PFP NFTs are growing in popularity as they are used as personal representations on social media platforms. These NFTs, used as profile pictures, are attracting the attention of celebrities and influencers. They attract huge amount of attention through their big purchases.
PFP NFT is a virtual avatar in the digital world. It is a better depiction of the real world in the virtual world. It provides a way to project yourself and your choices in the digital world.
Some of the PFP NFTs which saw rally in the last week are discussed below.
degods nft
DeGods is a collection of 10,000 NFTs originally created on the Solana blockchain. Historically, it has been the most popular non-fungible token (NFT) launched on Ethereum. DeGods are highly sought after among collectors and investors.
There was an increase in sales last week which was attributed to the newly unveiled evolutionary artwork on the platform. This feature allows the NFT to change over time thus making the NFT more attractive.
Seven days of data on DappRadar shows that DeGods has a minimum price of $12.04K and an average price of $8.21K. It has sales of 2.68K. It has a volume of $23.73M and has 1.14K traders.
Bored Ape Yacht Club (BAYC)
BAYC is home to 10,000 unique collectible items. The value of these avatars depends on the number of unique characteristics they have. This NFT is a collection of different apes that share different characteristics.
Seven-day BAYC data shows a minimum price of $38.96K and an average price of $47.69K. It has a market cap of $1.33B and volume of $18.14M. There are 250 traders in this NFT and the volume of sales in the last seven days was 384.
Mutant Ape Yacht Club (MAYC)
MAYC is a collection of 20,000 unique mutant apes. It provides the advantage of exclusive merchandise and information on NFT drops. Their transaction data doubled in the past week, which is part of the reason for its boom. When BAYC is exposed to a vial of serum, it converts to MAYC which creates an entirely new range of NFTs.
MAYC has the lowest price of $7.48K and the average price of $9.49K. It has a market capitalization of $510.67M and a volume of $8.64M. There are 509 traders in this NFT and the volume of sales in the last seven days was 951.
azuki nft
Azuki NFTs are a collection of virtual avatars that provide access to The Garden, an online club. They are digital avatars created by hand. They come in a variety of styles and avatars including samurai and skateboarders.
Azuki has the lowest price of $5.92K and the average price of $50.04. It has a market capitalization of $1.81 billion. The NFT volume is $4.1 million. There are 295 traders in this NFT and the volume of sales in the last seven days was 540.
Summary
The reason behind the growth of these PFP NFTs is the belief that they will soon become profitable and popular collectibles. The scarcity and authenticity of BAYC, MAYC, Azuki and DeGods also increased their popularity and price.
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Source: www.thecoinrepublic.com
