Top 10 Cheap NFTs for May 2024

Intriguing projects abound in the cryptocurrency realm, each striving to fundamentally transform our perspective and utilization of the internet, assets, and online activities. Among these innovative initiatives, Non-Fungible Tokens (NFTs) have emerged as a particularly captivating concept that we frequently encounter.

If you’re enthusiastic about NFTs and aim to expand your collection with modest investment, here’s a curated selection of affordable NFTs worth considering this month.

Before exploring our chosen list of affordable NFTs for purchase, it’s essential to clarify the factors influencing our selection. Thoroughly adhering to these standards, we’ve curated an enticing assortment:

Affordable Price Range – Each NFT in our list is priced at a maximum of $140;
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 a clear understanding of these essential components, let’s delve into the most economical NFTs that could turn out to be valuable additions to your collection.

Notable Pepes – Pepe Checks

Ethereum

ETH

For PEPE meme coin enthusiasts, check out this intriguing NFT collection: Notable Pepes, a creation of up-and-coming NFT and digital artist, Vincent Van Dough.

As a collector and analyst of notable PEPEs, I’ve brought together a diverse group of artists, including OG Rare Pepe and Fake Rare, as well as other talented creators within the Ethereum network. Our goal is to give back to the PEPE fan base community by offering something unique and valuable.

The unexpected enthusiasm and support from both the community and the artists have caused this NFT collection to exceed even its creator’s initial expectations.

CryptoRayRays

ETH

If you’re in search of a PFP (Profile Picture) NFT collection boasting captivating visuals and notable similarities to highly successful NFT projects, then CryptoRayRays could pique your interest.

The CryptoRayRays assemblage comprises an impressive total of 9,671 distinct items, each ideally suited for usage as a profile picture. These Non-Fungible Tokens (NFTs) hail from the CryptoRayRays collection and feature adorable pixel art depictions of dogs. The creator of this collection openly acknowledged being inspired by CryptoPunks, a renowned NFT series that has left an indelible mark on the digital art community.

The creation and development of this NFT collection were inspired by CryptoPunks. Each piece in this set is a unique collectible token, with ownership verified through the Ethereum blockchain. The token you hold grants you endless privileges for pets and belly rubs.

Fomo Mofos

ETH

Jasper Wong’s exceptional Fomo Mofos series comprises 8,008 vibrant and captivating collectibles. Drawing inspiration from the richly hued world that enchanted him as a child, each Fomie in this collection boasts distinct characteristics, offering you an impressive range of over hundreds of unique variations.

On the vibrant planet of Fomo Mofo, a passionate gathering of individuals has formed, all sharing a deep appreciation for art, nurtured since childhood. They have an affinity for various cultural expressions, and their joy is not limited to just food, anime, pets, cartoons, TV shows, crypto, and NFTs. This community carries the essence of the 90s era with them.

Fluffy Polar Bears

ETH

With a collection of 9,441 unique digital items, Fluffy Polar Bears offers an enjoyable experience for users through their creative depictions of polar bears donning diverse costumes.

After a mercilessly cold ice age, polar bears emerged as the sole survivors, according to their makers. Now, they aim to discover new territories, innovate, and construct an intriguing, frosty world for themselves.

As a researcher studying the world of cartooning and animation, I’ve come across an intriguing project called “Fluffy Polar Bears.” This creative endeavor was brought to life by the skilled hands of Selcuk Erdem, a renowned cartoonist. He personally hand-drew each fluffy polar bear and accessory with care and attention.

Momoguro: Holoself

ETH

In an awe-inspiring showcase, the multimedia brand Momoguro presented an astounding collection of 8,888 Holoself Avatars. These avatars serve as the entry point to navigating the Uno Plane. The Momo Quest game on Roblox and the upcoming Legends of Uno offer immersive experiences, allowing players to shape the course of events concerning the realm of Uno.

As a researcher studying the innovative world of Baobab Studios, I’ve discovered their groundbreaking creation: an Emmy-winning animation and role-playing game that brings to life a diverse cast of creatures. These beings harness the magical energy of Momoguro, enabling them to merge into powerful entities known as Momo beasts. Each Momo beast possesses distinct abilities that can be utilized in unique ways.

Akumu Dragonz

ETH

For dragon enthusiasts around the world, Akumu Dragonz collects an extensive set of 10,000 unique dragon NFTs, all created on the Ethereum blockchain. In relation to the Bōryoku Dragonz NFT collection from the Solana blockchain, Akumu Dragonz is working on establishing interoperability between different blockchains.

In addition, Dragonz token owners will have the privilege of joining a vibrant multi-chain social network and become eligible for special airdrops and captivating activities.

Visions of the Void

ETH

The creators of Space Riders, a collective of artists, entrepreneurs, and innovators in the Web3 realm, have produced an NFT series called Visions of the Void. This collection consists of 4,444 unique digital assets.

In addition to the Space Riders NFT series, Visions of the Void introduces unique creatures possessing striking characteristics and abilities. The platform primarily highlights three categories: Seekers, Swarms, and Spirits.

As an analyst, I would phrase it this way: I, as a seeker, possess the ability to absorb and understand new information efficiently. Collectively, we can refer to groups or entities as swarms, which play a significant role in bringing various elements together in the cosmos. Lastly, spirits represent the eternal protectors of the void in our analysis. These unique digital assets can be found on OpenSea, Blur, and LooksRare marketplaces.

Song a Day

ETH

Jonathan Mann, the musician behind the “Song a Day” NFT series, owns the Guinness World Record for uninterrupted daily song production. He’s commonly known as “The Beeple of Music.”

Jonathan Mann chose to make his daily-composed songs available to the cryptocurrency audience by establishing Song a Day, an NFT collection encompassing approximately 5,117 pieces as of now.

This man aspires to make his day-to-day experiences known to the global audience, amassing over 50,000 followers around his endeavor. In an innovative move, he intends to convert his musical compositions into NFTs (Non-Fungible Tokens) via SongADAO. This allows him to distribute royalties and maintain control over the governance of his entire music catalog.

The Memes

ETH

As a crypto investor and NFT enthusiast, I understand the unpredictability of meme culture in our community. There are countless factors that can influence meme trends, making it challenging to keep up with them all. However, The Memes platform is designed specifically to bring you the most captivating and relevant memes right at your fingertips. Stay tuned for fresh content that will surely engage and entertain!

The primary objectives of this NFT collection are to advocate for a decentralized metaverse with a strong sense of community and individual control, while also amplifying this message to reach a broad audience.

“6529, a digital artist, has created The Memes NFT collection to demonstrate yet again that any topic can spark a meme and shift global perspectives, emphasizing the power needed to instigate change.”

HasbullaNFT

ETH

By 2024, Hasbulla Magomedov will be a household name, and the interest in his unique NFT collection, which is the only verified one bearing his name and numbered up to 10,000 units, is bound to increase significantly as a result.

I find it intriguing how this hand-drawn NFT collection bridges the gap between physical and digital worlds, offering unique advantages on the Ethereum blockchain. From my perspective as an analyst, this means that not only can individuals engage with Hasbulla virtually, but they also gain access to exclusive semi-annual events in real life. Moreover, staking these NFTs opens up opportunities for earning a passive income. The possibilities are vast!

FAQ

What is the Lowest Price of an NFT?

The value of an NFT is heavily influenced by market circumstances and specific characteristics of the digital assets. Some NFTs can be obtained at no cost via airdrops or giveaways, while others may carry substantial prices.

It’s important to acknowledge that NFTs with surprisingly low prices can maintain their value, although this is not the norm. Exceptions to this rule are quite rare.

Can NFTs Be Created for Free?

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

As an analyst, I’d put it this way: On platforms such as OpenSea and Rarible, there is no upfront cost for creating Non-Fungible Tokens (NFTs) using the Ethereum blockchain.

In simpler terms, “lazy minting” refers to the procedure of generating an NFT without its immediate recording on the blockchain. This means you can list it for sale first, and only when a buyer makes a purchase, both the costs for writing and storing the NFT on the blockchain, as well as transferring it to the buyer, are combined and paid.

When using either platform to create and sell NFTs, keep in mind that they charge a commission on every sale. This fee can add up over time and potentially limit your potential profits. Therefore, if your goal is to make substantial profits through NFT minting, it would be advisable to avoid the convenient but less cost-effective option of lazy minting.

How Much Does 1 NFT Cost?

NFT prices can fluctuate greatly, ranging from a mere few cents to vast fortunes. Factors influencing an NFT’s cost include the specific digital asset being bought or sold, the marketplace or platform hosting the transaction, the artist or creator’s recognition, the rarity of the piece, market demand, and current economic conditions.

Are Cheap NFTs a Good Investment?

Purchasing low-cost NFTs involves greater risk than investing in pricier alternatives. Although some inexpensive NFTs could increase in worth down the line, they’re often viewed as more speculative and might not consistently generate substantial returns.

As a careful investor, I would strongly recommend conducting comprehensive research on various NFT (Non-Fungible Token) offerings before making any investment decisions. This includes evaluating the merit and appeal of each NFT in terms of its quality and existing market demand. Furthermore, it’s crucial to remain flexible and prepared for potential market volatility.

What are the Cheapest NFT Collections?

Despite the abundance of NFT projects currently available, identifying the most affordably priced options can be challenging. However, keep in mind that potential bargains may lie within newly introduced crypto initiatives and emerging NFT creators. These artists and platforms are still striving for recognition and often host events where users can purchase NFTs at relatively low costs as part of their promotional efforts.

What are Blue-Chip NFTs?

Blue-chip NFTs, similar to well-established cryptocurrencies, come with a hefty price tag, making them unsuitable for most investors. Nevertheless, if you possess sufficient financial resources, you may consider purchasing these valuable NFTs. Notable examples include those from the CryptoPunks and Bored Ape Yacht Club collections.

Final Thoughts on the Top Cheap NFTs

Due to the immense quantity of NFTs for sale, it’s unnecessary for anyone to expend effort in calculating their total number. Instead, people opt to purchase a few that pique their interest.

With numerous digital marketplaces showcasing an array of NFT (Non-Fungible Token) collections, discovering and acquiring collectibles that resonate with you for your personal portfolio has become a straightforward process.

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

2024-05-02 14:38