Generally, the term blue chip is often used in instruments such as shares. However, as the industry develops, blue chips are also starting to be widely used in the NFT world. So, what exactly are blue chip NFTs and what are some examples? Read the following article in full. What is Blue Chip NFT?

The concept of the term blue chip in NFTs is certainly not much different from instruments such as shares. An NFT project or collection can be named a blue chip type when it has popularity, a large community and good reputation, stable market value, and is considered a good long-term investment. However, in this context, not all NFTs have high prices over a period of time. which has long been labeled as part of the blue chip type. An NFT can be said to be blue chip if its value growth is stable and continues to increase over time.

Beginners in the world of NFTs will of course have difficulty identifying NFT collections that have the potential to become blue chips. Of course, it takes skill and experience to recognize this type of NFT.

Characteristics of Blue Chip NFTs

There are also several characteristics that can be indicators for you in finding blue chip NFTs, as follows.

- Supported by a strong team and also financially

- Frequently appears on NFT sales ranking lists

- Recognized by other NFT communities, marketplaces and popular projects

- Creator-run businesses adapt to keep NFTs relevant

- Continuous high value of NFTs (not at one time only)

The various aspects above certainly still require in-depth observation to determine whether an NFT can be categorized as a blue chip.

Contoh NFT Blue Chip

Here, Minval collects several NFTs that are considered blue chip according to experts so you can get an idea.

1. Bored Ape Yacht Club

BAYC is an NFT collection consisting of 10,000 monkeys with bored expressions as the basis for avatars in the project.

The BAYC NFT collection which is based on the Ethereum blockchain has succeeded in attracting the interest of many global artists such as Justin Bieber and is currently one of the top 5 NFTs.

2. CryptoPunks

The CryptoPunks project is owned and developed by the same company as Bored Ape Yacht Club (BAYC) and has managed to become the most popular NFT collection in the NFT world.

Visually, CryptoPunks is an NFT work in the form of an alien and produced 10,000 avatars by Larva Labs since 2017 which has now been acquired by Yuga Labs.

3. Cool Cats

Cool Cats is an NFT project based on pet games that features digital cat avatars with a supply of 9,999 NFTs. Uniquely, Cool Cats NFT holders will also get exclusive access to their community events.

Just like BAYC and Cryptopunks, Cool Cats are also in great demand by global celebrities such as Mike Tyson and Reese Witherspoon.

This project is also one that is giving a big breakthrough to the NFT world, because this NFT has even been traded 22,000 times in mid-2022.

Yup, that's the explanation of blue chip NFTs and examples. However, Minval would like to remind you that this article does not contain investment advice. Do your own research before deciding to buy an NFT by looking at the opportunities and important aspects.