Among the terms NFT (non-fungible token) and Metaverse, you will undoubtedly come across the term PFP; what does it mean?
Photo for Profile. When a community rallies around a project and switches out their social media avatar for one of the photos of the NFTs they now proudly own in said project. It can convey the idea of your social status and being one of the community projects members. A way to signal others you now belong.
Along with a ready-made community, PFPs can come with some solid perks for the owners. The utility is promised in the roadmaps the project plans to execute. These can be as simple as commercial rights to each owner and complicated as a Dao and future staking capabilities.
As more and more PFP projects enter the space, it can be confusing to know which ones will be trending for the long run and which ones are a rug pull. We, therefore, strongly encourage you to DYOR (do your own research).
A good rule of thumb is to look for ones that are open about the team behind the project, have a strong discord community, and have good metrics -or a higher number of unique holders.
While finding PFPs is easy, the actual making of them is anything but. If you are an NFT creator and thinking about jumping into PFPs, here are some tips and suggestions I learned while creating my own: The Lost Avatars.
The number of mints can be as low as 100- 500 to as high as you want, with up to 10,000 being a typical number. There is no hard and fast rule; they all will require more work to create than a 1 of 1 NFT.