Like any investment, buying blue-chip NFTs entails risk, including market volatility, the potential for fraudulent projects, and violations of intellectual property (IP) laws and regulations.
Even if blue-chip NFTs are typically thought to be more stable and attractive due to their scarcity and established market demand, NFT investments should be made cautiously. Market turbulence, the potential for price changes, and the possibility of fraudulent or subpar NFT projects are a few risks.
Bored Ape Yacht Club (BAYC)
NBA Top Shot
Research established platforms
Follow influencers and NFT specialists
Rarity and demand
Engaging with NFT communities and influencers
Participating in NFT auctions and drops
Analyzing historical data