What Are Blue Chip NFTs — and Are They a Good Investment?

Investing in NFTs (non-fungible tokens) has become the new wild west of the crypto world. But with so many projects in the space, it can be hard to keep up — and easy to get scammed. 

The current big trends in the NFT space are in crypto art, music, gaming, and TV shows. Many people think buying an NFT is like buying a link to an image or video clip on the web, but that’s a simplification. Holding an NFT actually gives you the sole right to sell that NFT, as well as a variety of additional benefits that include access to exclusive communities, the right to intellectual property, eligibility for exclusive content and airdrops, and more. 

While NFTs are technically similar to any cryptocurrency on a foundational level, they have one key difference: Every NFT has its own unique serial number. Most cryptocurrencies are interchangeable, but NFTs are always unique, making them the ideal medium for proving ownership.

The ever-growing popularity of NFTs has naturally led some of them to “blue chip” status, especially as more people look into NFT investing.

In this guide, we’re going to take a look at what blue-chip NFTs are and how they’re different from blue-chip assets in traditional finance, and at some examples of blue-chip NFT projects.