The Future of NFTs: How PFP-Based Projects Took Over the Market

Some of the first NFTs ever made were a series of PFPs, or profile pics designed to be used as avatars for social media accounts. Among the first in the subgenre were the “CryptoPunks,” which were created by Larva Lab founders Matt Hall and John Watkinson starting in 2017. Their 10,000 algorithmically generated portraits of punks come in the super small size of 24 by 24 pixels, with ultra-rare alien and zombie types popping up a handful of times. When Hall and Watkinson first created