Connect with us

Technology

A Visual Guide to Profile Picture NFTs

Published

on

Profile picture NFTs

Can I share this graphic?
Yes. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist.
When do I need a license?
Licenses are required for some commercial uses, translations, or layout modifications. You can even whitelabel our visualizations. Explore your options.
Interested in this piece?
Click here to license this visualization.

A Visual Guide to Profile Picture NFTs

How do you represent yourself on social media? For most people it’s a selfie, a photo with their friends, or a picture of their pet—but what about a digitally-created character?

Profile picture NFTs are pieces of digital artwork that people use to express themselves online. Each item is a depiction of a character’s face, and has a unique mix of attributes that gives it a sense of collectability.

Like other NFTs, they’re secured on a blockchain and can be bought and sold for cryptocurrency. And while there’s nothing to stop you from screenshotting an NFT and using it for your own profile, the market for these items continues to grow.

To learn more, this infographic explains how three well-known profile picture NFT collections were created.

CryptoPunks

CryptoPunks are commonly regarded as one of the first examples of NFTs. The collection consists of 10,000 unique “punks” and was released in 2017 by Larva Labs.

One interesting fact is that these NFTs were originally given out for free—today, they are worth thousands or millions of dollars each. According to OpenSea, one of the largest NFT marketplaces, CryptoPunk #3100 was sold for 4,200 Ethereum (roughly $7.6 million) in March 2021.

A large component of #3100’s perceived value is its blue alien skin, which only eight other punks have. In other words, it’s incredibly rare. The following table shows the species distribution of the CryptoPunks collection.

Species% Rarity
Human98.7%
Zombie0.88%
Ape0.24%
Alien0.09%

In addition to species, each punk features a unique mix of facial accessories or “attributes”. Examples include a big beard (found in only 146 punks), and a VR headset (found in 332 punks).

Bored Ape Yacht Club

Next is the Bored Ape Yacht Club (BAYC), another collection of 10,000 unique profile picture NFTs. Unlike CryptoPunks, BAYC NFTs show both the head and torso of a character (in this case, an ape).

This opens up many combinations of clothing items, facial features, and accessories. Altogether, there are seven categories of attributes: Background color, Clothes, Earring, Eyes, Fur, Hat, and Mouth.

The following table lists some examples of BAYC attributes, and their % rarity. To explore further, visit the BAYC gallery.

Attribute CategoryAttribute Name% Rarity
FurSolid Gold0.05%
FurWhite3.9%
HatKing's Crown0.02%
HatStuntman Helmet1.6%

BAYC NFTs also grant access to members-only benefits. This includes access to a collaborative graffiti board, as well as other NFTs from spin-off collections like the Bored Ape Kennel Club (BAKC). As its name suggests, the BAKC is a collection of dogs, rather than apes.

Cool Cats NFT

The last collection is Cool Cats NFT, which again amounts to 10,000 images. Cool Cats were minted at a cost of 0.06 Ethereum each, or roughly $200. The act of “minting” an NFT is similar to when metal coins are entered into circulation.

Each Cool Cat NFT is a depiction of a cartoon cat with a varying number of facial features, hats, and shirts. Altogether, there are over 300,000 possible options that could be included.

This collection also features nine “hidden” cats which boast one-off features. #500 is an upside down cat floating in a blue sky background, while #2288 is simply a skeleton.

Building Your Identity in the Metaverse

A criticism of today’s social media is that there’s little room to express yourself.

Think back, for a moment, to the days of MySpace. Users could spend hours customizing their profile page, adding music, art, and whatever else they felt was an expression of themselves. As the platform’s name implied, it was a space that belonged to you.

The metaverse offers something similar. To take part in a virtual universe, you need an avatar—a digital manifestation of yourself. Avatars will be highly customizable and far less constrained by the limitations of the real world.

If you’re having trouble imagining this, check out VR Chat, a virtual reality game where players socialize as aliens, monsters, and other “interesting” beings.

This may help to explain the recent craze around profile picture NFTs. When the metaverse arrives, these NFTs could become a user’s avatar. After all, who wouldn’t want to have blue alien skin?

Click for Comments

Technology

What is the Median Pay of Magnificent Seven Companies?

The Magnificent Seven companies are fueling stock market gains. In this graphic, we show the median pay of each company in 2023.

Published

on

This circle graphic shows the median pay of employees at the Magnificent Seven companies.

What is the Median Pay of Magnificent Seven Companies?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
2023
CEO Total Pay
2023
Meta$379,050$24.4M
Alphabet$315,531$8.8M
Nvidia$266,939$34.2M
Microsoft$193,770$48.5M
Apple$94,118$63.2M
Tesla$45,811$0M
Amazon$36,274$1.4M

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks of paid parental leave.

Falling near the bottom of the pack is Tesla, where the median salary for employees is $45,811. The automotive sector is notorious for steep wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee.

In 2023, Tesla CEO Elon Musk earned no compensation, and is instead paid through incentive-based stock options. Recently, a judge invalidated a staggering $56 billion pay package for the executive, deeming it unfair to the company’s shareholders. This pay package was awarded in 2018, with stipulations that Tesla meet certain performance requirements over a 10-year timeframe.

Continue Reading
Appian-Capital

Subscribe

Popular