All financial ventures involve some degree of risk, but the unpredictable world of cryptocurrencies is especially risky. NFTs are familiar with this volatility as they are digital assets that are safely held on the blockchain. Finding a reliable NFT for investment can be difficult due to the market’s saturation with NFT collections. Professional buyers frequently decide to start their adventure with blue-chip NFTs, at the top of the market hierarchy. But what exactly is a blue-chip NFT, and how can one go about getting their hands on such valuable digital assets? To know more about bitcoin trading you can visit BitIQ
Blue-Chip NFT Explained
Traditional finance refers to securities issued by market leaders as “blue-chip stocks,” which are distinguishable by their enormous market capitalization and strong corporate repute. Similar to this, blue-chip NFTs within the NFT ecosystem represent initiatives that occupy prestigious positions on the most respected NFT marketplaces. These distinguished tokens can be distinguished based on factors including their NFT floor price, the reputation of the company that created them, the viability of their use cases, and the notoriety of their developers.
Blue-chip NFTs are preferred by seasoned NFT investors and collectors primarily because of their inherent reliability and possible profitability. Due to the higher degree of trust associated with these well-known enterprises, there is less chance of being a target of scams. Furthermore, as collectors usually prefer such well-known assets, the demand for NFTs from these notable collections is higher, making it simpler to sell them.
Where can you locate and invest in blue-chip tokens?
DeGods
You probably came across one of these unique digital personas if you were browsing Twitter profiles with NFT avatars. DeGods is a representative of the whole Profile Picture (PFP) character-focused NFT collection. These computerized avatars seem like holy beings in this intriguing collection, fusing contemporary streetwear with creative references to ancient deities.
The Solana blockchain, which is well-known for hosting numerous NFT projects, is where DeGods is currently housed. Each DeGod’s NFT is individually decorated with four to seven features chosen from a list of eight possibilities. According to the law of rarity, the more traits an NFT has, the more rare it is. Owners of DeGods have the intriguing choice to alter their NFTs, which is noteworthy.
Ordinary DeGods are elevated into the coveted DeadGods, a rarer and more costly collection, as a result of this transition. Owners must “burn” a DeGod’s NFT and pay the corresponding network cost to undergo this metamorphosis. NFTs from the DeGods collection are available for purchase through the Blur marketplace for interested collectors.
Bored Ape Yacht Club
The Bored Ape Yacht Club (BAYC), which was founded in 2021, is one of the most well-known NFT collections to date. 10,000 amusing cartoon apes have been painstakingly assembled into this one-of-a-kind assembly, each one precisely created by a smart contract endowed with unique characteristics, from expressions and headgear to clothing.
The Bored Ape Yacht Club, which lives up to its nautically inspired name, is an exclusive club where possession of a BAYC NFT grants members access to a variety of privileged advantages. The creative collaborative art project “The Bathroom,” which is only accessible to BAYC members, serves as a noteworthy example.
Art Blocks
While there are many Profile Picture (PFP) and metaverse-themed NFTs available, Art Blocks offers a unique category of generative art NFTs created by computer algorithms. These fascinating designs have been garnering a lot of popularity in several NFT marketplaces. Numerous collections of generative art NFTs are carefully curated by the Art Blocks project, with standout selections. If the world of generative art NFTs piques your interest, you may purchase one of these one-of-a-kind works directly from the Art Blocks website.