The 10 Affordable and Cheap NFTs You Should Check Out
You may have noticed how popular NFTs are nowadays. You may have seen news reports about people making millions of dollars after selling a picture of a strange gorilla. If not, you may have even seen an NFT project promoted by your friends on your social media news feed.
You may have gone ahead and checked some options on the internet. To your surprise, you find out that you need thousands of dollars to buy NFTs, or do they? Fortunately, this article will show you some of the cheap NFT projects that cost hundreds of dollars and even less!
First, let’s talk about the affordable options in the NFT space. After that, we will go through the important stuff you need before you invest in these digital assets. These include learning how to create, purchase, and sell non-fungible tokens yourself.
Here are the most promising cheap NFTs right now:
- Axie Infinity
- Space Capsules
- Secret Society of Whales
- Loopy Donuts
- Lost Souls Sanctuary
- Impermanent Digital
#1. Axie Infinity
This tops the list because it’s the most popular out of all the entries. it’s been a great help for people during the pandemic as it became a source of extra income.
Not to mention that it’s a great way to pass the time. Axie Infinity is a mobile game that lets you have fun while making money. You may like this if you’re a Pokemon fan.
That’s because it involves buying virtual pets called Axies and battling them against other Axies. You may fight ones owned by AI or by fellow players.
No matter how you do, you’re likely to earn cryptocurrencies called Axie Infinity Shards (AXS) and Smooth Love Potions (SLP). You may also gain in-game items as rewards.
The items and virtual pets are non-fungible tokens, so you can sell them at the Axie Marketplace. The platform uses Ethereum coins or Ethers (ETH) for transactions.
At the time of writing, the cheapest Axie was worth $28.04 or 0.01 ETH. Meanwhile, the most affordable item cost $4.49 or 0.002 ETH.
More importantly, you might have a good chance of selling NFTs from Axie Infinity. It has a decent player base made up of people who are willing to buy your Axies and items.
#2. Space Capsules
This takes second place for the most promising cheap NFT projects because of its unique concept. That’s because you have to combine two other NFTs to create one!
Once you have both, they will allow you to gain access to a unique NFT art piece of a Martian. The extra step of combining digital collectibles may help with the rarity.
You won’t know what you’ll get unless you combine digital art from these NFT collections. This could make it easier to price your asset since yours is most probably unique.
Read More: How The OpenSea Marketplace Works
#3. Secret Society of Whales
You may have heard of the Bored Ape NFTs. These weird-looking monkeys fetch millions of dollars in the NFT marketplaces, catching the attention of NFT lovers and haters alike.
You may think it’s simply bananas to purchase an image at such an exorbitant price. In that case, perhaps you’d like an NFT project that’s similar but underwater.
The Secret Society of Whales is an NFT collection of human-like whale creatures wearing different outfits. In other words, it’s like Bored Ape, but with whales.
More importantly, it’s much cheaper than its primate counterpart. At the time of writing, the cheapest Bored Ape art was worth 70.88 ETH or $198,836.83.
Meanwhile, the most affordable NFT from the Secret Society of Whales was 0.0001 ETH or $0.28. This makes it the more viable option for your first NFT purchase.
#4. Loopy Donuts
The next few entries are like versions of the Bored Ape NFT collection. They replace the monkey theme, but they also come in different outfits and colors.
Take the Loopy Donuts for example. These are cute donut creatures that come in different flavors hairstyles and accessories. Also, they cost almost as much as a dozen of the sweet pastry!
At the time of writing, the OpenSea NFT marketplace lists the cheapest Loopy Donut at 0.0149 ETH. That’s $41.80, which can buy roughly ten donuts from your neighborhood store.
#5. Lost Souls Sanctuary
This one offers different versions of ghosts on the NFT market. Don’t worry, these aren’t as spooky as the ones that crawl out of TV screens.
Instead, the Lost Souls Sanctuary is made up of cute ghosts that look like a floating white cloth with googly eyes. They may even hold items, rock different hairstyles, or show all sorts of emotions.
At the time of writing, the Lost Souls NFT with the lowest price was 0.031 ETH or $86.96. Just make sure you get into the NFT sales quickly or the offers may ghost you!
This is like the Bored Ape NFT lineup, but it uses a human for the template. Each art piece just puts different outfits or accessories on the cartoon person.
At the time of writing, the OpenSea NFT Marketplace lists the cheapest option at 0.0662 ETH or $185.71. This is a bit pricier than the other entries, but it’s arguably a cheap choice in the NFT world.
Browse NFT marketplaces for a while, and the options tend to blend. Encryptas sets itself apart by looking a lot closer to regular artworks than other NFT art.
Each Encryptas NFT looks like the outline of a woman with broad shoulders. Each one differs in skin tone, hairstyle, hair color, clothing, and accessories.
You can say they’re like the Bored Ape NFTs, but they look like regular folks with ordinary clothes. You won’t find them wearing wacky stuff like gold teeth unless the art style changes soon.
At the time of writing, the cheapest Encryptas art was 0.039 ETH or $109.18. Similar to the other entries, the price came from the OpenSea platform.
If you’re looking for simple and cheap NFTs, this might fit your needs. The NFT artist Yohei Nakajima created 10,000 images of pixelated cartoon animals and turned them into digital assets.
They look like characters from an 80s video game. You can count the pixel blocks forming each PixelBeasts NFT. Still, they’re one of the most affordable NFTs you can buy right now.
The cheapest one was worth 0.018 Ethers at the time of writing. That’s equivalent to $50.26, so you can start building your NFT collection for a low price.
#9. Impermanent Digital
CryptoPunks was one of the first NFT collections that became popular. Similar to Bored Ape, this inspired numerous digital artworks with the same theme.
The NFTs from Impermanent Digital may seem similar to the CryptoPunks except that they look distorted. You might not like how they look, but they’re cheap NFTs nonetheless.
At the time of writing, the one with the lowest price was worth 0.0486 ETH or $135.70. The previous collections have cheaper NFTs, but this is an available option should you need one.
Looking for cheap NFTs is a risky process. You will have to try your luck with projects that have not proven themselves on the market yet.
Look at autoRAD, and you may have some doubts about purchasing. They look like a pile of random geometrical shapes and lines. They come in different colors and backgrounds.
At the time of writing, the one with the lowest price was worth 0.115 ETH or $321.11. Perhaps this will catch on just like the Bored Ape collection. Note the risk of investing in any NFT.
How did the NFT craze start?
It may seem surprising that people around the world are spending this much money on digital art. The medium has been with us for many years, but the masses seemed to gain an interest in it when NFTs came into the scene.
You may even scratch your head even more once you realize the function of NFTs. It’s an acronym that stands for “non-fungible tokens”, and it records ownership of anything into the blockchain.
This allows the person to own a unique copy despite numerous replicas available for free. After all, those will not have the same signature it has on the crypto network.
Crypto networks or blockchains are the groups of interconnected computers that make cryptocurrencies possible. Unlike regular networks, they don’t have a central server.
If you attack the central hub for an ordinary network, then you can take down the system. Meanwhile, it’s more complicated with crypto networks because you will have to take down each computer in them.
Non-fungible tokens didn’t enter the minds of the masses until March 11, 2021. A digital artist who goes by Beeple sold his art as an NFT worth $69,346,250!
As a result, millions of people became interested in this once niche technology. People saw it as a get-rich-quick scheme. Artists saw it as a new way to earn from their work.
Where can I find cheap NFTs?
You can find so many online platforms that connect NFT buyers and sellers. Binance is the biggest cryptocurrency exchange in the world, and it has an NFT market as well.
If you’re on the lookout for cheap NFTs, you might want to look in the OpenSea. What’s great about it is that it doesn’t store the NFTs. It only makes it easier for buyers and sellers to complete transactions.
The buyer’s funds and the seller’s NFTs are safe in each of their digital wallets. The exchange only happens once both parties confirm the transaction.
This may look like a regular exchange, so it may seem strange to highlight this quality. Yet, some NFT marketplaces require users to leave their money and NFT collection on the platform.
As a result, they’re more likely to put their assets at risk in case of a security breach. Nevertheless, you have numerous options for NFT platforms, such as Nifty Gateway.
How can I buy NFTs?
Each NFT marketplace works similarly except for some features like the fees. Start building your collection with the help of the following steps:
- Get a digital crypto wallet like Metamask. If you want the utmost protection, you might want to get a physical or cold wallet instead.
- Create an account for a crypto exchange like Coinbase or Binance. This will allow you to buy cryptocurrencies that will let you purchase NFTs. Make sure you get the one that your chosen NFT market accepts. Remember that most of them use Ethereum.
- Connect your crypto wallet with the crypto exchange account, so you can fill it with Ethereum or other cryptos you need.
- Make an account in your desired NFT platform.
- Link your wallet to it, so you can start purchasing NFTs.
How to find cheap NFTs?
You can find affordable NFTs yourself if you spend enough time looking for them. You may even find ones that barely anyone has talked about before.
If they turn out to be a promising NFT project, then you may gain a lot of money by investing in them. That’s because you can start your investment at an early stage in its development.
You can consider the Bored Ape and CryptoPunk NFTs as safe options, but they usually don’t have that much room to grow. It has gained millions of followers and investments, but it may have trouble finding more.
Here are the steps to finding the most promising NFTs while they’re cheap:
- Look around the internet for NFT projects before they come out. This takes more time because there won’t be many websites covering the concept. It may help if you look into forums like Reddit and similar sites.
- You might want to look around social media. Search “NFT” on Facebook and Twitter, and you’ll get thousands of results. Still, you will have to sift through all of them yourself.
- Let’s say you found an NFT project under development. Look into its website and social media pages to learn more about it.
You may overlook the most important step while looking for cheap NFTs: make sure you like the project! It’s not good to invest in something that you don’t support.
Picking these investments means finding the ones that are likely to grow in value. If you don’t see that your NFTs may become more appealing, then how can you say that it’s a good investment?
How to sell NFTs
Note that it’s challenging to make money off these digital artworks. You will have to find people who are willing to pay for it. Adding your NFTs in the market doesn’t guarantee that.
This is when you will need to have some online presence. You may find this easier if you’re an up-and-coming influencer with a few thousand followers at least.
If not, you might need help from those folks. See if you have friends that create online content such as videos. Then, you might want to ask them for a shoutout in their next video.
Also, you might want to ask a digital marketing agency for help. See how LeadAdvisors could bring more leads to your NFT collection by clicking here.
Note that this article is not meant to provide investment advice. Learn all you can about an asset before investing. More importantly, be wary of the risks involved in all assets.
Take the cheap NFTs as an example. Buying them early doesn’t mean you can make money from them easily. If you can’t find someone to buy them, then you won’t profit from your digital art.
There’s a chance you can make money from NFTs, but why rely on just one type of asset. Learn more about other assets by reading more Inquirer USA articles.