In this concise guide, we’ll explain everything you need to know about affordable non-fungible tokens (NFTs), including top cheap NFTs to buy, where to find them, how to buy them, and why they’re a great investment for any budget.
Whether you’re a seasoned collector or just starting out, this guide will help you explore the world of cheap NFTs and discover the perfect addition to your collection.
Top Cheap NFTs To Buy in 2023
Axie Infinity is a play-to-earn game. All you do is buy and breed cute creatures called Axies. With the growing NFT community, many people seek affordable Axies for investment.
The price of Axies can vary depending on the specific Axie and the market conditions at the time of purchase. As of November 2021, the cheapest Axies on the market typically start at around $200 USD, while some of the rarer and more powerful Axies can sell for thousands of dollars. But according to CoinMarketCap, the live Axie Infinity price of August 2023 is around $5.9. The items are cute.
It’s worth noting that Axie Infinity also uses a separate in-game currency called Small Love Potion (SLP), which is used to breed and upgrade Axies. The price of SLP can also fluctuate based on market conditions and demand.
Tamadoge is a play-to-earn NFT project with virtual pet Tamagotchis. It’s an inexpensive option with utility and nostalgia for your portfolio.
As of November 2021, the price of Tamadoge (TAMA) can vary depending on the market conditions at the time of purchase.
According to CoinMarketCap, the live Tamadoge price as of November 2021 is around $0.0005 USD. And the live Tamadoge price of August 2023 is around $0.008948.
It’s worth noting that cryptocurrency prices can be highly volatile and subject to rapid fluctuations based on market conditions and demand. Therefore, the price of Tamadoge may have changed by the time you read this article.
Awesome Possums are inexpensive and charming NFT characters. They enhance community engagement and fun. These cute critters are a delightful addition to your collection.
According to Opensea, Its floor price as of August 2023 is around 0.0009 ETH
“Frens” is an internet slang term meaning “friends,” which is often used in the context of online communities and social media. frENS is created by the FrensDOTeth team and is designed to represent unique digital artwork and collectibles.
It is one of the hottest NFTs in 2023. And its price is affordable.
Nakamigo is one of the hottest NFTs in 2023, and there are 20,000 unique crypto investors on the blockchain with commercial rights. Some people may ask if Nakamigos is the Next 100x NFT Project. Its price is still affordable, the flow price as of August 2023 is 0.363 ETH.
Battle Infinity is a popular NFT rewards game with a cheap entry point. Play and earn rewards, and you can get a return on investment.
According to CoinMarketCap, the live Battle Infinity price as of August 2023 is around $0.0004537.
Where to Find Cheap NFTs?
One of the best places to find cheap NFTs is browsing various NFT marketplaces. Some popular platforms where you can explore affordable NFT options include:
Keep an eye out for new collections or artists offering fair-priced NFTs. Don’t be afraid to explore lesser-known marketplaces. Searching and filtering options helps you discover NFTs within your budget.
Find cheaper NFTs by searching for NFT LaunchPad platforms that promote new projects. They include PolyStarter, Poolz, and BSCPad. They enable you to get a sneak peek at upcoming NFT projects before they hit the market.
By joining these platforms, you can buy NFTs at lower pre-sale prices. Here, you can find projects with growth potential.
Finally, keep an eye on upcoming NFT projects. New collections and artists often hit the market. Staying informed on their launches gives you a chance to be one of the first to buy NFTs at lower initial prices. Here’s what you need to do:
- Follow prominent artists or collection creators on social media,
- Visit NFT news websites like Crypto News Opensea, and InsideBitcoins.
How To Sell NFTs: Future of Affordable NFTs
When exploring the world of affordable NFTs, you must understand the selling process. As a seller, remember that the future of NFTs is all about accessibility. It’s about bringing more people into the market.
To begin selling your affordable NFTs, you must
- Set up an account on an NFT marketplace.
- Once you have an account, connect your digital wallet to your preferred platform.
- List your NFTs for sale. But, ensure you conduct thorough research on pricing. Understand market trends and demographics to attract potential buyers. Don’t underprice your work. But ensure it remains affordable for enthusiasts entering the market.
Also, focus on community-building and marketing efforts. Showcase your NFTs and drive interest. You can share your work on social media platforms, NFT forums, and Discord channels.
Engaging with your audience through these channels increases the likelihood of attracting buyers.
Are Cheap NFTs a Good Investment?
As you venture into the world of cheap NFTs, you may wonder whether they are a good investment. Plenty of affordable NFTs are available. But, finding those with the potential for increased value over time can be challenging.
Scams in the NFT Market
Be cautious of scams when considering cheap NFTs as an investment. Scammers may sell counterfeit or low-quality NFTs, leading to loss.
To reduce risk, research the project and the artist’s credibility. Seek reputable platforms, transparent communication, and well-known creators. Avoid getting swayed by hype or flashy marketing.
Understand NFT ownership and rights, and factors affecting future worth, like scarcity. Exercise prudence and proper research to avoid scams. Stay diligent and informed to make better investment decisions in this innovative space.
Frequently Asked Questions
What is an NFT actually? And how does it work?
An NFT (Non-Fungible Token) is a unique digital asset. It represents ownership of a digital item, such as artwork or a collectible. Unlike cryptocurrencies like Bitcoin, each NFT is distinct. You can’t exchange it on a 1:1 basis with another. When you own an NFT, you have verifiable proof of ownership recorded on the blockchain.
How are NFTs created?
To create an NFT, you’ll need to “mint” it on a blockchain, such as Ethereum or Binance Smart Chain. This process involves uploading a digital file (such as an image or video) and assigning it a unique token.
The creator provides the metadata. It contains details like the name, description, and other properties. Once minted, you can buy, sell or trade it on various NFT marketplaces.
How much does it cost to create an NFT?
The cost of creating an NFT depends on a few factors. these include the blockchain you choose and the current network fees. You also need cryptocurrency (like Ether) to pay the “gas fees.” These fees can fluctuate based on network congestion. The creator might spend anywhere from $20 to $100 or more for minting an NFT.
What are the best NFTs to buy under $100?
It’s tough to point out specific NFTs that are good investments under $100. But, you can explore affordable NFT projects that have potential. Research the project’s background, utility, and community engagement before deciding.
Which NFT marketplaces offer cheaper options?
Several NFT marketplaces, such as Mintable, OpenSea, and Rarible provide more affordable options. Fees, transaction costs, and the actual price of the NFTs vary across platforms.
What factors contribute to NFT prices?
NFT prices depend on factors like rarity, creators’ popularity and project hype. Others include asset utility, market demand and scarcity. If an NFT is part of a limited collection or has exceptional attributes, it may increase the price.
How to start investing in NFTs with a small budget?
Start by researching affordable NFT projects and focus on those with strong fundamentals. This includes factors like utility and community support. Create an account on a marketplace and connect your digital wallet. Then, buy the NFTs within your budget. Remember to keep track of purchases and sales for potential tax implications.
Are there any free NFTs?
Some NFT platforms and projects offer promos or giveaway tokens. Keep an eye on social media, forums, and project websites for announcements. But be cautious of scams claiming to provide free NFTs.
What are some beginner-friendly NFTs to consider?
As a beginner, search for NFTs from reputable projects. Look for those with large communities and credibility. Some examples include CryptoKitties, Decentraland, NBA Top Shot, and Sorare. When investing in NFTs, conduct research and assess the risk. Make sure to carefully consider before spending your hard-earned money.