Dive into the NFT projects that have taken hold in the space
Navigating the NFT space requires being up to date and knowledgeable about the most prominent projects. But while new collections rise to the top and disappear within weeks, there are also the blue-chip NFT collections. These, on the other hand, demonstrate characteristics that differentiate them in the market and therefore are highly valued. Learn all about them in the full article!
What is a blue-chip NFT collection?
The so-called blue-chip NFT collections are those projects that have demonstrated a high and stable market value over the not-so-long trajectory of the NFT market.
Traditionally linked to the stock market, blue-chip investments are those of established big names in the market – like Apple, Coca-Cola, and Disney. In other words, financially sound businesses that have recorded consistent earnings.
Dapp industry’s analysis in the Q2 2022 report shows that “blue-chip NFT collections keep making their case to be considered a safer asset class than cryptos themselves.”
What makes an NFT collection blue-chip?
Even though the NFT industry isn’t exactly ancient and everything moves so fast, some collections have shown greater stability.
In the case of these investments, they are blue-chipped because they are the most stable in an industry that is – as we all know – incredibly volatile.
But what exactly makes it blue chip? Take a look at a few clues below:
- The blue-chip NFT collections have a long-term value proposition;
- The team behind the project has a solid and reputable presence in the industry;
- There’s a clear use case for the tokens that goes beyond speculation;
- And finally, they have a passionate community built around them.
So when you’re on the hunt for this type of NFT opportunity, this is what you can look for.
Top blue-chip NFT collections to know about
Now that we know how to identify blue-chip NFT collections, it’s time to get to know some of the most prominent projects in the space.
Here are ten projects you should be aware of:
Bored Ape Yacht Club
The Bored Ape Yacht Club is a collection of 10,000 Bored Ape NFTs on the Ethereum blockchain, generatively created and very valuable.
With several global celebrities joining the collection, BAYC has been among the top 5 NFT collections on DappRadar’s rankings for many months.
Other Yuga Labs’ well-established NFT collections include the Mutant Ape Yacht Club and Bored Ape Kennel Club – also blue chips in the space.
Cool Cats was one of the first to make a big splash in the NFT space.
The collection includes over 9,999 randomly generated digital cats that grant its holders exclusive access to their community events.
Speaking of the Cool Cats community, there are some celebrities in there, such as Mike Tyson and Reese Witherspoon.
The VeeFriends blue-chip NFT collection was designed by Gary Vaynerchuk to build a creative community using this revolutionary technology.
Once you own one of these collectibles, you get to join the artistic group and share your passion for business and NFTs with web3 industry leaders.
CryptoPunks is the first NFT project on Ethereum and remains to this day one of the most popular ones out there. Everyone in the space has heard about them.
Launched in mid-2017, CryptoPunks includes over 10.000 unique digital avatars that serve as inspiration for the ERC-721 standard everywhere.
What’s more, it’s also a celebrity favorite, with Jay-Z and Serena Williams have joined the community.
- Read also: What are CryptoPunks: A Simple Explanation
With an original look, Art Blocks NFTs earned their blue-chip status in part for their creative design. In particular, the Chromie Squiggle collection.
The project includes a wide variety of digital art, from abstract to more traditional pieces. Sales of these first peaked in August 2021, and NFTs were sold for millions of dollars.
In addition to the potential for stability, the project is eye candy for many art lovers with a preference for this type of NFT.
Azuki, a PFP NFT collection that rose to public attention in January 2022, has been blessed with a loyal community.
The 10,000 anime-inspired NFTs were bound to orchestrate a complex and promising roadmap from the start.
Even though Azuki faced challenges linked to creator Zagabond’s previous collections, generating debates and doubts, many influencers joined the community.
Doodles is a colorful and community-driven NFT collection that is one of the most popular projects and with the highest sales volume.
It includes over 10.000 generative avatars that are commonly resold for higher amounts. Whoever owns a Doodles NFT can take part in voting to help decide the future of the project.
Ultimately, Doodles aims to become a leading entertainment company on the web3, producing music, animation, games, and live events.
World of Women
Created by Yam Karkai, the World of Women NFT collection is a social platform that focuses on female empowerment.
The project includes over 10,000 digital avatars that can represent women in their uniqueness and are one of the main representatives of diversity on the web3.
Other than the original collection, WoW has also launched a second collection called World of Women Galaxy to expand their universe a bit more.
Moonbirds is a generative NFT collection that is one of the best examples of the importance of an influencer leading the project and the community behind it.
The collection of 10,000 Moonbirds was launched in April 2022 and had already achieved more than 100.000 ETH on secondary sales in just a few days.
The PFP NFT collection offers its community a wide range of benefits, including the ability to stake an NFT – upgrading its value.
The 20,000 next-gen Avatars of the RTFKT Studios CloneX NFT collection were a huge promise of the space even before its launch in late 2021.
The collection was designed by the Japanese artist Takashi Murakami, who is responsible for each NFT’s high quality and detail.
The story behind the collection is also very rich and embraces a future integration with the Metaverse, even granting CloneX a partnership with Nike.
Why are NFTs so popular?
NFTs have become extremely popular in recent months for a variety of reasons. First and foremost, they offer collectors and investors a new way to invest in digital assets.
They are also unique and cannot be replicated, which makes them more valuable than traditional digital assets like cryptocurrencies.
Finally, NFTs are often associated with famous brands or artists, which adds to their collectability.
How can I track blue-chip NFT collections?
If you want to stay up to date about the current state of your favorite blue-chip NFT collections, you’ll love the DappRadar tools. Starting with the comprehensive NFT Collections Explorer, where you can discover new and upcoming collections and trace most projects on the Ethereum network.
Our NFT Value Estimator tool also improves your research by using machine learning to calculate the estimated value for several NFTs.
And last but not least, you can check out top collectible dapps and NFT marketplaces using the DappRadar Rankings.
Do you want to keep learning about NFTs? So you must follow the DappRadar blog and Youtube channel for some easy-to-understand educational content, and our Twitter account to be updated with the latest news of the NFT space.
The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your own research.