The Beginner’s Guide to Blue Chip NFT Projects 2022 – KHTS Radio | Jewelry Dukan

Today, with the rapid growth of the NFT market, millions of NFT projects and collections have been launched. Investing in cryptocurrency in general and NFT in particular has become a new trend in the world and has helped create many new young millionaires. The number of fraudulent NFTs has also increased, making it difficult for newcomers to enter this potential market.

If you are looking for suitable NFTs for long-term investments, blue chip NFTs are one of the most popular options. Like blue-chip stocks, blue-chip NFTs always have solid value and reputation regardless of good or bad market conditions. In this article, we will help you learn more about blue chip NFTs and some examples of the top 5 blue chip NFTs.

What is a blue chip NFT?

Blue chip NFTs refer to non-fungible tokens of high value and stability, they are viewed by people as assets that can guarantee high value over the long term and are industry representatives. According to Oxalus, blue-chip NFTs are determined by factors such as brand awareness, community engagement, market cap, reserve prices, and trading volume. Besides, blue chip NFTs are also recognized and used by KOLs in the crypto market.

The term “blue chip” comes from the game of poker. In 19th century America, blue chips had the highest value in poker games, hence it was used to refer to high value assets. In the traditional financial world, blue chip usually refers to the stocks of the world’s leading companies, which often offer quality products and services and are known to be great investments. reliable investment in all market phases.

The 5 Best Blue Chip NFT Projects in 2022

Now that we understand blue chip NFTs, let’s talk about the best blue chip NFTs out there and why most people recognize them.

CryptoPunks

CryptoPunks is one of the pioneering projects of the NFT space. It was a collection of 10,000 NFT pixel images generated algorithmically and published by Larva Labs in 2017. At the time of launch, anyone could get a CryptoPunks NFT image – as long as they paid the Ethereum gas fee for minting.

The reason this collection is so hot is that it is extremely rare because all 10,000 NFT images have been owned. In February 2022, a punk set a sales record for 8,000 ETH ($23.7 million). Today, owning an NFT from this collection is like owning a unique antique.

The Bored Ape Yacht Club

Bored Ape Yacht Club is an emerging project that has attracted a lot of attention in a short space of time. Like CryptoPunks, this project has a collection of 10,000 NFT images of randomly generated cartoon monkeys with different characteristics. The BAYC community used these traits to measure a monkey’s rarity.

The Bored Ape Yacht Club was so successful that Larva Labs sold the rights to its two NFT collections, CryptoPunks and Meebits IP, to Yuga Labs. The market cap of the collection reached $2.5 billion in March 2022, according to CoinGecko data. Additionally, the reserve price for a Bored Ape is over $250,000, which has made BAYC one of the most valuable NFT collectibles in the crypto market.

Azuki

Azuki is a highly rated NFT blue chip project for anime lovers. Azuki includes 10,000 remarkable anime-themed avatars that will appeal to lovers of both NFT and Japanese anime cultures.

Azuki’s sizeable following within months of its launch is one of the reasons why this NFT collection became so popular. With the highest total trading volume of up to 190,000 ETH, Azuki has proven its reputation as one of the most popular blue-chip NFT projects.

doodles

Doodles is a collection of 10,000 NFT profile pictures featuring colorful, line-drawn avatars created by Burnt Toast. The collection was launched on Ethereum in October 2021 at a price of 0.123 ETH per mint.

From the start, Doodles became famous for their community-focused efforts. The reserve price of the Doodle NFT has peaked at over $35,000, according to Coingecko data. Also, as of March 2022, the collection’s market cap is over $350 million.

Mutant Ape Yacht Club

Mutant Ape Yacht Club (MAYC) is an expanded version of the popular Bored Ape Yacht Club (BAYC) NFT collection, which includes 20,000 unique digital art images of Mutant Ape. Similar to BAYC, the collection’s exclusive community access and unique membership benefits have made MAYC the next popular NFT collection.

Initially, MAYC was primarily a reward for BAYC holders, but quickly gained popularity and the project also welcomed new members into the Mutant Ape community. In addition to the 10,000 NFTs given out to BAYC owners for free, 10,000 gorillas sold out within an hour of launch, grossing $96 million.

What makes a Blue Chip NFT and how do you find one?

Similar to blue chip stocks, blue chip NFTs are collectibles that are safe to invest in as their appeal and value can only grow over time. These NFTs are often large caps, backed by prominent reputations and outstanding trading volumes. Furthermore, ensuring long-term profits for investors is also a factor to consider whether an NFT is blue chip or not.

If you invest in a blue chip NFT, you will make profits over the long term. It’s important to find a potential NFT to invest in early on before it becomes a blue chip NFT. You can use currently available tools like Oxalus to analyze and rank upcoming NFTs to select potential blue chip NFTs. Here are the criteria for you to recognize a blue chip NFT:

The mark

Typically, blue-chip brands have a positive reputation in a community, possibly even worldwide popularity. These brands will have enduring value over time, making NFTs historically significant and culturally relevant for years to come.

The reputation of the team

Besides a good brand, a blue-chip NFT also needs a famous team behind it. If you find that the members behind an NFT collection have a good reputation, there is a good chance that the NFT collection will soon become popular.

Minimum Price and Sales Volume

Typically, the higher the NFT reserve price, the more valuable it is. It shows that the NFTs of this collection are attractive and many people are willing to spend big money to own them.

use cases and benefits

These days, NFTs aren’t just simple profile pictures anymore. They can bring many attractive benefits to the owners, like attending an airdrop or an event. So if you see an NFT with desirable features, it could be an investment consideration.

Final Thoughts

The NFT market is still in its infancy and not many NFTs can qualify as blue chip NFTs. This is a great opportunity for you to analyze and identify potential NFT collections now. Predictions can be difficult due to limited information, but the factors we analyze in this article will make it easier for you to start the research process.

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