Best Cheap NFT Collections for October 2024

As someone who has been dabbling in the world of NFTs for quite some time now, I can confidently say that the landscape of digital collectibles is as dynamic and unpredictable as the stock market during a particularly wild session. With countless options to choose from, it’s essential to navigate this realm with caution and a discerning eye.

In our current era, the digital currency landscape presents us with fascinating initiatives that strive to redefine our understanding and interaction with the internet, assets, financial ventures, and online activities as a whole.

In the ever-evolving world of cryptocurrency, non-fungible tokens (NFTs), particularly those that are affordable, are currently some of the most widely appreciated ideas.

Indeed, considering that the NFT market experienced a significant decline at the end of Q3, with sales plummeting by 50% and ending with a total volume of $1.12B, it’s not surprising that you’re seeking high-quality yet affordable NFT collections offering substantial utility. You’ve certainly found the right place!

revealing affordable NFT projects to help expand your collection at minimal cost. Thus, we’ve compiled a list of some top-tier low-cost NFT art initiatives worth exploring this October.

So, let’s get started and discover the cheapest NFT projects!

How Did We Choose the Best & Cheap NFT Projects?

To fully appreciate our curated list of affordable NFTs up for grabs, let’s first clarify the principles that shape our selections.

We’ve carefully adhered to these rules to provide you with an intriguing selection of digital collectibles to invest in at minimal cost:

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 vital points under our belt, let’s delve into some affordable NFTs that could turn out to be prized possessions for your collection.

The 10 Best Cheap NFTs Worth Buying in October

1. Notable Pepes

Best Cheap NFT Collections for October 2024

Ethereum

ETH

PEPE stands out as one of the most exceptional memes in history, gaining significant popularity. It’s also a notable project within the meme coin sphere that has caught the attention of numerous Non-Fungible Token (NFT) aficionados. Remarkably, it continues to top the list of gainers in this specific category.

The Notable Pepes NFT series encompasses approximately 240,000 unique pieces, dreamt up by the creative mind of Vincent van Dough. This collection includes Pepe characters that might or might not carry significant importance, adding a touch of intrigue to each piece.

Without a doubt, these NFTs from the project I’m analyzing showcase some breathtaking digital art. They certainly manage to place Pepe in an array of captivating scenarios that I find intriguing.

2. ENS: Ethereum Name Service

ETH

The Ethereum Name Service (ENS) is a set of more than 3.5 million distinct, digital possessions functioning as secure, unique domain names within the decentralized universe.

As a data analyst, I can express that using Ethereum Name Service (ENS) domains enables me to assign easily recognizable, human-friendly names to both blockchain and off-chain resources. These resources could be Ethereum wallet addresses, web page URLs, or even IPFS hashes, thereby making them more accessible and user-friendly.

One notable advantage of the ENS: Ethereum Name Service NFT collection lies in its accessibility for transactions; these digital collectibles can effortlessly be bought, resold, or exchanged on various secondary marketplaces.

In addition, for us, this NFT series centers around a captivating theme linked to the widely watched political incident during the past few months.

3. The Wanderers

ETH

You’re cordially invited on an extraordinary space voyage, exploring an interactive universe teeming with 8,888 cosmic explorers joined together to unveil mysteries hidden in the cosmos. The characters form partnerships as they navigate through a dynamic, continually evolving battlefield that demands survival, friendship, and shared purpose.

4. Rug Radio Faces of Web3 by Cory Van Lew

ETH

In our list of affordable NFTs for purchase, Radio Rug is another notable artist, offering the Faces NFT collection by Cory Van Lew. This vibrant NFT series includes more than 20,000 digital collectibles. By acquiring one, you’ll gain entry to the Rug Radio ecosystem, Membership Passes, and their Genesis NFTs.

5. Creature World

ETH

Danny Cole’s NFT series, named “Creature World,” comprises 10,000 exclusive digital pieces that portray a fantastical realm. The central figure in these works is The Creature, whose story and dreams are the foundation of this artistic concept.

Beyond this assemblage, it encapsulates the essence of the Creature and transcends all conventions concerning age, gender, or origin. If you find this idea appealing, this affordable digital artwork token, alongside renowned artworks, exhibitions, apparel, and other tangible items, could be within your grasp.

6. EmBells #5689

ETH

The EmBells NFT initiative offers 10,000 unique digital artwork pieces issued on the Bellscoin blockchain. However, it’s not just an individual endeavor; the designs were conceptualized by Viva La Vandal, while Emblem Vault took on the role of curator.

The unique feature of this NFT collection is that it represented the initial cross-chain NFT venture, developed by Emblem Vault. In simpler terms, it enables users to mint NFTs across various blockchains.

7. Ghost Lab Collection | Ghost Lab #1803

ETH

The collection at Ghosts Lab showcases charming NFT figures that are beautifully crafted with vivid, lively, and intriguing designs. However, it’s not just about aesthetics; there’s an engaging narrative woven into this project as well.

The collection centers around a mysterious LAB explosion – was it an accident, or was something more sinister at play? The fate of the scientists remains unknown, leaving many questions unanswered.

If you find the NFT project intriguing, feel free to explore it further and select your preferred Pixel Ghost from the friendly collection of 10,000 unique options!

8. V1 Phunks #6714

ETH

The CryptoPunks initiative presents a series of digital artworks, each uniquely created through an automated process. Many of these pieces show characters resembling punks, though you’ll also find less common types such as Apes, Zombies, or even Aliens in the collection.

Each punk has its own profile page displaying its unique attributes and ownership status.

Moreover, CryptoPunks were trailblazers in creating digital collectible profile pictures on the Ethereum platform, establishing a fresh benchmark in the realm of cryptocurrencies. Numerous subsequent series, featuring 10,000 pieces each, drew significant inspiration from their design and visual style.

9. Kitaro World | Kitaro #2977

ETH

Kitaro World serves as a universal platform, fostering a community spirit, and linking the virtual and tangible worlds. It breathes life into narratives by offering engaging, participatory adventures.

In simpler terms, this NFT initiative seeks to give the community the power to create their own unique ideas in partnership with us. The Greenhouse Launchpad serves as a place where project holders can cultivate and finance their own ventures within our community.

10. The Warlords of Champions Tactics by UbisoftCT

ETH

9,999 distinct, digital collectibles named “Warlords” were introduced with Ubisoft’s Champions Tactics Grimoria Chronicles launch. Owning a Warlord grants you entry into the Champions mint, special VIP community advantages, and unique in-game rewards. Build your team of Champions and engage in strategic PvP battles to earn the title of a Grimoria legend.

FAQs

What are the Cheapest NFTs?

The cost of an NFT is heavily influenced by market trends and additional factors related to the digital collectible. Some NFTs may even be obtained without cost via airdrops or giveaways, while others could carry significant price tags.

As an analyst, I’d like to point out that while some Non-Fungible Tokens (NFTs) appear inexpensive, it doesn’t always mean their value will decrease. Granted, instances where these low-priced NFTs maintain or even increase their worth are relatively scarce, but they do occur from time to time.

Can NFTs Be Created for Free?

Absolutely! You can create Non-Fungible Tokens (NFTs) at no cost on certain platforms, such as OpenSea and Rarible. These platforms enable users to produce NFTs on the Ethereum blockchain without any upfront charges.

In “lazy minting,” you have the ability to generate a Non-Fungible Token (NFT) and list it for sale, but the token isn’t actually recorded on the blockchain until it’s purchased or transferred.

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.

Keep in mind that when making sales on either platform, they will charge a percentage fee. This could have an impact on your earnings in the long run.

To maximize your profits when creating NFTs, it’s advisable to avoid relying on the quick-and-easy minting approach.

How Much Does 1 NFT Cost?

Non-Fungible Tokens (NFTs) can be priced anywhere from a few pennies to multiple millions. The price tag for an NFT can wildly fluctuate due to various influential 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?

opting for affordable NFT ventures with promising potential might involve a greater degree of risk compared to investing in costlier NFT projects. Although budget-friendly NFTs could appreciate in worth down the line, they are often seen as more speculative and may not consistently yield substantial returns.

When pondering over purchasing NFTs, it’s crucial to delve deep into the various choices, evaluate their quality and current popularity, and brace yourself for any shifts in the market. Additionally, you might want to explore the alternative marketplace, OpenSea.

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, blue-chip NFTs can be costly too. It’s advisable to avoid investing in them.

If you’re financially capable, then purchasing these items is indeed an option available to you. Notable examples of high-value NFTs can be found within the CryptoPunks and Bored Ape Yacht Club collections.

Best Cheap NFTs Final Thoughts

It’s worth noting that the abundance of NFTs on the market is immense, to the point where it’s unnecessary to count them all. Instead, people prefer investing in NFTs for diversification purposes and to infuse a unique aesthetic into their investment portfolios.

Since numerous websites showcase NFT collections, it’s simple to discover digital collectibles that catch your interest and could be a great addition to your collection.

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

2024-10-03 15:59