What are Blue Chip NFTs and How to Invest in Them

Blue chip NFTs are the most trusted, reliable, and valued non-fungible tokens. Let’s check its features and step-by-step guide on investing in these NFTs.

NFTs are still one of the hot topics in the crypto space, and their demand is increasing with time. For example, NFT trading crossed a whopping $2 billion in February 2023.

Blue chip NFTs are the favorite type of NFT as they possess a certain standard, value, and popularity. Moreover, these NFTs are endorsed by celebrities and social media influencers.

Now, let’s dive deep into the topic!

What are Blue Chip NFTs?

Blue chip NFTs include the collection of well-established NFTs from the crypto space. In addition, these collections are expected to retain their profitability and value for a long period.

The term “blue chip” is taken from the finance world and represents a financially stable, well-recognized, and reputed company with a strong history. For example, these companies include Apple, Coca-Cola, Nike, Walmart, to name a few.

Blue chip NFTs mostly provide a fixed number of NFTs in a collection. For this reason, the rarity, price, and demand of such NFTs increase with time.

In addition, these NFTs are backed by famous artists and celebrities. As a result, the blue chip NFTs have a strong and active community.

Why Invest in Blue Chip NFTs?

Most NFTs available in the marketplace don’t qualify as a worthy investment. The major features of blue chip NFTs that make them worth investing in include:

#1. High Liquidity

Most blue chip NFTs offer high liquidity to their buyers and sellers. For this reason, you can buy or sell these NFTs at any time without much delay.

Liquidity is an important factor to consider when choosing an asset from the crypto space. For example, if you buy an illiquid NFT, it’ll be difficult to sell when needed. 

#2. Low Risk

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

Moreover, the price of these NFTs stays constant during normal market conditions. In contrast, the price fluctuations of normal NFTs are unpredictable.

#3. Asset Diversification

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

You can diversify your crypto portfolio by adding NFTs. As a result, you won’t be affected if one of your assets fails.

#4. Proven History

Blue chip NFTs have a better track record in the NFT space. Moreover, their token sales value increases with time.

In addition, the NFT holders also show an exponential rise in numbers. As a result, the demand and price of blue chip NFT collections also surges.

#5. Community Participation

Most blue chip NFT collectors get access to exclusive community groups. In addition, joining these groups allows you to interact with other NFT holders and discuss future trading plans. 

Most importantly, community members also receive free NFT airdrops, live stream access, and more. Besides, you can also participate in important decision-making around the project’s ecosystem.

How to Invest in Blue Chip NFTs?

Follow these simple steps to buy blue chip NFTs like a professional investor:

1. Educate Yourself: First and foremost, you need to learn about the basics of NFTs. Moreover, keep track of the news and trends around the NFT space.
2. Research the Marketplace: Next, you need to check the details about the NFT marketplace. For example, check the past performance and listing history of blue chip NFTs.
3. Set Your Budget: Choose a budget you’re comfortable investing in NFTs. In that case, ensure you’re not risking much of your money.
4. Choose Supported Wallet: Not all crypto wallets support the storage of NFTs. For this reason, pick wallets with NFT support like Trust Wallet, Zengo, or MetaMask. 
5. Create a Checklist: Now, create a checklist for the features you’re looking for in your NFT. For example, you can include price range, artistic value, category, unique features, and more. 
6. Buy NFTs: Find the blue chip NFTs that satisfy your requirements and then proceed to buy them. Also, add enough crypto assets to your wallet before purchasing.
7. Store Securely: Blue chip NFTs come with a good price. So, it’s best to transfer your NFTs to secured wallets like hardware wallets.
8. Join NFT Communities: After purchasing NFTs, you’ll be a part of that particular NFT community. Therefore, join their official social media groups to enjoy the various perks of being a community member.
9. Monitor NFT Markets: Finally, and most importantly, stay informed about NFT-related events, updates, and trends.

What to Consider Before Investing in Blue Chip NFTs?

Factors to consider before you invest in blue chip NFTs are as follows: 

#1. Historical Data

Ensure the NFT collection has a proven track record. A good NFT project provides data on incremental growth since its inception.

Moreover, the past price also helps investors to roughly predict the future of the NFT. Also, you can check the previous price volatility of a blue chip NFT during bad market conditions.

#2. Team 

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

Moreover, ensure that the founders are well experienced in building similar projects. In addition, go through their skills, expertise, and track record.

#3. Utility

Like other crypto tokens, utility plays a crucial role in the acceptance of NFT collections. Projects that offer utility along with the NFTs tend to attract more users to its ecosystem.

For this reason, choose the projects that provide NFT holders incentives. For example, popular utilities include virtual event tickets, token rewards, premium subscriptions, early access, airdrops, and more. 

#4. Demand

Analyze the market demand for NFTs before investing. For example, suppose there’s a negative sentiment around NFT space. In that case, there’s a high possibility that the price will drop in the coming days.

In addition, choose projects that have the potential to sustain demand in the NFT space for a longer period.

#5. Community

Community is undoubtedly the backbone of an NFT project. Ensure that the project has a huge and active community base.

You can check the official social media accounts to verify the engagement of the community. The increase in community members is a sign of the acceptance of an NFT collection.

Best Blue Chip NFT Collections

Now let’s explore the list of the best blue chip NFTs:

#1. Bored Ape Yacht Club (BAYC)

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

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

Owners of BAYC can access a private Discord group that allows them to interact with other Bored Ape NFT holders. In addition, this project issues its native token, ApeCoin, to the NFT owners.

ApeCoin allows you to buy BAYC’s event tickets and merchandise, to name a few. Moreover, you can also vote and decide about future events or projects.

#2. CryptoPunks

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

The price and popularity of CryptoPunks massively surged in 2021 following the NFT trend. Notably, the current lowest-priced Punk NFT costs over $75,000.

This blue chip NFT collection is backed by a strong online community. For example, its official X account has almost 300K followers. In addition, celebrities like Serena Williams, Jay-Z, and Gary Vee own Punks NFTs.

#3. VeeFriends

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

More than 10,000 NFTs are available in this collection at the time of writing. Notably, each NFT character represents a human trait admired by Gary.

In addition, you can buy VeeFriends NFTs to be a part of their exclusive community. Moreover, you can also get access to Veecon, a multi-day event focused on entrepreneurship, business, marketing, innovation, and fun activities.

#4. CryptoKitties

CryptoKitties are blue chip NFTs representing various types of digital cats of a blockchain game. Besides, these NFTs possess unique traits and characteristics.

This NFT collection was developed using the Ethereum blockchain in 2017. However, later, they created their blockchain, Flow, to provide their users with a seamless experience.  

You can also buy and breed two digital Kitties to generate a new Kitty. In addition, you can also sell the new NFT on the marketplace.

#5. World of Women (WoW)

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

This WoW collection consists of 10,000 artwork by NFT artist Yam Karkai. Moreover, these blue chip NFTs include art that represents the lives of various women.

The holders of WoW NFTs receive ownership of intellectual property (IP) and the original artwork. Besides, the owners receive perks like airdrops, tickets, and discounts for various events.

#6. Azuki

The Azuki NFT collection features 10,000 anime-inspired drawings. Created by Chiru Labs, these collections offer NFTs with different traits, such as clothes, hair, background, and wearables.

Notably, Azuki considers its community as the most important element. For this reason, they have more than 350K followers on their official X account.

In addition, the Azuki project has introduced Hilumia, their native metaverse that provides an immersive experience to users. Moreover, this virtual world with 10 different locations is accessible only to their NFT holders.

#7. Art Blocks

The Art Blocks project allows users to mint their NFTs with the help of the Ethereum blockchain. Besides that, you can only see the NFT after completing the minting process.

Launched in 2020, Art Blocks’ NFTs have traded over $1.4 billion, with over 59,000 trader participation. In addition, the average price of an NFT is close to $4,000.

Art Blocks also provides curated NFT collections hand-picked by the core team members. These collections tend to have more value and rarity in the marketplace.

Top Blue Chip NFT Marketplaces

As you now know the best blue chip NFTs, let’s explore the top marketplaces that allow you to buy them:

#1. OpenSea

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

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

OpenSea is undoubtedly one of the best choices to trade 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. Rarible

Rarible build on the Ethereum blockchain helps to find and invest in bluechip NFTs. You can sort out the NFT collections based on rarity, price, and transaction volume.

This platform was founded by crypto entrepreneurs Alexei Falin and Alexander Salnikov in 2019. Moreover, their major investors include CoinFund,1kx, and Venrock.

Apart from Ethereum, Rarible supports other blockchains like Polygon, Tezos, and Immutable X . This marketplace allows you to buy trending blue chip NFTs such as MutantApeYachtClub, PudgyPenguins, Azuki, and DeGods.

#3. Blur

Blur is an NFT marketplace that has transacted collectibles worth over $1.4 billion. In addition, this marketplace has more than 145,000 users to date.

Blur also has developed its aggregator that allows you to buy numerous NFTs from different marketplaces. Moreover, you can use the detailed chart and data to shortlist the best blue chip NFTs.

You can use this marketplace to buy blue chip NFTs like Azuki, CloneX, Bored Ape Yacht Club, and more.

Final Thoughts

Blue chip NFTs are a much safer option when compared with normal NFTs. However, there’s risk involved, similar to any other type of investment available in the market.

You can follow the steps mentioned in this article to find the best blue chip NFTs that suit your investment style. Finally, diversify your tokens and stay informed about the latest trends in the NFT space.

Next, check out the best NFT wallets.