Why are nft avatars so popular

The biggest reason is of course economic factors. Most celebrities who have rich assets hope to make profits from investment, just as there are always celebrities in major art auction houses. whennftAfter the avatar became a hot collectible, many celebrities also took the opportunity to enter the market, hoping to increase the value of funds. In addition, NFT is a hot topic in the market. Celebrities who buy or hold NFT Development avatars will always cause market topics. Celebrities bring more fame.

NFT avatars can also create a sense of group identity for buyers. Holding an NFT avatar expresses the holder’s support for a certain NFT concept to a certain extent, creating a better identity and community experience for buyers. For example, the Bored Ape Yacht Club and CryptoPunks series are only open to the avatar holder to enter the private community to enjoy the exclusive rights of locked content and participate in offline private activities. So the NFT avatar is also a status symbol.

NFT avatar introduction 1. The ancestor of CryptoPunk avatar

Cryptopunks was launched by Larva Labs in New York. As the ancestor of NFT, it was initially issued with the ERC-20 token protocol, and later promoted the birth of the current protocol ERC-721 for NFT. There are a total of 10,000 Cryptopunks avatars, including 3,849 punk-style women and 6,039 men, and a small number of rare shapes: apes, zombies, and aliens. These avatars are all drawn by computer algorithms. All unique.

When it was first launched, the 10,000 avatars could be claimed by anyone with an Ethereum wallet for free, and all of them had been claimed at that time. At present, if you want to own any Cryptopunks avatar, you need to use ether to buy it, and it is worth a lot of money. Larva Labs has launched a trading platform on the Cryptopunks website. Buyers can bid and buy avatars on the webpage by themselves, or purchase them on the OpenSea platform.

Cryptopunks, as the highest priced NFT series (valued at $1.91 billion in total), set the second and third highest priced NFT transaction records, with avatars #7804 and #3100 both sold for 4,200 ETH (worth about $7.57 million respectively) and 7.58 million US dollars), and the current highest priced NFT is Beeple’s painting — EVERYDAYS: THE FIRST 5000DAYS.

NFT Avatar Introduction 2. Monkey Kingdom is based on Journey to the West

The Monkey Kingdom series launched a total of 2222 32x32pixel NFT avatars and issued them on the Solana blockchain. The creative idea of ​​this series of NFT avatars is inspired by the story of Monkey King.

The setting of the story is: the incident is related to the Monkey King Monkey King Monkey King Monkey King of Water Curtain Cave in Huaguo Mountain who was suppressed by the Tathagata Buddha at the foot of the mountain for 500 years and could not escape. The angry Monkey King made up his mind to take revenge on the Buddha. Wukong has a variety of magic powers, including transformation. In order not to be caught by the Buddha, Wukong transformed into 2222 different versions of himself, but the Buddha, who is a giant whale in the NFT world, turned all 2222 Wukong into NFTs and trapped them in the Solana area In the block chain, these imprisoned Wukong are named The Monkey Kingdom series.

The full range of Goku sold out within 2 minutes of launch and is now available on the secondary market. The team is committed to building an Asian NFT community, and later launched The Baepes series, which consists of 2221 female versions of Goku.

NFT Avatar Introduction 3. Bored Ape Yacht Club emphasizes the concept of community

The Bored Ape Yacht Club (BAYC) Bored Ape series consists of 10,000 Bored Apes and is issued on Ethereum.

The 10,000 boring apes are composed of 170 combinations of facial expressions, headgear, clothing and other characteristics, and some monkeys are particularly rare. The original selling price of each avatar is 0.08ETH, and it can be purchased on OpenSea now. The total value has reached 326,200 ETH, making it the second highest value NFT series. A single NFT avatar (#2087) once set a high of 769ETH ($294) final price. High value but cheaper than Cryptopunks avatars, making BAYC the most popular and frequently traded NFT avatar.

The owner of Boring Ape has both BAYC membership and member-exclusive benefits, such as The BATHROOM community graffiti board that only members can enter. This NFT series emphasizes community spirit. Due to the strong sense of community, BAYC It is considered to be of great significance to the history of NFT art.

NFT Avatar Introduction 4. Phanta Bear Jay Chou Blessing

Phanta Bear is an NFT Development Comapny project released by the digital entertainment platform Ezek and Jay Chou’s trendy brand PHANTACi. A total of 10,000 computer-generated Phanta Bear avatars have been launched. Phanta Bear was released at 11 a.m. on January 1, 2022. Within 40 minutes, 1,000 Phanta Bears were sold out, with a total value of nearly 10 million U.S. dollars. Soon after its launch, it ranked 43rd in the total transaction volume of all NFT series on OpenSea bit.

Each bear in the series wears clothes and accessories uniquely designed by PHANTACi. Purchasing the Phanta Bear NFT avatar will also have a membership card of the Ezek Club, and can enjoy exclusive privileges and benefits for members, such as 10% off shopping at global PHANTACi stores.