Best Cheap NFT Collections for August 2024

We live in a time when the cryptocurrency world offers us truly intriguing projects that aim to revolutionize how we perceive and use the internet, assets, financial investments, and everything happening online.

Among many projects being developed and launched within the crypto space, cheap NFTs (non-fungible tokens) may be among the most popular concepts today.

Given the state of the NFT space in Q1, 2024, the NFT market gradually recovered due to Bitcoins and Solanas interest in NFTs. Thus, its trading volume grew by 51.5%, meaning that the NFT market and community regained confidence in the exciting NFT projects.

So, given that NFTs usually cost a fortune, we have an alternative: disclosing the cheapest NFT projects to diversify your NFT collections with little investment. As such, weve prepared a list of some of the top cheap NFT art projects you should look into in August.

So, lets get started and discover our selected NFTs!

How Did We Choose the Best & Cheap NFT Projects?

Before we dive into our selection of top cheap NFTs for sale, we must understand the criteria guiding our choices.

Weve meticulously followed these guidelines to ensure a list of promising picks to add to your digital collectibles portfolio with little 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

Weve 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

Weve handpicked NFT projects from trusted or new NFT artists.

NFT Community Approval

The cheap NFT projects weve included have garnered positive feedback from various communities, including platforms like Twitter, attesting to their overall credibility and potential.

Now, with these key elements in mind, lets explore the top cheap NFTs that have the potential to be gems in your collection.

The 12 Best Cheap NFTs Worth Buying in August

1. The Beacon NFT Collection

Launched: November 2022;
Status: Available;
Chain: Arbitrum;
Lowest Price: 0.0056 ETH ($14.73);
Floor Price: 0.0001 ETH;
Total Volume: 1,393 ETH.

This cheap NFT project is based on The Beacon, a thrilling game on Arbitrum within the Treasure ecosystem. This fast-paced, free-to-play fantasy RPG sends you on an adventure that plunges you into a new, perilous dungeon filled with deadly creatures.

Master your combat skills, upgrade your gear, and outsmart your enemies in intense, real-time battles!

2. Common Ground World NFT Collection

Launched: July 2020;
Status: Available;
Chain: Ethereum Network;
Lowest Price: 0.0053 ETH ($17.59);
Floor Price: 0.0001 ETH;
Total Volume: 24,514 ETH.

From the creators of FarmVille comes Common Ground World, a charming casual GALA game where farming fun meets global impact. Given such impact, this project outgrew many other games, thus forming a vibrant community that empowers the games and contributes to sustainability.

Also, the Common Ground NFT collection owners can create their own guilds, inviting friends and family to join in the battle for valuable guild resources.

3. MyCryptoHeroes NFT Collection

Launched: September 2018;
Status: Available;
Chain: Ethereum;
Lowest Price: 1.49 MATIC ($0.63);
Current Floor Price: 0.45 MATIC;
Total Volume: 24,977ETH.

This Japanese blockchain game, MyCryptoHeros, was launched in 2018. To this day, it steadily increases its community while offering endless fun.

This blockchain project aims to offer its players ways to participate in dungeons and collect materials that contribute to the Extensions NFT, which makes their heroes stronger.

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

Launched: March 2021;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0065 ETH ($17.15);
Floor Price: 0.0001 ETH;
Total Volume: 80,417ETH

Parallel is a free-to-play sci-fi-based competitive card game that allows players to decide the fate of humanity by choosing the right cards to bank each turn. Players gain energy that allows them to play units, relics, effects, and upgrades.

Various combinations of cards can create a powerful winning strategy. Parallel has 5 unique factions with 15 game-changing leaders, each with their own active/passive abilities, helping users craft a unique strategy.

Parallel Alpha is the card-based NFT collection empowering the Parallel ecosystem. The NFT project consists of 5,9 million items and 1,276 unique items, all representing cards that can be used in the Parallel game.

5. Parallel Planetfall

Launched: October 2023;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0034 ETH ($9.02);
Floor Price: 0.4 PRIME;
Total Volume: 865ETH.

If youre looking for one of those cheapest NFT projects that deliver quality, Parallel Planetfall could be your NFT collection. Parallel is a Sci-Fi-based NFT project supported by a card game in which players compete to decide the fate of humanity. It is an expansion set for Parallel TCG.

Moreover, the game is free to play, and gamers are rewarded with various digital art cards, building bank cards for energy, to compete within the Ranked Ladder and Tournament Modes.

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

6. Gemesis

Launched: April 2023;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0066 ETH ($17.50);
Floor Price: 0.0066 ETH;
Total Volume: 8,136ETH.

OpenSea Pro, formerly Gem, is the ultimate platform for NFT collectors, offering unparalleled choice, control, and opportunity. After months of development, they are ready to unveil the most powerful NFT marketplace aggregator.

Thus, Gemesis is offering its community an exclusive opportunity to buy NFTs to celebrate their shared history and get a glimpse into the exciting future of NFTs.

7. Notable Pepes

Launched: January 2023;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.04 ETH ($105.36);
Floor Price: 0.003 ETH;
Total Volume: 5,197 ETH.

Who doesnt know the Notable Pepes NFT project, which stole our hearts with its meme coin project and visuals? Based on the popular Pepe meme, this collection consists of 238.4K cheap NFTs for sale for all those meme enthusiasts.

8. Playboy Rabbitars Official

Launched: October 2021;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0063 ETH ($20.91);
Floor Price: 0.0128 ETH;
Total Volume: 2,875 ETH.

Playboy Rabbitars is an NFT collection consisting of 11,953 unique digital collectibles inspired by Playboys iconic legacy. Each Rabbitar is a one-of-a-kind character featuring 175+ traits drawn from Playboys world-famous digital art, photography, and celebrity culture.

9. The Memes by 6529

Launched: June 2022;
Status: Available;
Chain: Ethereum;
Minimum price: 0.0142 ETH ($47.13);
Floor Price: 0.014 ETH;
Total volume: 23,974 ETH.

There are so many things that can influence memes that you cant even think of all of them, but The Memes is here to bring some of the most engaging memes closer to all NFT enthusiasts.

The main goals of the digital asset collection are to fight for the open Metaverse (decentralization, community, and self-sovereignty) and spread the message to as many users as possible.

The Memes is an NFT collection developed by 6529, a digital artist who aims to prove once more that anything can be the seed of a meme and that memes can change the perception of many worldwide, thus confirming what it takes to make a change.

10. Nakamigos-CLOAKs

Launched: August 2023;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.028 ETH ($74.01);
Floor Price: 0.0207 ETH;
Total Volume: 2,551 ETH.

This cheap NFT collection consists of 20K unique pixelated digital art characters. All holders are offered worldwide gaming and commercial rights through a Cloaks agreement.

When discussing the characters of Nakamigos-CLOAKS, they are presented in multiple forms and with different attributes and add-ons, thus offering you plenty of options.

11. Isekai Meta

Launched: July 2022;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0175 ETH ($46.37);
Floor Price: 0.0141 ETH;
Total Volume: 7,353 ETH.

This is one of those NFT projects that mixes a story with community-driven and hand-drawn digital art with the Metaverse. Created by the Isekai Meta, the NFT collection consists of 7,776 art pieces in multiple pop culture, lo-fi, and Japanese anime aesthetics.

12. Great Apes (Grapes)

Launched: January 2024;
Status: Available;
Chain: Ethereum;
Minimum Price: 0.0218 ETH ($58.23);
Floor Price: 0.0218 ETH;
Total Volume: 18 ETH.

It may not be the cheapest Bored Ape NFT, but its the Great Apes NFT collection. Great Apes (Grapes) are Ethereum-based art NFTs that combine stunning visuals with exclusive experiences and a token-gated membership. They result from a historic merger between two popular collections, Apes Together Strong and ROTA.

FAQ

What are the cheapest NFTs?

The NFTs 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.

However, it is essential to note that NFTs with shockingly low prices may keep their value unchanged. Of course, there are some exceptions, but they rarely occur.

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.

This process is called lazy minting, where you can create an NFT and put it up for sale without it being immediately written to the blockchain.

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.

However, its important to note that both platforms take a percentage fee from any sales you make, which may affect you over time.

So, if you want to profit significantly from minting NFTs, we do not recommend using a lazy minting process.

How Much Does 1 NFT Cost?

NFTs can range from just a few cents to millions of dollars. The cost of one NFT can vary significantly depending on several 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 creators reputation, rarity, demand, and current market conditions.

Are cheap NFTs a good investment?

Investing in some of the best cheap NFT projects can be riskier than investing in higher-priced ones. While some cheap NFTs may potentially gain value over time, they are generally considered more speculative and may not always result in significant profits.

If youre considering buying NFTs, its essential to thoroughly research the options available, assess the quality and demand for the NFTs, and be prepared for potential market fluctuations. You can also check out the secondary market 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?

Like blue-chip cryptocurrencies, blue-chip NFTs are also quite expensive, and we do not recommend getting into them.

However, if you have the financial means, you do have the option to buy them. Some examples of blue-chip NFTs are those in the CryptoPunks or Bored Ape Yacht Club collections.

Best Cheap NFTs Final Thoughts

As we mentioned, the number of NFTs available on the market is so significant that no one wastes their time counting them; instead, they choose to buy some.

Considering that there are plenty of platforms listing NFT collections, you can easily find some digital collectibles that you like and would want to become part of your portfolio.

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

The post Best Cheap NFT Collections for August 2024 appeared first on Coindoo.

Text source: Coindoo

Non-Fungible Tokens