In this article, we aim to provide valuable insights into the cheap NFTs to buy, allowing you to explore the creativity, innovation, and potential value they offer.
The post Top 10 Cheap NFTs for August 2024 appeared first on Coindoo.
The cryptocurrency world offers us truly intriguing projects that aim to revolutionize how we perceive and use the internet, assets, and everything happening online. Among many projects being developed and launched, NFTs (Non-Fungible Tokens) may be among the most popular concepts we work with daily.
Suppose you are passionate about NFTs and plan to diversify your digital collectibles portfolio with little investment. In that case, we’ve prepared a list with some of the top cheap NFTs you should look into this month.
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Before we dive into our selection of top cheap NFTs for sale, we must understand the criteria guiding our choices. We’ve meticulously followed these guidelines to ensure a list of promising picks:
- Affordable Price Range – Each NFT in our list is priced at a maximum of $125;
- Reasonable Collection Volume – We’ve focused on NFT collections with a sensible volume, balancing scarcity and availability;
- Positive Price Evolution – The selected NFTs have shown favorable price trends since their launch, indicating potential for future value appreciation;
- Trusted Creators – We’ve handpicked NFTs from known/reputable authors;
- Community Approval – The NFT projects we’ve included have garnered positive feedback from various communities, including platforms like Twitter, attesting to their overall credibility and potential.
Now, with these key elements in mind, let’s explore the top cheap NFTs that have the potential to be gems in your collection.
Table of contents
10 Cheap NFTs to Buy in August
1. POW NFT
- Launched: March 2021;
- Status: Available;
- Chain: Arbitrum;
- Minimum price: 0.0053 ETH (≈$17.59);
- Total volume: 819 ETH.
POW NFTs are the first mineable digital collectibles, being mined with an increasing level of difficulty using PoW (Proof of Work). When a POW NFT is mined, a unique ERC-721 token is created. The mining process prevents front-running and network congestion while maintaining security and transparency.
The POW NFT atoms are generated based on a scarcity model relative to the natural distribution of elements. Each element has ionic charge and generative properties of the render, all these being determined by the token’s hash.
ENS: Ethereum Name Service
- Launched: May 2019;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0005 ETH (≈$1.66);
- Total volume: 96,663 ETH.
ENS: Ethereum Name Service is an NFT collection consisting of over 3.4 million unique digital assets that represent secure domain names for the decentralized world.
Ethereum Name Service domains can provide a way for users to map human readable names to blockchain and non-blockchain resources, such as Ethereum addresses, website URLs, or IPFS hashes.
Another great thing about the digital collectibles from the ENS: Ethereum Name Service NFT collection is the fact that they can be easily purchased, sold, or traded on secondary markets.
Base, Introduced
- Launched: February 2023;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0017 ETH (≈$5,64);
- Total volume: 2,744ETH.
Base, Introduced is an Ethereum L2 collection consisting of the most essential traits, such as being secure, cheap, and developer-friendly. Therefore, by minting it, you can showcase your enthusiasm for the testnet launch and join the broader Base community.
Be sure to grab a digital collectible from this NFT collection while it’s hot and cheap!
Parallel Alpha
- Launched: March 2021;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0912 PRIME (≈$0.786);
- Total volume: 80,317ETH
Parallel is a free-to-play sci-fi-based competitive card game that allows players to decide the fate of humanity by choosing the right cards to bank each turn. Players gain energy that allows them to play units, relics, effects, and upgrades.
There are various combinations of cards that can create a powerful winning strategy. Parallel has 5 unique factions with 15 game changing leaders, each with their own active/passive abilities helping users craft a unique strategy.
Parallel Alpha is the card-based NFT collection empowering the Parallel ecosystem. There are 1,276 unique items, with a total of 5.9 million items in the collection, all representing cards that can be used in the Parallel game.
SuperRare
- Launched: May 2018;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.011 ETH (≈$36.51)
- Total volume: 71,110ETH.
SuperRare is one of the biggest NFT marketplaces, with numerous prominent collections leveraging it to promote themselves. SuperRare allows users to create, sell, and collect digital art with the help of blockchain technology and smart contracts.
SuperRare’s NFT collection is available on OpenSea and reunites plenty of stunning digital collectibles under the umbrella of a trustworthy and well-known name. The collection consists of 43,300 NFTs and one of the most interesting facts is that the creator earnings are 0%.
Traitz
- Launched: July 2023;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.002 ETH (≈$6.64)
- Total volume: 247 ETH.
Traitz is one of world’s first trait collections that supports cross collections and is based on the ERC-6551 standard. Each NFT from the collection has special traits, such as DNA, earrings, eyes, hats, mouths, various outfits, weapons, and certain rarities.
WVRPS by WrapSound (Official)
- Launched: January 2022;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0063 ETH (≈$20.91);
- Total volume: 6,311 ETH.
WVRPS by WrapSound (Official) is the first hybrid generative PFP + AI-composed music NFTs developed on the Ethereum network. The collection consists of 9,999 digital collectibles, all based on the WrapSound virtual artists Nayomi and Gnar Heart + DJ Dragoon.
WVRPS by WrapSound (Official) was created by Emmy-winning illustrator Andy Poon, and the original music entirely composed with the help of AI (Artificial Intelligence) uses the virtual traits of the PFPs.
The Memes by 6529
- Launched: June 2022;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0142 ETH (≈$47.13);
- Total volume: 23,974 ETH.
There are so many things that can influence memes that you can’t even think of all of them, but The Memes is here to bring some of the most engaging memes closer to all NFT enthusiasts. The main goals of the NFT collection are to fight for the open metaverse (decentralization, community, and self-sovereignty) and spread the message to as many users as possible.
The Memes is an NFT collection developed by 6529, a digital artist that aims to prove once more that anything can be the seed of a meme, and memes can change the perception of many worldwide, thus confirming what it takes to make a change.
Nakamigos-CLOAKS
- Launched: August 2023;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0225 ETH (≈$74.68);
- Total volume: 2,551 ETH.
This 20K unique pixelated character collection offers worldwide gaming and commercial rights to all holders through a Cloaks agreement.
When discussing the characters of Nakamigos-CLOAKS, they are presented in multiple forms and with different attributes and add-ons, thus offering you plenty of options.
PXN: Ghost Division
- Launched: May 2022;
- Status: Available;
- Chain: Ethereum;
- Minimum price: 0.0225 ETH (≈$74.68)
- Total volume: 46,748 ETH.
PXN: Ghost Division aims to showcase the hidden part of Web3, where fantasy blends with wonder, danger, and a pinch of rage. The ghosts of Web3 as dark as they are fearless, being presented in rather shadowed corners.
However, the parts that are emphasized the most are their eyes, filled with color and brightness, the will to do the job no matter what or how, and the light that, as much as some might think otherwise, makes itself room almost everywhere.
FAQ
What is the Lowest Price of an NFT?
An NFT’s price strongly depends on the market conditions and many other details about the digital collectibles. While some NFTs can be earned for free through various NFT airdrops and giveaways, others might have high prices.
However, it is essential to note that NFTs with shockingly low prices may keep their value unchanged. Of course, there are some exceptions, but they rarely occur.
Can NFTs Be Created for Free?
Yes, NFTs can be developed for free on specific platforms.
Platforms like OpenSea and Rarible allow users to mint NFTs on the Ethereum blockchain without any initial fees.
This process is called “lazy minting,” where you can create an NFT and put it up for sale without it being immediately written to the blockchain. When a buyer shows interest and purchases, the fees for writing and storing the NFT on the blockchain are combined with the fees for transferring it to the buyer.
However, it’s important to note that both platforms take a percentage fee from any sales you make, which may affect you over time. So, if you want to profit significantly from minting NFTs, we do not recommend using lazy minting.
How Much Does 1 NFT Cost?
NFTs can range from just a few cents to millions of dollars. The cost of one NFT can vary significantly depending on several factors. The price of an NFT is determined by the digital asset being sold, the platform or Marketplace where it is listed, the artist or creator’s reputation, rarity, demand, and current market conditions.
Are Cheap NFTs a Good Investment?
Investing in cheap NFTs can be riskier compared to higher-priced ones. While some cheap NFTs may potentially gain value over time, they are generally considered more speculative and may not always result in significant profits.
If you’re considering investing in NFTs, it’s essential to thoroughly research the options available, assess the quality and demand of the NFTs, and be prepared for potential market fluctuations.
What are the Cheapest NFT Collections?
Given the many existing projects, it is impossible to know which are the cheapest NFTs on the market. Still, you may find the cheapest NFT collections at newly launched crypto projects and new NFT creators that are still hardly working to become popular and holding various events where users can purchase NFTs for low prices.
What are Blue-Chip NFTs?
Like blue-chip cryptocurrencies, blue-chip NFTs are also quite expensive, and we do not recommend getting into them. However, if you have the financial means, you do have the option to buy them. Some examples of blue-chip NFTs are those in the CryptoPunks or Bored Ape Yacht Club collections.
Final Thoughts on the Top Cheap NFTs
As we mentioned, the number of NFTs available on the market is so significant that no one wastes their time counting them; instead, they choose to buy some.
Considering that there are plenty of platforms listing NFT collections, you can easily find some digital collectibles that you like and would want to become part of your portfolio.
We hope our list of the top cheap NFTs for August 2024 helped you find your go-to for this month.
The post Top 10 Cheap NFTs for August 2024 appeared first on Coindoo.
