Blue-Chip NFTs are highly prized because they have the characteristics that differentiate them in the market. Find out all about them in our full article "What Are Blue-Chip NFTs? How To Spot a Blue Chip NFT?"
What are Blue-Chip NFTs?
A blue-chip NFT is generally well-known, established, stable, and considered a good long-term investment. Blue chip NFTs are also thought to be a safer investment than most and have a proven track record of growth and value.
NFT projects like Crypto Punks, Bored Ape Yacht Club, Cool Cats, and VeeFriends allow participation in their venture, meaning you can safely invest some cryptocurrency and have a rational expectation of success in the coming future.
How To Spot a Blue Chip NFT?
Identifying the making of a blue chip non-fungible is absolutely crucial! Usually – stock markets – identify blue chips based on the history of a company. However, NFT history hasn't been here for that long! Therefore, the criteria for non- fungibles are very different! Here's what you should look for:
UTILITY
When a project offers a lot of good utilities, it's probably a good blue chip sign!
REWARDS
Next, we've got REWARDS. This includes daily token drops from a project's own currency. This way all NFT holders would make money just for being a part of the project.
AIRDROPS
A lot of projects with blue-chip NFT potential do airdrops. Some airdrop gas fees for their people and others might get virtual collectibles. That's pretty fun and generates a lot of hype for the project.
ROADMAP
Furthermore, having a roadmap to success is just like having a roadmap to blue-chip stardom! When a project has clear and straightforward goals, and they're making progress; it's a good sign to be a blue chip NFT project.
COMMUNITY
Finally, the community. A non-fungible project is not going to reach blue-chip status if it has a community of bots. But, if a project barely has any engagement on Twitter and no community on Discord, there are no blue-chip chances here. You want to be in a community of smart people who are in this for the long run!
Examples of Blue-Chip NFTs
Now that you know how to identify Blue-Chip NFT collections, learn about some of the world's most prominent projects. Here are some examples of Blue-Chip NFT projects:
1. Boring Ape Yacht Club
2. Cryptopunks
3. Vee Friends
4. Art blocks
5. World Of Women
What Are Blue-Chip NFTs? How To Spot a Blue Chip NFT?, I hope you get a better understanding of Blue-Chip NFTs by reading this article.
