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Non-fungible tokens (NFTs) have become a hot topic in recent months. While NFTs aren’t exactly a new technology or concept, these unique assets have suddenly started selling like hotcakes with Beeple, CryptoPunks and Nyan Cat selling NFTs for the crypto equivalent of $69.3 million, $11.75 million and $590,000, respectively.
Naturally, the popularity of NFTs has quickly led to the creation of many new ones. Deciding which NFTs to invest in can be overwhelming, not only because there are so many NFT projects to choose from, but because there are also new ones being released almost daily.
In this guide, we’re going to dive into what NFT avatars are, why they’re so popular — and how you can get your hands on your first one.
NFT avatars are algorithmically generated digital images of cartoon or pixelated characters, usually from the shoulders up, that are in a “profile picture” format. Each NFT avatar is completely unique, with an array of distinguishing traits (i.e., clothing, hairstyles, accessories, etc.). The avatars can be cartoon animals, humans or abstract creatures, with fantasy and science fiction elements.