Beginner’s Guide to Blue-chip NFT Projects 2023

 With the fast growth of the NFT market, there are millions of top software development companies in the world NFT collections and projects have been created. The idea of investing in cryptocurrency in general and NFTs, in particular, is an emerging trend across the world and has led to the growth of many young millionaires. Additionally, the amount of fraudulent NFTs has grown, making it challenging for those who are new to gain access to this market.

If you're looking for appropriate NFTs to invest in long-term investments Blue Chip NFTs is among the most well-known choices. Like blue chip stocks, blue chip NFTs have always enjoyed solid quality and credibility regardless of whether market conditions are favorable or not. In the following article, we'll provide you with more information about Blue Chip NFTs and some examples of the top five Blue Chip NFTs.

What is Blue Chip NFT?

Blue-chip NFTs are non-fungible tokens with significant value and stability. they are regarded by many as investments that are guaranteed an increase in value over the long term and represent

t the market. According to Oxalus, blue chip NFTs are categorized by aspects like brand name and community involvement and value of the company, its market cap, and trading volume. Furthermore, Top custom software development companies Blue Chip NFTs are acknowledged and utilized in the hands of KOL in the cryptocurrency market.

The phrase "blue chip" is derived from the game of poker. In the 19th century of America, blue chips had the highest value in games of poker, and so the term was used to denote the most valuable assets. In traditional finance, the term blue chip is usually a reference to the shares of the most renowned top software development firms around the globe, which typically offer top-quality services and products and are considered as an excellent investment. An investment that is reliable in all aspects in the marketplace.

5 Best Blue Chip NFT Projects in 2022

After we have a better understanding of blue-chip NFTs, let's discuss the best blue-chip NFTs on the market and the reasons why they are admired by the majority of people for custom software development services.

Cryptopunks

Cryptopunks is among the most popular project that is in the NFT space. It consisted of NFT-specific images with a resolution of 10,000 pixels that were created using algorithms in 2017 and then published through custom software development services Laravel Labs in 2017. In the beginning, anyone was able to acquire a Cryptopunks NFT image provided they paid an Ethereum gas cost to mine it.

The reason this collection is popular is that it is extremely scarce because the entire 10,000 NFT images are owned. The punks set records with the sale of 8000 ETC ($23.7 million) on February 20, 2022. To own the NFT in this set is similar to owning an original antique.

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Bored Ape Yacht Club

Bored Ape Yacht Club is an exciting project that has garnered lots of attention in just a few days. Similar to Cryptopunks The project is comprised of a set of NFT images that are random cartoon apes with diverse features. The BAYC community made use of these characteristics to determine the rareness of an Ape.

Bored Ape Yacht Club was so popular it Larva Labs sold the rights to two of its NFT collections, Cryptopunks and Meebits IP and Meebits IP, for Era Labs. Based on data from CoinGecko the market value of the collection was $2.5 billion as of March 20, 2022. In addition, the bored monkey is sold at an average price of more than $250,000, which makes BAYC among the top expensive NFT collectibles available in the cryptocurrency market.

Azuki

Azuki is a highly-rated NFT blue-chip project designed for fans of anime. Azuki has 10,000 stunning avatars that feature anime-inspired designs which appeal to those who are interested in anime, both NFT and Japanese anime culture.

One of the reasons the NFT collection gained so much traction is the massive following that Azuki gained in the first few months following its debut. With the biggest overall trading volume of between 190,000 and, 190,000 ETH Azuki has established its status to be among the most popular blue chip NFT projects.

Doodle

The collection of Doodles consists that includes 10,000 NFT profile photos that include vibrant line-drawn avatars drawn by Burn Toast. The top software development companies in the world collection were released on Ethereum in the month of October 2021. the price of 0.123 Ethereum per mint.

Doodle was a hit due to its community-oriented efforts right from the beginning. According to the data of Coingecko and top software development firms, the lowest price of Doodle NFT has surpassed $35,000. Furthermore Doodle NFT has a market value of more than 350 million as of 2022.

Mutant Ape Yacht Club

Mutant Ape Yacht Club (MAYC) is an upgraded version of the renowned Bored Ape Yacht Club (BAYC) NFT Collection, which includes 20,000 exclusive Mutant Ape digital art images. Like BAYC and the collection's exclusive community access and distinctive membership benefits have been instrumental in making MAYC the next hottest NFT collection.

At first, MAYC was primarily a reward for BAYC holders, but it soon gained traction and also attracted new members to the mutant ape group. Alongside the 10,000 NFTs that were given to BAYC holders at no cost, the Gorillas were sold for 10,000 within a matter of hours after the debut, earning the sum of $96 million.

How do I find Blue Chip NFT? how do I locate it?

Like blue-chip stocks Similar to blue chip stocks, blue chip Top custom software development companies  NFTs are valuable collectibles that are safe to invest in due to their appeal and value will only increase with time. The NFTs tend to be large-cap and with a reputable reputation and a high volume of trading. In addition, the ability to provide long-term returns for investors is an important aspect to think about when deciding whether NFTs are blue-chip or not.

When you make an investment in NFTs with Blue Chip you'll gain over the long term. It is crucial that prior to switching to Blue Chip NFTs you identify an appropriate NFT that you can invest your money. It is possible to use current tools like Oxalus to study and analyze the upcoming NFTs to determine a blue-chip NFT. Here are the requirements for you to consider when identifying Blue Chip NFTs:

Brand

Usually, blue chip companies enjoy a good reputation within communities, and possibly worldwide recognition. They'll have lasting value in the long run, which makes NFTs historical and relevant to the culture for many decades to come.

Team reputation

In addition to being a reputable brand with a solid reputation, a blue chip NFT requires an experienced staff behind it. If you can see that the team of NFT have a good reputation, then NFT collections are well-known and have earned a positive name, there's an excellent chance of this NFT collection is going to be well-known.

Floor Price and Sales Volume

In general, the higher the cost of a floor NFT is, the more valuable it will be. This indicates that the NFTs within the collection are desirable and that lots of buyers are willing to pay huge sums of money to purchase these items.

Utility cases and use cases

These days, NFTs aren't only profiled photos. They are able to provide owners with many attractive benefits like attending an airdrop event. So, if you spot an NFT with appealing characteristics, it could be a great investment.

Final thoughts

It is important to note that the NFT market is in its early stages and a lot of NFTs may not be able to qualify as blue-chip NFTs. This is an excellent chance to study and determine the potential NFT collections now. The process of making predictions can be complicated because of the lack of information available however the elements discussed in this piece will allow it to be simpler for you to start your research.

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