‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?
‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?
Blue-chip NFTs is a popular buzzword one will find strewn across Twitter (NYSE:TWTR) and various crypto media. The term, “blue chip,” is borrowed from traditional finance where stocks that are considered to be the well-established extension of corporations known for their quality, reliability and financial stability. But, exactly what are blue chip NFTs and how are they identified?
Nansen research analyst Louisa Choe, comments to Cointelegraph that since NFTs are still nascent “…it is sometimes challenging to apply this criteria since NFT as an asset class is still evolving.” The general consensus is that the much sought after blue chip is the asset with the least amount of volatility, meaning it sustains its value over time.
Moonbirds all-time avg. sale price / volume. Source: OpenSeaBored Ape Yacht Club all-time floor prices.Sources: NFT Price Floor
