Cheapest NFT – Best Cheap NFT projects to buy with potential
NFTs are an exciting new market, but you’ve probably noticed that many of the most popular NFT collections are very expensive to get into. For example, the cheapest NFT from the Bored Ape Yacht Club project sells for over $100,000. Fortunately, there are many ways to get involved in NFTs even if you only want to spend smaller amounts.
In this article, we will present the cheapest NFTs that can get you started on your journey of collecting or trading NFTs. The NFTs we are going to show off can all be bought for under 1 ETHwith most priced well below that.
To be clear, you should not expect to get rich by buying these NFTs, as there is usually a good reason why the NFTs discussed in this article are priced so low. For example, many NFTs we have highlighted are from collections that have a very large amount of NFTs. In such scenarios, significant value is usually only captured by a small number of NFTs with rare attributes, while NFTs with common attributes command a low price.
The cheapest NFT projects worth buying
If you are not sure how to start investing in NFTs, we provide a complete guide on the subject. If you already know the basics, let’s get started with our list of the best cheap NFTs you can buy today:
- CryptoKitties – A hugely influential NFT collection
- Axie Infinity – One of the most popular blockchain powered games
- Gods Unchained – A high quality trading card game using NFTs
- Generative Art at fxhash – Explore a diverse selection of generative art
- NBA Top Shot – Collect officially licensed NBA highlights
- The Sandbox – Buy a plot of land in the metaverse
1. CryptoKitties – A hugely influential NFT collection
If you’ve been around the cryptocurrency space for a while, the name CryptoKitties probably rings a bell. CryptoKitties is a blockchain-powered game where users can collect virtual cats and breed them to create new CryptoKitties.
The game has a collectible feature, as there are four main types of CryptoKitties: Normal, Fancy, Special Edition and Exclusive. Each CryptoKitty has 48 different genes that determine the appearance and influence the result of breeding.
Launched in November 2017, CryptoKitties was the first ever NFT collection to go viral. In fact, CryptoKitties became so popular that they had a noticeable impact on the Ethereum network, which struggled to process all the CryptoKitties-related transactions users tried to submit.
After this initial surge in popularity, the enthusiasm surrounding CryptoKitties cooled considerably. However, the project still exists and still has a legendary status in the NFT community.
CryptoKitties are very easy to get started with as they can be purchased for a very low price. At the time of writing, regular CryptoKitties have a base price of 0.0028 ETH on OpenSea, and fancy CryptoKitties start from 0.01 ETH. So if you’re just looking to collect some NFTs without breaking the bank, CryptoKitties is definitely worth a look.
2. Axies from Axie Infinity – One of the most popular blockchain powered games
Axie Infinity is a blockchain-powered game that is definitely inspired by CryptoKitties, but takes the concept a bit further by expanding the game elements instead of just focusing on collectability.
In Axie Infinity, players collect and breed virtual creatures called Axies. Axes can be teamed up to battle other players in a strategy game that can be described as Pokémon meets Hearthstone.
Axie Infinity saw a huge surge in popularity in 2021, and its management token AXS hit an all-time high of $163. During this period, Axie Infinity was often promoted as a “play to earn” game, as players can earn tokens by winning matches and completing missions. However, the economical design turned out to have serious flaws, and the price of the AXS is now down by approx. 95% from all-time high.
Today, the Axie Infinity project seems to be more focused on attracting players through gameplay rather than the potential to earn rewards. New players can receive some free Axies to get started, and there are also plenty of cheap Axies that can be bought on marketplaces. For example, you can buy an Axie on the Axie Infinity marketplace for as little as 0.00082 ETH at the time of writing.
3. Gods Unchained cards – A high quality trading card game using NFTs
Gods Unchained is a trading card game (TCG) that uses the Ethereum blockchain to represent cards with NFTs. In addition, Gods Unchained uses the GODS token as an in-game currency and a way to represent governance rights in the project. While most other digital TCGs have a closed economy, Gods Unchained players are free to buy and sell their cards as they wish.
Cards from Gods Unchained can be purchased in the Gods Unchained marketplace. Card prices vary depending on playability and scarcity. However, many cards can be had for only around $0.01 each.
If you’re into NFTs and are also a fan of games like Hearthstone and Magic: The Gathering, Gods Unchained is definitely worth checking out. The game has been well received in terms of the quality of gameplay, an aspect that is unfortunately often neglected by developers of other blockchain-powered games.
4. Generative Art NFTs on fxhash – Explore a diverse selection of generative art
So far we have shown 3 types of NFTs that are related to blockchain powered games. Let’s introduce some variety by highlighting fxhash, which is a platform for generative art NFTs on the Tezos blockchain.
When it comes to the intersection of generative art and NFTs, most people think of Art Blocks. However, collections published on Art Blocks are often quite expensive to get into, especially those of the curated variety.
On fxhash you can find a combination of generative art projects from a wide range of artists, ranging from well-established to completely unknown. Typically, an artist will create a generative art algorithm and set a limit on how many NFTs it can be used to imprint.
Users can preview the types of artwork the algorithm generates – if they like the output, they can pay the price determined by the artist and create an NFT. Users don’t know exactly what they’re going to get, as the algorithms produce a different image each time.
If you are willing to browse around a bit, you can find some very interesting generative art projects on fxhash that can be minted for a very low price, in some cases as little as 0.5 XTZ. So, fxhash is worth exploring if you want to collect some NFTs and support artists along the way.
5. NBA Top Shot – NBA Top Shot – Collect officially licensed NBA highlights
NBA Top Shot is a platform where users can collect video highlights from the NBA and trade them with others. The highlights, called “moments”, are represented by NFTs on the Flow blockchain. NBA Top Shot was developed by Dapper Labs (which by the way also made CryptoKitties) and is officially licensed by the NBA.
While some NBA Top Shot NFTs can get very expensive, many of them can be collected on the cheap. Some moments can be purchased for as little as $1, but of course you shouldn’t expect to get any rare moments for that price. Still, you can definitely find some thunderous dunks and dazzling displays of dribbling for just a few bucks apiece. This includes highlights from top players like Steph Curry, Anthony Davis and Trae Young.
If you love basketball and want to bring your fandom to the blockchain, NBA Top Shot highlights may be worth considering as cheap NFTs to invest in.
6. Sandboxland – Buy a plot of land in the metaverse
Sandbox is a 3D virtual world where ownership of land and other assets is represented by NFTs. Sandbox is one of the most notable metaverse projects that uses crypto and blockchain technology to give digital ownership a new dimension. If you are looking for metaverse real estate, The Sandbox could be one of the best NFT projects to invest in.
The Sandbox has collaborated with several celebrities and brands such as Snoop Dogg and Adidas to create experiences in their virtual world. Players who own land in The Sandbox can create their own custom experiences, such as mini-games for other players to enjoy. In addition, landowners can participate in governance and gain access to exclusive SAND betting and monetization options not available to other players.
In terms of floor price, the Sandbox Land NFTs are definitely the most expensive NFTs featured in this article. At the time of writing, the floor price for a Sandbox land NFT is approximately 0.63 ETH. The value of land in the sandbox depends on a few things, especially the location.
The bottom line
So, what is the best NFT to buy if you only want to spend smaller amounts? The answer will depend on what you are trying to achieve. For example, we have seen that there are many NFTs related to blockchain-powered games that you can get for cheap. However, there are also ways to collect some art from less established artists who sell their creations on NFT platforms.
If you are wondering about NFTs as an investment, you may want to find a cheap NFT to buy rather than diving right into the deep end by spending large amounts. Collecting cheap NFTs will introduce you to how NFT marketplaces work, how to store NFTs safely, and other key concepts that will level up your NFT investment journey.
While this article focused on the cheapest NFTs, there are of course also many NFTs that have sold for huge amounts. The most expensive NFT of all time was sold for just under 70 million dollars.
