Post
Topic
Board Altcoin Discussion
Re: What is a Blue Chip NFT?
by
cloirecrom
on 13/01/2023, 04:01:22 UTC
NFT industry is built on greediness and hype together with many scams. You won't be able to find bluechip NFTs.

They are kind of altcoins but how many bluechip altcoins you can have in cryptocurrency market? Not more than one hand.

For me I can name only Ethereum, BNB (Binance token) and maybe UNI token (from Uniswap) to the list of bluechip altcoins.

Sandbox, Decentraland, Axie Infinity are suffered seriously by dump pressure from their gamers, not only from the bear market. In addition, those NFT projects raised funds from the crowd by many sale rounds, Serie A, B, C, private, seed, public sales that bring dump pressure when their tokens get unlocked.
cause there is opportunity on it. same think can be said with  crypto project, stock market, bank system list goes on.
some only produce useless nft build unto hype. but there are many real project with real utility that need nft to work.