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‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip? -Breaking

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‘Legacy’ NFT prices are soaring, but exactly what makes a collection a blue-chip?

The popular term blue-chip NFTs can be found scattered across Twitter (NYSE) and many other cryptocurrency 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. What exactly are blue-chip NFTs? How do they get 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.

All-time average Moonbirds sale price / volume. Source: OpenSea
Bored Ape Yacht Club all-time floor prices.Sources: Floor Price for NFT