The Beginner’s Guide to Blue-Chip NFT Projects 2022 — Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio

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 helped create many new young millionaires. Moreover, the number of fraudulent NFTs has also increased, making it difficult for newcomers to access this potential market.

If you are looking for suitable NFTs for long-term investments, blue chip NFTs are one of the most popular choices. 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 understand 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 with high value and stability, they are considered by people as assets that can guarantee high value in the long run, and are industry representatives. According to Oxalus, blue chip NFTs are determined by factors such as brand recognition, community engagement, market capitalization, floor prices and trading volume. Moreover, Blue chip NFTs are also recognized and used by KOLs in the crypto market.

The term “blue chip” originates from the game of poker. In 19th century America, blue chips had the highest value in poker games, so it was used to refer to valuable assets. In traditional finance, blue chip usually refers to the shares of the world’s leading companies, which often provide high-quality products and services, and which are known to be a great investment. reliable investment in all stages of the market.

The 5 Best Blue Chip NFT Projects in 2022

Now that we understand the blue-chip NFTs, let’s talk about the best blue-chip NFTs on the market and why they are recognized by most people.

CryptoPunks

CryptoPunks is one of the pioneering projects in the NFT space. It was a collection of 10,000 algorithmically generated NFT pixel images and was released 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 to mint it.

The reason this collection is so popular 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.

Bored Ape Yacht Club

Bored Ape Yacht Club is an upcoming project that has gained a lot of attention in a short 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 features to measure the rarity of a monkey.

Bored Ape Yacht Club was so successful that Larva Labs sold the rights to its two NFT collections, CryptoPunks and Meebit’s IP, to Yuga Labs. The collection’s market capitalization reached $2.5 billion in March 2022, according to data from CoinGecko. Also, the floor price for a Bored Ape is over $250,000, making 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 avatars with anime-themed designs, which are especially appealing to enthusiasts of both NFT and Japanese anime culture.

Azuki’s significant following within months of 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 favored blue-chip NFT projects.

Doodles

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

Doodles became known for its community-centered efforts from the beginning. The floor price of Doodle NFT has peaked above $35,000, according to Coingecko data. In addition, the stock market value of the collection as of March 2022 is over 350 million dollars.

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 Mutant Ape digital art images. Like BAYC, the collection’s exclusive community access and unique member benefits have made MAYC the next popular NFT collection.

Initially MAYC was mainly a reward for BAYC holders, but it quickly became popular and the project also welcomed new members to the Mutant Ape community. In addition to the 10,000 NFTs given out for free to BAYC holders, 10,000 Gorillas sold out within an hour of launch, raising $96 million in sales.

What does a Blue Chip NFT do and how do I find it?

Like blue chip stocks, blue chip NFTs are collectibles that you can safely invest in because their allure and value can only grow over time. These NFTs are often large companies, backed by celebrity reputations and unprecedented trading volume. In addition, securing profit for investors in the long term is also a factor in assessing whether an NFT is a blue chip or not.

If you invest in a blue chip NFT, you will profit in the long run. It is important that you find a potential NFT to invest in early before it turns into a blue chip NFT. You can use available tools like Oxalus to analyze and evaluate upcoming NFTs to pick out potential blue-chip NFTs. Here are the criteria for you to recognize a blue chip NFT:

Labeled

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

The reputation of the team

In addition to having a good brand, a blue chip NFT also needs a well-known 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.

Floor price and sales volume

Generally, the higher the NFT’s Floor Price, the more valuable it is. It shows that the NFTs of that collection are attractive and many people are willing to spend large amounts of money to own them.

Use Cases and Utility

Today, NFTs are not just simple profile pictures anymore. They can provide their owners with many attractive benefits such as participating in an airdrop or an event. So if you see an NFT with desirable features, it may 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 right now. Prediction 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.