Invest in NFTs – 10 NFTs Which Are Investable in an Index Published by Tim Thomas

NFTs have come into their own over the past year, with demand rising to levels that blockchain pioneers could never have predicted. Even Vitalik Buterin, the author of the Ethereum whitepaper, recently noted how Ethereum’s use case for non-fungible tokens (NFTs) surprised him. This growth has brought the sector to the attention to everyday investors who may want to invest in NFTs.

Popular NFT projects including the Bored Ape Yacht Club and CryptoPunks have been out front, with these digital avatars commanding anywhere from hundreds of thousands to multiple millions of dollars, payable in crypto like Ethereum.

Investors might find themselves intrigued but not quite willing to fork over $600,000 for a piece of digital art quite yet. Fortunately, they have other options, one of which is a recently introduced NFT index that gives investors exposure to a basket of non-fungible tokens.

The index, which was recently launched by Bitwise, is called the Bitwise Blue-Chip NFT Index Fund, and at last check, its constituents include 10 of the most valuable projects that have helped to shape this cultural revolution in the blockchain space. Investors can gain access to this index with a minimum investment of $25,000.

The NFT sets in the index are subject to change, not to mention risk, given the nascent nature of this market, but we’ve rounded up the collections that are represented now. They are listed from the smallest to the biggest weightings in the index.

No. 10: Chromie Squiggle (2.46%)

Chromie Squiggle is a generative art project by artist Erick Calderon, who goes by Snowfro. It is an NFT collection with 9,200 out of 10,000 items minted, each one quite basic and animated with various color hues that can be calculated.

No. 9: Meebits (3.29%)

Meebits is a collection of “20,000 unique 3D characters” created by Larva Labs, the same team behind CryptoPunks, which we’ll get to later on the list. Similar to Chromie Squiggles, Meebits are algorithm-generated and are registered on the Ethereum blockchain. 

No. 8: Cool Cats (3.60%)

Cool Cats are a set of randomly generated NFTs on the Ethereum blockchain. There are 10,000 of these NFTs in the first generation set based on hundreds of thousands of possible combinations across “a variety of outfits, faces, and colors.”

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