![]() ![]() This is somewhat ironic given the constantly changing nature of the Web3 space.Įnter Project Arcana, a Web3 project which aims to invigorate blockchain use cases through dynamic, comprehensive, and lasting virtual profiles which grow with their users’ real and virtual world identity. In turn, PFPs represent only what we hold, not what we are nor how we have really evolved as digital natives and Web3 participants. Namely, NFTs are often static unless the creators, and not holders, choose to push updated or adjusted designs to the chain. While this has proven an interesting way for holders to represent their growing collection and involvement in the Web3 space, there seems to be potential for something more meaningful. Simultaneously, growing traction of the Metaverse concept and Web3 culture have led to many enthusiasts identifying themselves by way of NFTs as profile images (frequently called PFPs as short-hand). ![]() As of yet though, no notable projects have tried to center their build around the potential of the core technology that is blockchain. So far, many have centered around community building and intellectual property. Now, many projects claim to seek to deliver new forms of value and utility. However, since their emergence several years ago, NFTs have become much more than that. Non fungible tokens ( NFTs) started as what are essentially tamper-proof ledgers to verify authenticity and guarantee collectors’ ownership rights over artworks. ![]()
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