Blue Chip NFTs: Here is What They Are

Non-fungible tokens (NFTs) might not be as trendy as they were in 2021, but they're still a hot topic when it comes to assets. While there are different NFTs out there, one group of them stands out. It’s called the blue-chip NFT.

Before we dive deep into the matter, let’s start with the term blue chip stock. It refers to a digital asset with two main characteristics: high value and low risk. In the traditional stock market, blue-chip stocks have a large market capitalization, are highly resilient, and are believed to be the stock market’s foundation.

In the crypto domain, the term is used in a similar vein, with blue chip NFTs also referring to assets with high value and low risk. Their price is relatively stable, and there’s growth.

Here are some features of blue-chip NFTs.

 

As a rule of thumb, blue-chip NFTs have a high floor price, high sales volumes, and consistent value appreciation. Their popularity is reflected in their higher market capitalization compared to other assets.

The developers are likewise a major factor you need to consider when determining whether it's a blue-chip NFT. Usually, if the creators and advisors enjoy a strong reputation and a proven track record, then their work indeed pays off.

The development plan plays a role too. Called a roadmap, it must outline what the NFT is about, which features it has, what it offers to its audience, and more. For example, exclusive content or access to specialized events. It must have a clear understanding of where it's going and, most importantly, why it’s going there.

 

The appeal of their brand is another important factor to consider. The brand must be so well-crafted that big names, including celebrities, endorse it. 

A robust community is an important trait too. People must love an NFT for it to become a blue-chip one. After all, they are the ones buying into it and supporting it on social media and elsewhere. 

So with that said, which NFTs are considered to be blue-chip ones?

 

This is, of course, subject to debate, but there are several that seem to match the description right away. Such as Bored Ape Yacht Club, CryptoPunks, Azuki, Doodles, Pudgy Penguins, CloneX, VeeFriends, and more.

 

Let's take the Bored Ape Yacht Club, which Gagarin News is covering on a recurring basis, as an example.

 

At the time of writing, the collections floor price stands at 38,3 ETH ($70912.07). Its total volume has reached an impressive 1,215,075 ETH ($2,249,699,211.75).

While the project has had its ups and downs since its launch in 2021, it seems to still be in good shape, with different big names promoting it. Find out how it’s fairing now in our recent article.

Also, read more about NFTs in our dedicated section.