big amounts (10,000 or so) and have varying levels of rarity, making them collectible.
PFPs are generative as well, though. They are made using a straightforward plug-and-play technique, in which users input various traits—such as body type, head form, backdrop color, etc.—into an application, which then assembles a sizable number of NFTs at random.
Numerous creators and developers have been able to release both original and cloned collections in the style of the original PFP project, CryptoPunks, thanks to this technique. The NFT market is saturated with PFP collections, therefore we've produced a list of the most well-known projects, ranked by total sales volume, to help you understand which ones have endured.
What Are Generative Avatar Projects?
Individual collections of digital assets known as generative avatar projects are what users use as their Profile Picture (PP ) on numerous internet services like Twitter, Instagram, Facebook, etc. These collections typically include up to 10,000 different avatars, with no restrictions on inventiveness, ranging from apes to zombies to mythical beings.
Each avatar stands apart from the others thanks to a special mix of characteristics. Some generative avatars have additional uses besides serving as your online persona, including providing access to special events and NFT games. You can also flip, lend, or stake these NFTs to make some good money because these avatars are created on different blockchains.
CryptoPunks
As the source of inspiration for the creation of the ERC-721 standard itself, CryptoPunks, developed by Larva Labs in 2017, deserves to be listed first. One of the first generative avatar projects on the Ethereum blockchain was called CryptoPunks, and it had 10,000 avatars in total.
By owning an Ethereum wallet, you might get the inaugural edition of CryptoPunks for nothing. The 24x24 computer-generated pixel-art avatars include a variety of punks, including humans, apes, zombies, and aliens, who may be identified by their looks and accessories. With a price tag of $11.75 million, CryptoPunk#7523 is the most expensive avatar other than CryptoPunk#9998, which was illegally sold for half a billion dollars.
Bored Ape Yacht Club
The Bored Ape Yacht Club was founded as a result of the proliferation of pricey and inaccessible NFT projects (BAYC). It offered numerous unique advantages and a debut price of just 0.08 ETH per ape. 10,000 different Bored Ape avatars are part of the BAYC collection and are stored on the Ethereum Blockchain.
Each Bored Ape NFT is unique in terms of its face expression, accessories, fur color, and other characteristics. The Bored Ape NFTs are inspired by CryptoPunks. Owners now have unique access to private events and benefits thanks to Bored Ape Yacht Club. Developers also handed proud Bored Ape owners a bonus: vials of the Mutant Serum that gave rise to the Mutant Ape Yacht Club.
Cool Cats NFT
Cool Cats NFT is a top-tier generative avatar project with a high floor price thanks to the internet's love of cats. Based on a Blue Cat cartoon, the collection features 9,999 original cool cat avatars with various trait combinations. The developers of Cool Cats NFT can permit the breeding of a second generation, and each avatar has a varied rarity.
The most expensive cool cat (Cool Cat #1499) was sold for an astounding $3.5 million in addition to the high floor price. Owning a Cool Cat provides you special access to activities like NFT claims, raffles, and neighborhood giveaways. There isn't any other use for the avatar NFTs besides these.
World of Women
World of Women is the first generative avatar project inspired by women, however other avatar NFT projects have been influenced by animals and other creatures. In order to balance representation in the NFT realm, the NFT collection only includes female avatars. Yam Karkai, who swiftly gained notoriety with the project launch, produced the digital avatar collection. The avatar NFTs also includes benefits like admission to the investors club and a 50% royalty share on OpenSea secondary sales, the proceeds of which go toward supporting female NFT artists. The World of Women group celebrates diversity, openness, and fair treatment of all people.
Doodles
10,000 vibrant NFT avatars known as "Doodles" were made by renowned artist Burnt Toast and former Dapper Labs employees Jordan Castro and Evan Keast. Holders can vote on various initiatives that make use of the Doodlebank community treasury in this project that is centered on the community.
Recently, investors and prominent people like Pranksy, Future, and Dillon Francis bought a lot of Doodles, making them incredibly popular. It is safe to say that Doodles is here to stay thanks to a strong community and an incredibly committed workforce.
Weird Whales
Weird Whales is a collection of 3,350 generative pixelated whale avatars created by 12-year-old Londoner and coder Benyamin Ahmed. Even though this project's resale performance hasn't been as strong as some of the others on the list, its history definitely justifies a position. When Benyamin first began programming at age 5, he was attracted by the idea of NFTs. He created his own NFT project, which sold out in less than 48 hours, using an open-source Python script that was influenced by CryptoPunks. It's worthwhile to check through the Weird Whales collection.
Written By - Kritika Sharma
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