Comment on page
NFT Selection Criteria
The selection process of certain blue-chip NFTs is rigorous, involving multiple filtering stages to ensure that only the most valuable and high-quality projects are included in the final index.
Please look at the diagram below to see the NFT selection process. 👇
Step 1: The process begins by collecting data from Opensea APIs and sorting the top 100 projects based on trading volume.
Step 2: This data is then fed into a database and actively filtered based on various criteria, such as:
We have handpicked projects that have transacted a minimum of 10000 ETH. They must be freely traded, with very low wash trading and illiquidity risk.
We’ve picked projects where the number of unique owners is at least 4000.
Web3 is packed with copy-paste projects. To avoid the risk of counterfeiting or fraud, we only consider the projects that are verified and listed in the top NFT Marketplaces.
We prioritize projects that have been actively running for at least one year and have a proven track record of success within the industry.
We highly prefer projects with solid activity and engagement. We consider projects with a volume greater than 500 ETH in the last 30 days.
Step 3: Next, we employ a 3rd party data vendor - BitsCrunch - to conduct an additional ‘Quality Filtration’ using Wash Trading Score and Collection Score as criteria to narrow the list of NFT projects further.
Step 4: The final selection of premium Blue-Chip projects is done based on all these filters and added to our NFT index.
Overall, this selection process ensures that only the most valuable and high-quality projects are included in the final index, providing investors with a reliable and trustworthy index of blue-chip NFT projects.