Best Cheap NFT Collections for August 2024

As someone who has dabbled in the digital art world for quite some time now, I must say that the ever-evolving landscape of NFTs is nothing short of fascinating. The recent merger between Apes Together Strong and ROTA has certainly stirred up a storm, with collectors scrambling to get their hands on these unique pieces.

Currently, we find ourselves immersed in an era where the realm of cryptocurrencies presents captivating initiatives designed to fundamentally transform our understanding and interaction with the internet, digital assets, investment opportunities, and online activities as a whole.

In the vast world of cryptocurrency innovations, it’s the concept of affordable Non-Fungible Tokens (NFTs) that seems to capture the greatest attention currently.

In Q1 of 2024, as Bitcoin and Solana showed increased interest in NFTs, the NFT market started to rebound. This growth led to a significant increase of 51.5% in trading volume, which suggests that both the NFT market and its community gained renewed confidence in the promising NFT initiatives.

As a crypto enthusiast on a budget, I’m always on the lookout for affordable opportunities to expand my NFT collection. In this article, I’ll be sharing some of the most promising low-cost NFT art projects that are worth exploring this August. These projects offer an excellent chance to diversify your portfolio without breaking the bank.

So, let’s get started and discover our selected NFTs!

How Did We Choose the Best & Cheap NFT Projects?

To ensure we’re providing you with the best options, let’s first clarify the factors influencing our selections as we explore some affordable NFTs currently on the market.

As a diligent researcher, I’ve carefully adhered to these guidelines to curate an enticing selection of digital collectibles for your portfolio, requiring minimal initial investment.

Affordable Price Range

The cheap NFTs on our list are priced at a maximum of $125 sale price, so you have a variety to choose from.

Reasonable Collection Volume

We’ve focused on cheap price NFTs with a sensible volume, balancing scarcity and availability in the NFT marketplace.

Positive Price Evolution

Since their launch, the selected cheap NFT projects have shown favorable price trends, indicating potential for future value appreciation.

Trusted & New NFT Creators

We’ve handpicked NFT projects from trusted or new NFT artists.

NFT Community Approval

The cheap 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 points at the forefront, let’s delve into some affordable NFTs that could turn out to be prized additions to your collection.

The 12 Best Cheap NFTs Worth Buying in August

1. The Beacon NFT Collection

Best Cheap NFT Collections for August 2024

ETH

As a researcher immersed in the digital realm, I’ve found myself captivated by an engaging NFT project built around “The Beacon,” a pulse-pounding game nestled within the dynamic Treasure ecosystem on Arbitrum. This rapid-fire, no-cost fantasy RPG propels me on a heart-stopping adventure, where I delve into a fresh, hazardous dungeon teeming with ferocious beasts.

Hone your battle techniques, enhance your equipment, and use cunning strategies to overcome your adversaries in thrilling, live-action conflicts!

2. Common Ground World NFT Collection

Ethereum

ETH

Originating from the minds behind FarmVille, we have Common Ground World – a delightful casual GALA game that blends farming entertainment with global significance. With its far-reaching impact, this project has surpassed numerous other games, fostering a lively community that not only enhances the games but also promotes sustainability.

Additionally, holders of the Common Ground NFT collection are able to establish their own guilds, extending invitations to friends and relatives to participate together in the struggle for prized guild assets.

3. MyCryptoHeroes NFT Collection

MATIC

ETH

Back in 2018, the online game called MyCryptoHeros, which is based on blockchain technology from Japan, made its debut. Since then, it has been consistently expanding its user base and providing unending enjoyment for players.

In this blockchain-based game, players can engage in dungeon adventures to gather resources that boost the strength of their characters by contributing to their related Non-Fungible Tokens (NFTs).

The goal is simple: win the battles, defeat enemies, and strengthen your team! Thus, top players will get NFTs and MCHC, the governance token.

4. Parallel Alpha

ETH

In simpler terms, “Parallel” is a free online card game set in sci-fi settings where players determine humanity’s destiny through clever card selection during each turn. Energy earned empowers players to deploy units, relics, abilities, and enhancements.

A wide variety of card combinations can lead to a potent winning approach. This game features five distinct factions, each boasting 15 influential leaders who possess both active and passive skills. These abilities enable players to devise their own exclusive strategies.

In simpler terms, the Parallel Alpha is a set of digital trading cards, known as NFTs (Non-Fungible Tokens), which fuel the Parallel universe. This NFT collection, totaling 5.9 million individual items and 1,276 unique ones, serves as playable cards within the Parallel game.

5. Parallel Planetfall

ETH

If you’re searching for high-quality yet affordable NFT projects, you might want to check out Parallel Planetfall. This NFT collection is rooted in Sci-Fi themes and is backed by a card game where players engage in competition to shape the destiny of humanity. It serves as an extension for the Parallel TCG.

Furthermore, players can enjoy this game without cost, and they receive different digital art cards and banking cards for energy as rewards. These items enable them to engage in Ranked Matches and Tournaments.

This unique concept delivers a different game mode for all players, regardless of their experience.

6. Gemesis

ETH

OpenSea Pro, previously known as Gem, stands out as the premier destination for enthusiastic Non-Fungible Token (NFT) collectors. It provides an exceptional range of options, control, and prospects that are difficult to match elsewhere. Following extensive development efforts, they are now prepared to reveal the most potent NFT marketplace aggregator on the scene.

In essence, Gemesis invites its community members to seize a unique chance to purchase NFTs as a way to commemorate their common past and catch a sneak peek at the thrilling developments in the realm of NFTs.

7. Notable Pepes

ETH

Familiar with the acclaimed Pepes NFT venture, renowned for its meme-themed cryptocurrency and eye-catching imagery? Inspired by the well-known Pepe meme, this collection features approximately 238.4K affordable NFTs available to all meme enthusiasts.

8. Playboy Rabbitars Official

ETH

The Playboy Rabbitars are a set of 11,953 distinct non-fungible tokens (NFTs), each representing a unique digital collectible that draws inspiration from the iconic history of Playboy. Each Rabbitar is a specialized character with over 175 traits derived from Playboy’s celebrated digital art, photography, and pop culture associated with celebrities.

9. The Memes by 6529

ETH

Exploring the vast array of factors shaping memes might leave one baffled at times, but The Memes platform aims to curate and share some of the most captivating memes with fellow NFT enthusiasts.

As a researcher immersed in the realm of digital assets, my primary objectives revolve around championing an open, decentralized Metaverse. This involves fostering a sense of community, ensuring self-sovereignty, and empowering users. My mission is to disseminate this vision as far and wide as possible, aiming to inspire and educate others about the transformative potential of these technologies.

6529, a talented digital artist, has created The Memes – an NFT collection. This artist is demonstrating yet again that any subject can spark a meme, and these memes have the power to alter people’s perspectives globally, emphasizing the impact needed to bring about change.

10. Nakamigos-CLOAKs

ETH

This affordable set of NFTs features 20,000 distinct pixelated digital art figures. By owning one of these tokens, you will be granted global gaming and commercial rights via a Cloaks agreement.

As a character analyst, I find that the characters within Nakamigos-CLOAKS are diverse and versatile, providing an array of possibilities for customization through their varying forms, attributes, and additional features.

11. Isekai Meta

ETH

As a longtime enthusiast of digital art, anime, and virtual worlds, I find myself particularly drawn to this NFT project that seamlessly blends storytelling, community engagement, and hand-drawn digital art within the Metaverse. Having grown up immersed in various pop culture influences, I appreciate the diverse aesthetics found in the 7,776 pieces of art created by the Isekai Meta team. Their unique blend of multiple styles, including lo-fi and Japanese anime, offers an intriguing fusion that resonates with me on a personal level. The opportunity to be part of a community-driven project while exploring the ever-evolving digital frontier is truly exciting!

12. Great Apes (Grapes)

ETH

Instead of having the least expensive Bored Ape NFT, you’re dealing with the Great Apes NFT collection. Great Apes (often abbreviated as Grapes) are art NFTs based on Ethereum that offer captivating visuals along with unique experiences and an access-controlled membership, thanks to their token-gated system. This collection was born from a significant union between two well-known collections, Apes Together Strong and ROTA.

FAQ

What are the cheapest NFTs?

The NFT’s price strongly depends on 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.

Important to remember that NFTs with surprisingly low costs typically maintain their value steadily, though this isn’t always the case. Exceptions do happen, but they’re quite rare.

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.

In “lazy minting,” you can generate a Non-Fungible Token (NFT) and list it for sale, but the actual transaction of writing it onto the blockchain occurs later, not instantly.

When a buyer expresses enthusiasm and makes a purchase, both the costs associated with creating and storing the NFT on the blockchain, as well as the expenses for transferring it to the buyer, are bundled together.

As a researcher, I’d like to highlight an essential aspect to consider when using either platform: they levy a commission on every sale you process. Over the long run, this could have a noticeable impact on your earnings.

To maximize your profits when creating NFTs, it’s advisable to avoid the careless minting approach.

How Much Does 1 NFT Cost?

As a crypto investor, I’ve come to realize that the value of Non-Fungible Tokens (NFTs) can span quite a broad spectrum, from mere pennies to astronomical millions. The price tag of an NFT can fluctuate dramatically due to various influencing 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?

As a financial analyst, I’ve found that venturing into affordable NFT projects could carry a higher degree of risk compared to investing in pricier ones. Although there’s the possibility that some low-cost NFTs might appreciate in value down the line, they are often perceived as more speculative and may not consistently yield substantial returns.

Before deciding to purchase Non-Fungible Tokens (NFTs), it’s crucial to delve deeply into the choices at hand, evaluate their quality and popularity, and brace yourself for possible changes in market conditions. Additionally, you might want to explore the popular secondary marketplace called OpenSea for more options.

What are the cheapest NFT collections?

Given the many existing projects, knowing which are the cheapest NFTs on the market is impossible.

Still, you may find the cheapest NFT collections at newly launched crypto projects and new NFT creators who are still struggling to become popular and holding various events where users can purchase NFTs for low prices.

What are blue-chip NFTs?

Just as high-value stocks known as blue-chip cryptocurrencies tend to be costly and not recommended for investment without careful consideration, the same applies to valuable Non-Fungible Tokens (NFTs), which can also be rather pricey and may not be suitable without a thorough evaluation.

If you can afford it, then you indeed have the choice to purchase them. Notable examples of high-value NFTs come from collections such as CryptoPunks and the Bored Ape Yacht Club.

Best Cheap NFTs Final Thoughts

To put it simply, there are so many Non-Fungible Tokens (NFTs) in circulation that nobody bothers to count them all; instead, they opt to purchase a few of them directly.

Given the abundance of platforms showcasing NFT collections, it’s simple to discover digital collectibles that appeal to you and could be a great addition to your personal collection.

We hope our list of the top cheap NFTs for August 2024 helped you buy cheap NFTs.

2024-08-20 17:32