What are Blue Chip NFTs and how to invest in them?

Bluechip NFTs are the most trusted, reliable, and valuable non-fungible tokens. Let’s check out its features and a step-by-step guide on investing in these NFTs.

NFTs remain one of the hot topics in the cryptocurrency space, and their demand is increasing over time. For example, NFT transactions surpassed a whopping $2 billion in February 2023.

Blue chip NFTs are the most popular type of NFTs because they have a certain standard, value, and popularity. Additionally, these NFTs are endorsed by celebrities and social media influencers.

Now, let’s dig deeper into the topic!

What is Blue Chip NFT?

Bluechip NFTs includes a collection of NFTs established in the crypto space. Additionally, these collections are expected to maintain their profitability and value over time.

The term “blue chip” is taken from the world of finance and describes a reputable company that is financially stable, well known, and has a strong history. For example, these companies include Apple, Coca-Cola, Nike, and Walmart, to name a few.

Bluechip NFTs most often offer a fixed number of NFTs in a collection. Because of this, the scarcity, price, and demand for such NFTs will increase over time.

Additionally, these NFTs are backed by famous artists and celebrities. As a result, Blue Chip NFTs have a strong and active community.

Why invest in blue chip NFTs?

Most NFTs available on the market do not qualify as value investments. The main characteristics of blue chip NFTs that are worth investing in are:

#1. High liquidity

Most quality NFTs offer high liquidity to buyers and sellers. Therefore, these NFTs can be bought and sold at any time without significant delays.

Liquidity is an important factor to consider when choosing assets from the cryptocurrency space. For example, if you buy an illiquid NFT, it will be difficult to sell it when you need to.

#2. low risk

Compared to millions of regular NFTs, blue chip NFTs tend to be less risky. As a result, choosing a superior product is a better decision.

Furthermore, the price of these NFTs remains constant under normal market conditions. In contrast, regular NFT price movements are unpredictable.

#3. Asset diversification

Diversification is one of the golden rules of investing, whether it’s stocks or cryptocurrencies. With this in mind, it’s important to invest in a wide range of assets.

You can diversify your crypto portfolio by adding NFTs. Therefore, if one of your assets fails, you are not affected.

#4. proven history

Bluechip NFT has a better track record in the NFT field. Additionally, the sale value of the tokens increases over time.

Furthermore, the number of NFT holders is also increasing exponentially. As a result, demand and prices for blue chip NFT collections have also skyrocketed.

#5. Community participation

Most quality NFT collectors have access to exclusive community groups. Additionally, joining these groups allows you to interact with other NFT holders and discuss future trading plans.

Most importantly, community members will also receive free NFT airdrops, livestream access, and more. Additionally, you can participate in important decisions about your project’s ecosystem.

How can I invest in Blue Chip NFTs?

To buy blue chip NFTs like a professional investor, follow these simple steps.

1. Self-Education: First and foremost, you need to learn about the basics of NFTs. Additionally, we track news and trends regarding the NFT space.
2. Research the marketplace: Next, you need to find out more about the NFT marketplace. For example, check the past performance and listing history of blue-chip NFTs.
3. Set a budget: Choose a budget that you feel comfortable investing in NFTs. In that case, try not to risk too much money.
4. Choose a supported wallet: Not all crypto wallets support storage of NFTs. For this reason, choose a wallet with NFT support, such as Trust Wallet, Zengo, or MetaMask.
5. Create a checklist: Next, create a checklist of features you’re looking for in an NFT. For example, you can include price range, artistic value, category, unique features, etc.
6. Buy NFTs: Find a good NFT that meets your requirements and proceed to purchase. Also, please add enough crypto assets to your wallet before purchasing.
7. KEEP IT SAFE: Bluechip NFTs come with affordable prices. Therefore, it is best to transfer your NFTs to a secure wallet like a hardware wallet.
8. Join an NFT community: When you purchase an NFT, you become part of that specific NFT community. Therefore, join our official social media groups and enjoy the various benefits of being a community member.
9. Monitor the NFT market: Finally, and most importantly, stay informed about NFT-related events, updates, and trends.

What should I consider before investing in blue chip NFTs?

Here are some factors to consider before investing in bluechip NFTs.

#1. historical data

Make sure your NFT collection has a proven track record. A good NFT project will provide data on its incremental growth since its inception.

Additionally, past prices can also help investors roughly predict the future of an NFT. You can also check the previous price volatility of Blue Chip NFT during bad market conditions.

#2. team

Team members and founders are the face of an NFT project. As a result, we investigated the core members and their past activities.

Additionally, make sure that the founders have sufficient experience in building similar projects. Additionally, review their skills, expertise, and track record.

#3. utility

As with other crypto tokens, utility plays a key role in the acceptance of NFT collections. Projects that provide utility along with NFTs tend to attract more users to their ecosystem.

For this reason, choose projects that offer incentives to NFT holders. For example, popular utilities include virtual event tickets, token rewards, premium subscriptions, early access, airdrops, etc.

#4. request

Analyze the market demand for NFTs before investing. For example, let’s say you have negative feelings regarding the NFT space. In that case, the price is likely to fall in the coming days.

Additionally, choose projects that have the potential to maintain demand in the NFT space for a long time.

#5. community

The community is definitely the backbone of any NFT project. Make sure your project has a large and active community base.

You can check out our official social media accounts to see our community involvement. The increase in community members is a sign that NFT collections are being accepted.

Best Blue Chip NFT Collection

Next, take a look at our list of the best blue chip NFTs.

#1. Bored Ape Yacht Club (BAYC)

BAYC includes a custom-made collection consisting of 10,000 Bored Ape NFTs. At the time of writing, the average price for this NFT created on the Ethereum blockchain is $45,800.

Developed by Yuga Labs in 2021, this blue chip NFT gained popularity through celebrity endorsement. Some of the major names involved include Eminem, Stephen Curry, Neymar Jr., Jimmy Fallon, Kevin Hart, and more.

BAYC owners have access to a private Discord group where they can interact with other Bored Ape NFT owners. Additionally, the project will issue its native token, ApeCoin, to NFT holders.

ApeCoin can be used to purchase BAYC event tickets, merchandise, and more. Additionally, you can vote and decide on upcoming events and projects.

#2. cryptopunks

CryptoPunks is one of the earliest NFT collections developed by Larva Labs in 2017. This collection consists of 24×24 dimensional pixelated image NFTs.

The price and popularity of CryptoPunks rose significantly in 2021 following the NFT trend. Notably, the lowest priced punk NFT currently costs over $75,000.

This premium NFT collection is supported by a strong online community. For example, X’s official account has around 300,000 followers. Additionally, celebrities such as Serena Williams, Jay-Z, and Gary Vee also own punks NFTs.

#3. vie friends

VeeFriends is one of the top NFT collections created by serial entrepreneur and social media influencer Gary Veynerchuk (also known as Gary Vee). This blue chip collection aims to build a strong and active community around NFT technology.

At the time of writing, there are over 10,000 NFTs available in this collection. Specifically, each NFT character represents a human trait that Gary admires.

Additionally, you can purchase VeeFriends NFTs and join VeeFriends’ exclusive community. You’ll also have access to Veecon, a multi-day event focused on entrepreneurship, business, marketing, innovation, and fun activities.

#4. crypto kitties

CryptoKitties are bluechip NFTs that represent different types of digital cats in blockchain games. Additionally, these NFTs have unique properties and characteristics.

This NFT collection was developed using the Ethereum blockchain in 2017. But then we created Blockchain Flow to provide a seamless experience for our users.

You can also purchase two digital kittens and breed them to produce new kittens. Additionally, you can also sell your new NFTs on the marketplace.

#5. World of Women (WoW)

World of Women , or WoW, is the result of an impressive mission to empower female artists in the NFT space. Their first NFT collection was released for general sale in July 2021.

This WoW collection consists of 10,000 artworks by NFT artist Yam Karkai. Additionally, these premium NFTs include art representing the lives of various women.

The owner of a WoW NFT receives ownership of the intellectual property (IP) and original artwork. Additionally, owners receive benefits such as airdrops, tickets, and discounts on various events.

#6. Azuki

The AZUKI NFT collection includes 10,000 anime-inspired paintings. Created by Chiru Labs, these collections offer NFTs with a variety of features, including clothing, hair, backgrounds, wearables, and more.

In particular, AZUKI considers community to be the most important element. Because of this, X’s official account has over 350,000 followers.

Additionally, the Azuki project introduced Hilumia, a native metaverse that provides an immersive experience for users. Additionally, this virtual world with 10 different locations is only accessible to NFT holders.

#7. art blocks

The Art Blocks project will allow users to mint NFTs using the Ethereum blockchain. In addition to that, NFTs can only be seen after completing the minting process.

Art Blocks NFTs launched in 2020, with more than 59,000 traders participating and more than $1.4 billion traded. Furthermore, the average price of an NFT is nearly $4,000.

Art Blocks also offers a curated collection of NFTs hand-picked by core team members. These collections tend to have higher market value and rarity.

Top Good NFT Marketplaces

Now that you know the best blue chip NFTs, let’s explore the top marketplaces where you can buy them.

#1. high seas

Founded in 2017, OpenSea is the largest NFT platform with over 2 million collections. Additionally, the marketplace has recorded over $20 billion in trading volume since its inception.

This marketplace is backed by top companies such as Y Combinator, Coinbase, Trust Wallet, and Blockchain Capital. In addition, industry leaders such as Mark Cuban, Tim Ferris, Naval Ravikant, and Ben Silverman are also notable investors.

OpenSea is definitely one of the best options for trading NFTs. You can use this marketplace to buy popular blue-chip NFTs like CryptoPunks, Bored Ape Yacht Club (BAYC), and Art Blocks, to name a few.

#2. Rareible

Rarible builds on the Ethereum blockchain will help you find and invest in Blue Chip NFTs. You can sort your NFT collection based on rarity, price, and trading volume.

The platform was founded in 2019 by cryptocurrency entrepreneurs Alexei Farin and Alexander Salnikov. Additionally, their major investors include CoinFund, 1kx, Venrock, and more.

Apart from Ethereum, Rarible supports other blockchains such as Polygon, Tezos, and Immutable X. On this marketplace, you can buy trending and blue-chip NFTs like MutantApeYachtClub, PudgyPenguins, AZUKI, DeGods, and more.

#3. Blur

Blur is an NFT marketplace that trades over $1.4 billion worth of collectibles. Additionally, the marketplace has over 145,000 users to date.

Blur has also developed an aggregator that allows you to purchase a large number of NFTs from various marketplaces. Plus, you can shortlist the best blue chip NFTs with detailed charts and data.

Use this marketplace to buy blue chip NFTs from Azuki, CloneX, Bored Ape Yacht Club, and more.

final thoughts

Blue chip NFTs are a much safer option compared to regular NFTs. However, like any other type of investment available on the market, it comes with risks.

Follow the steps outlined in this article to find the best NFTs that match your investment style. Finally, diversify your tokens and stay informed about the latest trends in the NFT space.

Then check out the best NFT wallets.