Blue Chip Exploration

1. Why define blue chip collections:

  • Market dimension:
    • As the leader and typical representative of the NFT market, blue chip collections can be used as an indicator that reflects the overall market performance.
  • Collection dimension:
    • The performance and changes of blue chip collections are more concerned by the market, including floor price, transaction, liquidity, market value, etc.
    • If a collection has many blue chip holders, it means that the collection is supported by many people and is likely to become the next blue chip collection.
  • Address dimension:
    • If an address holds a blue chip NFT (blue chip holder), it reflects that the address has a certain financial strength and is probably good at investing in NFTs. Tracking these addresses is better than tracking random ones.

2. Blue Chip Collections

  • Blue chip collections refer to relatively mature, stable, and widely recognized projects that will maintain high value in the future and are worthy of long-term holding. There are currently some recognized blue-chip projects in the market, such as CryptoPunks, BAYC, Azuki, etc. There is no specific unified standard for screening blue chip collections.

  • The criteria for NFTGo.io to screen blue chip collections are

    • Market Cap is at the top among all collections(except Land projects and Art Blocks) listed on NFTGo.io
    • Leading collections of some important sub-categories - PROOF Collective (utility/passcard), Nouns(cc0)
  • According to the above criteria, a total of 16 projects were selected as blue chip collections, namely:
    CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, CLONE X - X TAKASHI MURAKAMI, Meebits, Doodles, Space Doodles, Cool Cats NFT, CyberKongz, World of Women, VeeFriends, Azuki, Bored Ape Kennel Club, PROOF Collective, Nouns, Moonbirds.

  • NFTGo will quarterly adjust the blue chip collection list based on user feedback, market status and collection performance. The update log is as below:

    • 2022 Q3 | Delete "Otherdeed for Otherside, The Sandbox, Decentraland"; Added "Space Doodles"
  • Relevant features:

    • BC Holders & BC Ratio
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  • Blue Chip Collection Highlighting
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    • Blue Chip Index
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    3. Blue Chip Holders

    • Definition:
      • For a single address:
        • Blue Chip Holder: An address that holds at least one blue chip NFT.
        • Super Blue Chip Holder: ∑The number of blue-chip NFTs held * the floor price of each blue chip collection > 200 ETH
      • For blue chip holders within a collection:
        • For Blue Chip collections, Blue Chip Holders are mutual holders of this collection and other Blue Chip collections.
        • For Non-Blue Chip collections, Blue Chip Holders are addresses that hold at least one NFT in any Blue Chip collections.
    • Relevant features:
      • Blue Chip Holder highlighting
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  • Super Blue Chip Holder highlighting
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  • Blue Chip Potential under each collection/holder page
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  • Blue Chip Holders trend under each collection/holder page
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  • Blue Chip Holders ranking under each collection/holder page
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