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 is selling for upwards of $100,000. Thankfully, there’s many ways to get involved with NFTs even if you’re only looking to spend smaller amounts.

In this article, we will be featuring the cheapest NFTs that can get you started on your journey of collecting or trading NFTs. The NFTs we will be showcasing can all be acquired for under 1 ETH, with most being priced well below that. 

To be clear, you shouldn’t expect to strike it rich by buying these NFTs, as there’s usually a good reason why the NFTs featured 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 typically only captured by a small number of NFTs with rare attributes, while NFTs with common attributes have a low price. 

The cheapest NFT projects that are worth buying 

If you’re not sure about how you can 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 on fxhash – Explore a diverse range of generative art
• NBA Top Shot – Collect officially licensed NBA highlights
• The Sandbox – Buy a plot of land in the metaverse
• Ethereum Name Service domains – Own a unique name on the Ethereum blockchain
• Rare Pepe – An NFT card collection originally minted on Bitcoin

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 collectable aspect, as there are four main types of CryptoKitties: Normal, Fancy, Special Edition and Exclusive. Each CryptoKitty has 48 different genes which determine its appearance and influence the result of breeding.

Launched in November 2017, CryptoKitties was the first NFT collection ever to go viral. In fact, CryptoKitties became so popular that they had a noticeable impact on the Ethereum network, which was struggling to process all of the CryptoKitties-related transactions users were trying to submit.

Following this initial spike of popularity, the enthusiasm surrounding CryptoKitties cooled down significantly. However, the project is still around and still has a legendary status in the NFT community. 

CryptoKitties are very easy to get started with, as they can be acquired for a very low price. At the time of writing, normal CryptoKitties have a floor price of 0.0012 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 are definitely with a look.

2. Axies from Axie Infinity – One of the most popular blockchain-powered games

Axie Infinity is a blockchain-powered game that’s definitely inspired by CryptoKitties, but takes the concept a bit further by expanding the gameplay elements instead of just focusing on collectability.

In Axie Infinity, players collect and breed virtual creatures called Axies. Axies can be assembled into teams to battle against other players in a game of strategy that can be described as Pokémon meets Hearthstone.

Axie Infinity saw an immense surge in popularity in 2021, and its governance token AXS reached an all-time high of $163. During this period, Axie Infinity was commonly promoted as a “play to earn” game, since players can earn tokens by winning battles and completing quests. However, the economic design turned out to have serious flaws, and the price of AXS is now down about 95% from its all-time high.

Today, the Axie Infinity project seems to be more focused on attracting players through gameplay instead of the potential to earn rewards. New players can receive some free Axies to get started, and there’s also a lot of cheap Axies that can be bought on marketplaces. For example, you can purchase an Axie on the Axie Infinity marketplace for as little as 0.00091 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 utilizes the Ethereum blockchain to represent card 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 however they please. 

Cards from Gods Unchained can be purchased on the Gods Unchained marketplace. The prices of cards vary depending on their playability and scarcity. However, many cards can be obtained for only about $0.01 apiece. 

If you’re interested in 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 received well in terms of the quality of its gameplay, an aspect which is unfortunately often neglected by developers of other blockchain-powered games.  

4. Generative art NFTs on fxhash – Explore a diverse range of generative art

So far, we have featured 3 kinds of NFTs that are tied to blockchain-powered games. Let’s introduce a bit of 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 released 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 variety of artists, ranging from well-established to completely unknown. Typically, an artist will create a generative art algorithm and put a limit on how many NFTs it can be used to mint.

Users can preview the types of artworks the algorithm generates—if they like the outputs, they can pay the price determined by the artist and mint an NFT. Users don’t know exactly what they are going to get, as the algorithms produce a different image each time. 

If you’re 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’re looking 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, which are called “moments”, are represented with NFTs on the Flow blockchain. NBA Top Shot was developed by Dapper Labs (who, by the way, also created CryptoKitties) and is officially licensed by the NBA.

While some NBA Top Shot NFTs can get very pricey, a lot of them can be collected on the cheap. Some moments can be bought for as little as $1, but you of course shouldn’t expect to get any rare moments at 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 such as Steph Curry, Anthony Davis and Trae Young. 

If you love basketball and want to bring your fandom to the blockchain, highlights from NBA Top Shot can be worth considering as cheap NFTs to invest in. 

6. The Sandbox land – Buy a plot of land in the metaverse

The Sandbox is a 3D virtual world where ownership of land and other assets is represented with NFTs. The Sandbox is one of the most notable metaverse projects that are using crypto and blockchain technology to bring a new dimension to digital ownership. If you’re looking for metaverse real estate, The Sandbox could be one of the best NFT projects to invest in.

The Sandbox has partnered with several celebrities and brands like Snoop Dogg and Adidas to create experiences in their virtual world. Players that own land in The Sandbox can create their own customized experiences, for example minigames that other players can enjoy. In addition, land owners can participate in governance and access exclusive SAND staking and monetization options that aren’t available to other players.

In terms of floor price, the Sandbox land NFTs are among the most expensive NFTs featured in this article. At the time of writing, the floor price for a Sandbox land NFT is about 0.087 ETH. The value of land in the Sandbox depends on a few things, most notably location. 

7. Ethereum Name Service (ENS) domains – Own a unique name on the Ethereum blockchain

The Ethereum Name Service (ENS) is a system that enables users to register custom domains ending in .eth or other DNS names, which can serve as substitutes for Ethereum addresses.

Ethereum addresses are composed of 40 hexadecimal characters, making them difficult for humans to read or remember. Because memorizing even a single Ethereum address is nearly impossible, users often resort to copying and pasting addresses or scanning QR codes when performing wallet transactions.

ENS addresses this challenge by linking human-readable names, such as bob.eth, to Ethereum addresses and other machine-readable identifiers. In wallets and decentralized applications that support ENS, users can interact with these simple, user-friendly names instead of relying on Ethereum addresses. Additionally, an ENS domain can store multiple cryptocurrency addresses, simplifying asset management.

Beyond addressing, ENS domains can also point to websites hosted on the InterPlanetary File System (IPFS) and support a variety of other Web3 applications.

Just like with standard web domains, the price of ENS domains can vary significantly. Currently, the cheapest ENS domains can be purchased for around 0.001 ETH, which is less than $5.

8. Rare Pepe – An NFT card collection originally minted on Bitcoin

Rare Pepe is a collection of NFT cards that was initially launched between 2016 and 2018. Originally, the collection was minted on the Bitcoin blockchain using the Counterparty protocol. 

In total, 36 series containing 50 Rare Pepe cards each were issued between 2016 and 2018. The art for these NFT cards was submitted by over 300 artists in total, and community members curated the submissions, ultimately deciding which cards would be minted. 

Rare Pepe NFTs, which reference various internet memes, start at a fairly low floor price of 0.005 ETH (around $16 at the time of writing). Although these NFTs currently aren’t seeing a huge amount of interest, they represent an interesting opportunity to own a unique piece of NFT history. 

Currently, Rare Pepe NFTs can be traded on Ethereum thanks to Emblem Vault, a service that allows users to control NFTs across various blockchains. This means that Rare Pepe NFTs can now be traded on OpenSea and other popular NFT marketplaces. 

The bottom line

So, what’s the best NFT to buy if you’re looking to only spend smaller amounts? The answer will depend on what you’re trying to achieve. For example, we’ve seen that there’s plenty NFTs associated with blockchain-powered games that you can get your hands on for cheap. However, there’s also ways to collect some art from less established artists that are selling their creations on NFT platforms.

If you’re wondering about NFTs as an investment, it might be a good idea to find a cheap NFT to buy instead of diving straight 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 give you a level up on your NFT investing journey.

While this article focused on the cheapest NFTs, there’s of course also many NFTs that have sold for massive amounts. The most expensive NFT of all time sold for just below $70 million.