An investment that has great potential. Blue-chip as a term is derived from the financial industry, primarily from stock markets. It describes the most stable investments which yield stable returns.
This definition applies to cryptocurrencies with great market caps that have stood the test of time, and well-established NFT projects, which have been around for a while. The term “blue chip” also describes ultra-rare and valuable works that might be concealed from the public.
Example of usage
- “She is smart, she invested a piece of her paycheck each month, and now, the bulk of her investment income still comes from the relative safety of blue-chip companies.”
- “Because so much of the high-end art on display will be sold to private collectors, this may be your only chance to see some blue-chip artworks.”
- “With so many new NFT projects debuting every day, it’s more difficult than ever to find the appropriate ones to invest in. To assist us in locating the blue-chip NFTs among the masses, we all need our go-to tips and tools”.
History of the term “Blue-chip”
Terms from traditional finance tend to trickle down into the crypto space, and the area develops.
The term “blue chip” was first used to describe high-priced stocks in 1923 when Oliver Gingold, an employee at Dow Jones, observed certain stocks trading at $200 or more per share. Poker players bet in blue, white, and red chips, with the blue chips having more value than both red and white chips. – Investopedia.