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Looking for the Best Blue Chip NFT projects that can serve as a medium for long-term investments? Crypto punks are one of the best blue-chip NFT projects in 2023!
“Blue-chip” as a term derives its origin from the stock market. It refers to any stock or investment renowned for its financial stability and guarantees to operate profitably regardless of the market situation.
In most cases, Blue Chip NFT projects have exhibited a record of growth and high income, which qualifies them to serve as a stable and long-term investment, especially for blockchain enthusiasts and tech-savvy individuals. Such investment is generally expected to return high yields.
On the other hand, NFTs, an acronym for Non-Fungible Tokens, are digital collectibles tradable and possess unique characteristics that are verifiable on a blockchain.
Today’s guide will provide an overview and a closer look at the Best Blue chip NFT projects in 2023.
The 5 Best Blue Chip NFT Projects In 2023 Overview
Before you choose an NFT project that suits your investment preferences, there are several factors you have to consider. These factors include its content, floor price, sales volume, and utility.
We have covered a brief overview of the top 5 blue-chip NFT projects in 2023 below.
1) Crypto Punk: Overall Best Blue Chip NFT Project In 2023
with an October 2021 record-breaking sale of $532 million for one of its assets – the crypto punk #9998; crypto punk remains the overall Best Blue-Chip NFT project in 2022 based on its value and market demand.
Crypto punk is an NFT on the Ethereum blockchain, and the ERC-721 standard hosts most digital arts and collectibles. Crypto punk consists of up to 10,000 24×24 pixels that are generated algorithmically. These pixels feature images that portray a random person smoking a pipe or wearing a hat.
For investors who are NFTs enthusiasts, it would be interesting to note that an average crypto punk can be worth a lot of money! The market value makes crypto punks rank as the Top blue-chip NFT project. Moreover, there will only be 10,000 crypto punks, which creates scarcity amongst holders and helps drive up sale prices.
For instance, crypto punk #7804 fetched the owner more than $7.5 million. So, if you are thinking of an NFT project guaranteed to rake in money, fund your wallet and go for a crypto punk.
2) Bored Ape Yacht Club: Best Blue Chip NFT Project For Commercial Usage Rights
what makes the Bored Ape Yacht Club feature on the list of blue-chip NFT projects is its unique collection of 10,000 Bored Ape NFTs and digital collectibles (arts) hosted on the Ethereum blockchain.
A Bored Ape costs 0.08 ETH, and there are only 10,000 Bored Ape tokens. This automatically creates market scarcity for demand, which is the main factor that drives up the market price. Similarly, Bored Ape token owners have exclusive ownership and commercial rights over their NFT.
These perks collectively make the Bored Ape Yacht Club one of the Best Blue Chip NFT projects in 2022 that serve as a profitable investment for NFT lovers.
3) Azuki: Top Rated Blue Chip NFT Project For Anime Lovers
Azuki’s considerable followership garnered within months of its debut is a factor that makes it classified as one of the Top rated blue-chip NFT projects. Azuki boasts of a collection of 10,000 avatars noted for their anime-themed design, which appeals especially to NFT enthusiasts who are anime lovers.
An Azuki grants the holder access to live events, exclusive NFT drops, and streetwear collaborations. With an April 2022 total sales volume of 190,000 ETH and a net worth of $540 million, Azuki has seemingly proved its credibility as one of the top favored blue-chip NFT projects guaranteed to deliver optimal returns on investment.
4) Doodles: Best Blue Chip NFT Project With Exciting Visual Traits
As a blue-chip NFT project, Doodles features a collection of 10,000 NFTs noted for their unique visual traits designed by Burnt Toast. Some of Doodle’s collections include rare heads, costumes, and the colorways of an artist’s palette. Similarly, Doodle offers collectors unique experiences such as the Space Doodle.
More fundamentally, Doodle bank serves as the community treasury for collectors, with a total asset valued at over $5 million.
5) World of Women: Popular Blue Chip NFT Project For An Inclusive Society Enthusiast.
The 21st century has witnessed a lot of debates that continue to revolve around topical issues such as an inclusive society. Similarly, artistic expressions have captured this concept in music and movies. More importantly, when it comes to digital collectibles, such concepts find expression through the World of Women NFT.
World of Women aims to build the world’s first fully inclusive web3 through its collection and support from its community. World of Women seeks to improve diversity in the NFT space and ensure the creation of equal opportunities for all. World of Women features 10,000 items with a sales volume of $123 million.
These features make the World of Women one of the popular NFT Blue Chip projects, especially for its 5,436 collectors, who rake in $11,000 on an average sale.
What Makes An NFT A Blue Chip NFT Project?
Several factors and metrics can determine if an NFT project is one of the best blue-chip NFT projects. Those factors include brand identity, developer reputation, track record, and project utility. For a proper understanding of what defines an NFT project as a blue-chip, we will briefly ask some questions;
- The Identify Of The Blue Chip NFTs.
One significant metric that can be used to determine the Blue Chip NFTs is the identity of the brand launching it. In any industry, the early establishment of a project helps define the brand’s identity before competition becomes rife.
Thus, the early establishment serves as leverage to achieve the required publicity that drives mass followership. For instance, if an NFT project debuts early in the NFT space, the innovative drive is one factor that establishes its identity in the emerging industry. It helps establish its reputation as a leading project.
In the NFTs space, NFT projects such as crypto punks that debuted early were quick to gain mass recognition, followed by subsequent purchases and acquisition of the collections by users. These factors contributed significantly to the emergence of crypto punks as the overall the No.1 blue-chip NFT project in 2022.
- NFT Developer’s Reputation
To a considerable extent Blue Chip NFTs can be determined by evaluating the developer’s reputation. If the developer has a reputation of previous work experience or partnership with major companies such as Microsoft, Google, or Oracle, it helps to improve the team’s credibility. Improved credibility of the developer team, to a considerable extent, defines the followership of the NFT project.
- Utility Of The NFT Project.
An adequately designed NFT project offers a clear roadmap that details the stages of the NFT project, and this is one important test that an NFT project must pass for it to be noted as BlueChip NFTs. One important concept that should be included in the roadmap is the project utility.
The Blue Chip NFTs offers a concise and practical reward for holders. If an NFT project is clear about what utility and how it wants to reward holders, it has passed one of the three tests that qualify it to be noted as one of the blue-chip NFT projects.
While exploring the dynamic and complicated world of NFTs, the term “Blue Chip NFTs” is expected to pop up more times than necessary. And that is quite understandable, given that several developer teams are trying to market their NFT project as a stable investment vehicle guaranteed to drive in funds after a long-term investment. However, the warning remains that NFT enthusiasts and prospective investors should take time to study NFT projects to make sure it is not a rug-pull scam.
This article is published by Myonlinesecurity.com (c)
Disclaimer: Myonlinesecurity has no affiliation or relationship with any NFT projects or events unless explicitly stated otherwise. None of the information you read on Myonlinesecurity should be taken as investment advice.