'PFPs: Personalization and Identity in a Decentralized World' web3 oct_network
Believe it or not, the current NFT PFP craze with its famous communities of fun-loving primates and felines has its conceptual roots in a refugee camp in the Netherlands.
While Crypto Punks have become the OG showpiece of the crypto world, BAYC was the first project to break into the mainstream and start the real PFP revolution. A number of celebrities, rappers, actors, athletes, and CEOs basked in the collective “flex” of displaying a distinctive Ape in place of their ordinary profile pictures.
Once upon a time, the alphabet changed the world by making written communication between people possible, and printing allowed the recording, forwarding, and accumulation of knowledge in large amounts. The power of the NFT can be hard to comprehend from the perspective of a passive viewer. The very idea of a simple JPEG that suddenly accrues enormous value seems ridiculous. But at its heart, ERC721 is simply one of the ways of recording data on the Ethereum blockchain, allowing the emission of different tokens with metadata , through smart contracts. They are a confirmation of authenticity .
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