Top 10 Cheap NFTs for August 2024

As someone who’s been navigating the vast and ever-evolving digital art landscape for quite some time now, I must say that the world of NFTs has certainly piqued my curiosity. From the moment I first laid eyes on an NFT, it was like gazing into the soul of a new era – filled with color, brightness, and a will to defy conventional norms.

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.

If you’re excited about NFTs and looking to expand your digital collection on a budget, here’s a curated selection of affordable NFTs worth exploring this month.

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.

With these crucial aspects taken into account, let’s delve into some affordable NFTs that might turn out to be valuable additions to your treasure trove.

10 Cheap NFTs to Buy in August

1. POW NFT

ETH

POW Non-Fungible Tokens (NFTs) represent the first mineable digital assets, where they are mined using Proof of Work (PoW), a method that becomes progressively harder. Mining a POW NFT generates a one-of-a-kind ERC-721 token. This mining process helps to prevent manipulation and network overload while ensuring security and openness.

In simpler terms, each Non-Fungible Token (NFT) called “POW NFT atoms” is produced according to a scarcity system that mirrors the occurrence of natural elements. Every element in this digital world carries an electrical charge and influences the way it appears in the artwork, which is decided by the unique code or hash associated with each token.

ENS: Ethereum Name Service

ETH

The Ethereum Name Service (ENS) is a set of more than 3.4 million distinct, non-fungible tokens (NFTs). These tokens function as secure, unique addresses in the decentralized universe, representing digital domains.

Using Ethereum Name Service (ENS), it’s possible for users to link easy-to-remember, human-readable names to various resources, both on and off the blockchain. For instance, an ENS domain could point to an Ethereum address, a website URL, or an IPFS hash.

One advantage of owning digital collectibles from the ENS: Ethereum Name Service NFT collection is the convenience of buying, selling, or swapping them on various marketplaces.

Base, Introduced

ETH

As a keen analyst, I’d like to draw your attention to an exciting Ethereum L2 collection I recently came across: “Base, Introduced.” This collection embodies some of the most desirable characteristics in the blockchain space, such as robust security, affordability, and developer-friendly attributes. By choosing to mint this collection, you’re not only expressing your eagerness for the upcoming testnet launch but also becoming an integral part of the dynamic Base community.

Be sure to grab a digital collectible from this NFT collection while it’s hot and cheap!

Parallel Alpha

ETH

In simpler terms, “Parallel” is a no-cost, science fiction-themed multiplayer card game where you shape human destiny by selecting appropriate cards for each round. You accumulate energy which enables you to deploy characters, artifacts, abilities, and enhancements.

As a long-time card game enthusiast with decades of experience under my belt, I can confidently say that having multiple combinations of cards to create a winning strategy is crucial for any successful gameplay. The game you mention, with its five unique factions and 15 transformative leaders, each boasting active and passive abilities, offers a level of customization that truly sets it apart. This allows players like myself to craft our own unique strategies, making the gaming experience more engaging and rewarding.

As a passionate crypto investor, I’ve recently come across an exciting discovery – Parallel Alpha, a card-based NFT collection that fuels the Parallel universe. This unique collection comprises 1,276 distinct items, with a grand total of 5.9 million cards in the deck. Each card within this collection is not just a digital asset but serves as a valuable tool for engaging in the captivating world of Parallel gameplay.

SuperRare

ETH

SuperRare stands as one of the leading platforms for buying and selling Non-Fungible Tokens (NFTs), hosting many popular art collections that use it for self-promotion. With SuperRare, users can effortlessly create, purchase, and collect digital artwork utilizing blockchain technology and smart contracts.

SuperRare’s Non-Fungible Token (NFT) assortment can be found on OpenSea, gathering an array of captivating digital treasures under the reputable and recognized brand. The collection encompasses approximately 43,300 NFTs, with a unique trait being that the creators receive no earnings from their work, which is quite intriguing.

Traitz

ETH

As a crypto investor, I’ve come across Traitz – one of the pioneering trait collections globally. What sets it apart is its compatibility with multiple collections, built upon the ERC-6551 standard. Each Non-Fungible Token (NFT) in this collection boasts unique traits, such as DNA, earrings, eyes, hats, mouths, various outfits, weapons, and distinct rarities.

WVRPS by WrapSound (Official)

ETH

Wrapped by WrapSound (Authentic) introduces the first-ever blend of generative PFP music NFTs, half-crafted by artists Nayomi and Gnar Heart, along with DJ Dragoon, on the Ethereum blockchain. This unique collection encompasses 9,999 distinct digital assets.

Wrapped in Sound’s WVRPS, an official product from WrapSound, was ingeniously crafted by Emmy-winning artist Andy Poon. This innovative creation features original music that was meticulously composed with artificial intelligence assistance. The unique characteristics embedded within each PFP are beautifully showcased using virtual attributes.

The Memes by 6529

ETH

As a seasoned digital art collector and longtime observer of internet culture, I am thrilled about The Memes NFT collection. With my extensive background in both the digital art world and online communities, I can confidently say that this project is poised to make a significant impact. The focus on decentralization, community, and self-sovereignty resonates deeply with me, as these principles have always been central to my own approach to engaging with and supporting digital art initiatives. Furthermore, the aim to bring engaging memes closer to NFT enthusiasts is an exciting prospect, as I believe that humor and creativity are essential elements in fostering a vibrant and inclusive online community. I eagerly await the launch of The Memes collection and look forward to being part of its journey towards the open metaverse.

6529, a talented digital artist, has created The Meme NFT collection, which demonstrates yet again that any concept can spark a meme and influence global perceptions, thereby illustrating the power necessary to initiate change.

Nakamigos-CLOAKS

ETH

Owners of this distinct, 20K-pixel character set gain global gaming and commercial privileges through a Cloaks contract, allowing them to use these assets universally.

Discussing the characters from Nakamigos-CLOAKS, they’re shown in various shapes and with distinct characteristics and optional accessories, giving you a wide range of choices to pick from.

PXN: Ghost Division

ETH

The Ghost Division highlights the less-explored aspects of Web3, a realm that seamlessly merges fantasy with awe, peril, and just a hint of fury. These Web3 specters may be dark, but they are undaunted, often appearing in the more obscure recesses.

Instead, it’s their eyes – vibrant, radiant, and brimming with determination – that stand out most. This determination, evident in every task they undertake, is a beacon of sorts, finding a way to shine even in the most challenging circumstances.

FAQ

What is the Lowest Price of an NFT?

The value of an NFT is significantly influenced by market trends and specific aspects concerning digital collectibles. Some NFTs are obtainable at no cost via airdrops and giveaways, while others may carry substantial prices.

It’s important to point out that some NFTs priced surprisingly low often maintain their value. Exceptions do exist, but they’re quite rare.

Can NFTs Be Created for Free?

Yes, NFTs can be developed for free on specific platforms.

On platforms such as OpenSea and Rarible, it’s possible for users to create Non-Fungible Tokens (NFTs) on the Ethereum blockchain with no upfront costs involved.

In “lazy minting,” you can list an NFT for sale without it being immediately recorded on the blockchain. When a potential buyer expresses interest and makes a purchase, all the costs associated with writing, storing the NFT on the blockchain, and transferring it to the buyer are bundled together.

As a crypto investor, I’d like to highlight the fact that both NFT platforms charge a percentage fee on any sales you make. Over the long run, these fees can add up. Therefore, if your goal is to make substantial profits from minting NFTs, I would advise against using lazy minting due to its associated fees.

How Much Does 1 NFT Cost?

Non-Fungible Tokens (NFTs) can span from a few pennies to astronomical sums in the millions. The value of an individual NFT can fluctuate greatly due to various influencing factors. Factors such as the digital item being traded, the marketplace it’s listed on, the artist or creator’s standing, scarcity, interest from buyers, and current economic trends all play a role in determining an NFT’s worth.

Are Cheap NFTs a Good Investment?

opting for less expensive NFTs might carry a higher level of risk than their pricier counterparts. Although there’s the possibility that some low-cost NFTs could increase in worth down the line, they are typically seen as more speculative and may not consistently lead to substantial earnings.

As an analyst, I’d advise that when contemplating investment in Non-Fungible Tokens (NFTs), it’s crucial to delve deeply into the array of choices at hand. This exploration should encompass evaluating the quality and market demand for each NFT, and be mindful that the market may experience fluctuations. In other words, do your due diligence, understand the market trends, and be ready to navigate potential market swings.

What are the Cheapest NFT Collections?

As an analyst, I’ve noticed that with numerous NFT projects available, it can be challenging to determine which ones offer the lowest prices. However, a strategic approach could lead you to discover the most affordable NFT collections. These tend to be found within newly minted crypto projects and emerging NFT creators who are yet to gain widespread popularity. They often host events where users can acquire NFTs at relatively low costs as part of their efforts to increase visibility and user base.

What are Blue-Chip NFTs?

Investing in high-value NFTs, similar to premium cryptocurrencies, tends to be costly, and it’s generally not advisable. But if you have sufficient funds, you do have the opportunity to purchase them. Noteworthy examples of blue-chip NFTs can be found in collections such as CryptoPunks or Bored Ape Yacht Club.

Final Thoughts on the Top Cheap NFTs

It’s worth noting that the vast quantity of NFTs for sale has made it unnecessary for people to count each one. Instead, they opt to purchase some directly.

As a researcher delving into the realm of Non-Fungible Tokens (NFTs), I am constantly exploring various platforms that showcase an array of NFT collections. These platforms serve as treasure troves, enabling me to discover digital collectibles that pique my interest and potentially enrich my portfolio.

We hope our list of the top cheap NFTs for August 2024 helped you find your go-to for this month.

2024-08-02 12:30