2021 was the year of profile picture (PFP) NFTs. Depending on how you value them, both CryptoPunks and Bored Ape Yacht Club have total market caps (# of NFTs * price per NFT) of around $3 billion each. More than just a disconnected network of owners, though, the humans behind the NFT PFP formed communities, online and IRL. First, they met in... See more

More broadly, NFTs could serve as one anchor for decentralized identity. Already, several users identify their online presence not merely with a username but also with an NFT project. As an example, co-founder of Manifold @richerd explained that he turned down a $9.5 million offer for his cryptopunk NFT because he identifies his cryptopunk as his... See more