ON PFP NFTS

Summary from the TLDR Crypto newsletter

This thread provides an interesting viewpoint on PFP NFTs and how they have fared throughout the bear market and this recent uptrend. To this user’s surprise, PFP NFTs have rebounded more than expected as the broader crypto market has seen an upturn. He lays out some reasons why established PFPs seem to be showing strength: no viable alternatives were launched during the bear market, the liquidity within existing collections acts as a moat, and collection holders have built personal brands on top of existing PFP NFTs and are hesitant to make changes if they have gained traction with that brand.