What Is the Cheapest NFT You Can Buy?
Non-fungible tokens (NFTs) have gained popularity around the world. One of the best ways to make a fortune in the NFT world is to trade NFT collections that are more affordable and offer more room to grow in value in the future.
However, it isn’t as easy as it may appear to find cheap NFTs. There is no lack of questions like “What is the cheapest NFT?” “What is the cheapest NFT you can buy?”
It is all but impossible to discuss all cheap NFTs. So, let’s focus on several of them.
Are you familiar with RobotEra?
It is a metaverse gaming ecosystem. What’s interesting is that it integrates NFTs into the gameplay to bring a great blockchain-building experience to its players.
The game includes Robot Companions digital assets (ERC-1155) and lands (ERC-721).
In RobotEra, each player owns a unique digital robot character used in the metaverse. TARO is the in-game currency and an ERC-20 token.
One of the best cheap NFTs
It is really hard to discuss only one cheap NFT as there are many other interesting options. It is quite hard to answer the question, “What is the cheapest NFT you can buy?” To make a long story short, it makes sense to take a look at various NFTs.
Have you heard about Wen Sandwich?
Wen Sandwich is on the list of the best cheap NFTs since it was created by Mingwashere, the established NFT artist best known for Bored Ape Yacht Club.
What’s interesting, Mingwashere sees Wen Sandwich as a pixel art NFT collection which allows its users to create their own custom sandwich NFT. Users have the opportunity to select from more than 150 ingredients, resulting in cultural variations of food.
All-time cheapest NFT collections
Source: art.hause
Let’s take a look at the cheapest NFT collections in history.
CryptoKitties is a blockchain game. The history of CryptoKitties dates back to 2017. It provides a collectible aspect where players can collect virtual NFT cats and breed them in order to create new CryptoKitties.
There are four main types of CryptoKitties. What’s important, each CryptoKitty has 48 different genes, which determine its appearance and influence the result of breeding.
CryptoKitties is a legendary NFT collection. Do you know why?
It was the first NFT collection to impact the blockchain noticeably and make it known to users. As a reminder, NFT Kitties are traded widely in the NFT market.
We also need to mention that CryptoKitties allow players to buy NFT Kitties and breed them to have more valuable CryptoKitties.
Are you familiar with the Axie Infinity?
It is a play-to-earn game that is powered by the Ethereum blockchain. Axie Infinity is different in that it not only focuses on collectability but also expands the gameplay elements.
The above-mentioned game allows players to collect and breed virtual creatures called Axies. Players have the opportunity to collect various Axies and create their team to battle other Axie groups in the exciting game.
The game became popular in 2021. Nonetheless, the ecosystem suffered from serious flaws and lost its popularity a year later.
Today, it is again getting popular as a play-to-earn game that focuses on its gameplay rather than its earn rewards. Axie Infinity provides some free Axies to new players to get started, buy Axies, and breed more.
Popular NFT collections
Source cointelegraph.com
There are several notable and widely recognized NFT collections that have gained significant popularity in recent years. Some of the most famous NFT collections include:
CryptoPunks: CryptoPunks are among the earliest and most iconic NFT collections. They consist of 10,000 unique 24×24 pixel art characters and are highly sought after by collectors.
Art Blocks: Art Blocks is a curated platform that offers generative and algorithmic art NFTs. It features a wide range of unique and visually stunning artworks created by various artists.
Bored Ape Yacht Club: Bored Ape Yacht Club (BAYC) is a collection of 10,000 unique Bored Ape NFTs, each with different traits and accessories. BAYC has gained significant attention for its active community and the social utility of owning a Bored Ape.
NBA Top Shot: NBA Top Shot is an officially licensed NFT platform that offers basketball-themed digital collectibles. It allows users to own and trade NFTs representing memorable moments from NBA games.
Pudgy Penguins: Pudgy Penguins is a collection of 8,888 unique penguin-themed NFTs. It gained popularity for its cute and playful artwork, as well as its active community and community-driven events.
The Sandbox: The Sandbox is a virtual world where users can create, own, and monetize their gaming experiences and assets as NFTs. It offers a platform for creators to build and share their virtual creations.
These are just a few examples of famous NFT collections, but there are many more emerging collections and platforms in the ever-evolving NFT space.
Is it hard to find cheap NFTs?
The NFT world is continuously evolving, so the list of cheapest NFTs could change several times in a short period of time. So, there is no right and wrong answer when it comes to the question “What is the cheapest NFT you can buy?”
To find cheap and promising NFTs, you can follow these steps:
Research NFT Marketplaces: Explore popular NFT marketplaces such as OpenSea, Rarible, or SuperRare. These platforms host a wide range of NFTs and allow you to filter and search for affordable options.
Set a Budget: Determine your budget for purchasing NFTs. This will help you focus on affordable options within your price range.
Filter by Price: Use the filtering options on NFT marketplaces to sort and display NFTs based on their price range. This will allow you to find cheaper options that match your budget.
Part two
Explore Emerging Artists: Look for NFTs created by emerging artists. They often offer their works at more affordable prices compared to established artists. Keep an eye out for new and talented creators who show promise.
Join NFT Communities: Engage with online communities dedicated to NFTs. Participate in forums, Discord servers, or social media groups focused on NFT discussions. These communities often share insights and recommendations on affordable and promising NFTs.
Research the Artwork and Artist: Before making a purchase, research the artwork and the artist behind it. Look for information about their background, previous works, and any notable achievements. This will help you gauge the potential value and growth of the NFT.
Consider Rarity and Utility: Assess the rarity and utility of the NFT. Unique or limited edition NFTs tend to have higher potential for value appreciation. Additionally, NFTs that come with additional benefits or utility, such as access to exclusive events or digital goods, may offer greater potential.
Evaluate the Market: Monitor the market trends and sentiments regarding specific NFT projects or artists. Look for positive feedback, increasing demand, and potential upcoming developments. This information can give you insights into which NFTs have the potential to appreciate in value.
Remember, investing in NFTs carries risks, so it’s important to do thorough research and make informed decisions based on your own analysis and risk tolerance.
The post What Is the Cheapest NFT You Can Buy? appeared first on FinanceBrokerage.
