What is a PFP NFT?

If you’ve read or seen the term PFP NFTs, you might have thought someone’s cat walked across the keyboard. 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.

Why is crypto PFP so popular?

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 is PFP (PFP) non-fungible token (NFT)?

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.