Of the top 10 NFT collections by market cap, seven, according to CoinMarketCap, are what could be called “avatar NFTs” – headshots, basically, of cartoon characters or pixelated people. The collections topping the charts include CryptoPunks, Bored Ape Yacht Club and Pudgy Penguins. The dominance of avatars is a powerful window into this mysterious, seemingly nonsensical explosion of interest. It’s a deep dive into the inexplicable allure of non-fungible tokens. https://www.coindesk.com/markets/2021/08/27/why-avatars-dominate-the-nft-market/