This guide delves into the world of blue chip NFTs, exploring their defining characteristics, and top blue chip digital art projects and collections.
The most famous, reliable companies in the stock market are Apple and Coca-Cola. These are called “blue chip” stocks because they’re seen as safe bets. Blue chip NFTs are kind of the same thing but for the digital art world.
The term “Blue Chip” signifies the quality and stability of these NFTs, attracting investors looking for long-term gains. Collectors and investors view Blue Chip NFTs as a secure way to invest in the volatile NFT market.
So, in simple terms: Blue Chip NFTs are established, have a high market value, and are expected to increase or retain their value over time. They often come from well-known creators or brands and have a history of significant sales and consistent demand. Bored Ape Yacht Club and CryptoPunks are the best examples of blue chip NFTs in the crypto industry.
Here are some strategies to help you discover the best blue-chip NFTs and their projects:
Engage with NFT enthusiasts on social media platforms like Twitter, Discord, and Telegram groups dedicated to specific collections or the NFT market in general.
Influencers, collectors, and even project creators often share insights and discuss promising projects. Be wary of unsolicited investment advice, but following these discussions can give you valuable information on emerging NFT trends and potential blue chips.
The reputation and history of the artist or team behind an NFT project hold significant weight. Look for creators with established careers in the digital art world, a strong online presence, and a proven track record of successful projects. Researching the team’s experience and vision for the project can help you assess its potential for long-term value.
While artistic value is important, some blue chip NFTs offer additional benefits to their owners. Look for projects that provide utility, such as access to exclusive online communities, events, future NFT drops, or even voting rights within the project’s development. These additional perks can enhance the overall value and desirability of an NFT collection.
Within a blue chip collection, individual NFTs can have varying degrees of rarity based on their unique features or limited quantities. Researching the collection’s structure and identifying rare NFTs within it can be a good strategy.
The collection included pixelated art with both male and female characters, and some look like zombies, apes, and aliens. Each one is different. Individual owners sell them on NFT marketplaces or through famous auction houses like Christie’s and Sotheby’s. The highest-selling CryptoPunk, #5822, was sold for a whopping $23.7 million, with multiple other punks sold for millions.
MAYC’s success is attributed to its association with BAYC, unique artwork, and community benefits. Owners of Mutant Ape NFTs gain access to exclusive events and perks similar to BAYC.
The Art Blocks project features three distinct tiers, each highlighting a different approach to design. The top tier, Curated NFTs, is reserved for generative art NFTs by selected artists who can create NFT drops that may become part of the official Art Blocks collection.
The second tier, known as the Artist Playground, allows artists from the curated collection to develop their own series. However, these projects are not included in the official Art Blocks collection. The final tier, Art Blocks Factory, offers an alternative for artists who do not want to wait for acceptance into the curated tier. Here, artists can launch their own code.
Unlike older versions on layer-2 blockchains, Ordinals are directly on Bitcoin. They are made by “inscribing” data, such as images or videos, onto individual satoshis, the smallest unit of bitcoin.
The unique traits of each monkey, such as different hats, glasses, clothing, and backgrounds, contribute to their rarity and value. Some traits are more common, while others are extremely rare, driving the value of certain monkeys higher in the secondary market.
Mad Lads is a notable NFT project on the Solana blockchain, launched on April 20, 2023. The collection consists of 10,000 unique NFTs. These NFTs feature a variety of illustrated human or humanoid profile pictures (PFPs) with unique clothing, weapons, accessories, and rare attributes depicting celestial, robotic, and undead characters. The project has generated total sales of US$196 million, making it one of the top Blue Chip NFT projects on Solana.
The project was created by Coral, a Solana framework development company led by Armani Ferrante and Tristan Yver. The NFTs were exclusively launched through Backpack, an all-in-one wallet app also created by Coral, which utilizes “executable NFTs” (xNFTs).
Mad Lads also emphasizes inclusivity, with about 10% of the NFTs featuring female PFPs. This move aims to broaden representation within the NFT space. Beyond aesthetics, owning a Mad Lads NFT provides practical benefits such as participation in exclusive airdrops.
Blue Chip NFTs represent high-value, established digital arts that offer the potential for significant returns and stability. They are created by reputable artists or brands and have a history of high sales and consistent demand.
However, investing in Blue Chip NFTs also comes with risks, such as high entry costs and market volatility. Identifying Blue Chip NFTs requires thorough research and analysis of historical performance, creators, and market trends. The above-listed top blue chip NFT projects on Ethereum, Bitcoin, and Solana have achieved significant sales and popularity, making them valuable assets in the NFT market.
