Last updated on October 27th, 2023 at 10:49 am
Are you looking for affordable NFTs? Check out our top 5 cheapest NFTs you can buy on OpenSea! Get your hands on these tremendous digital assets for a fraction of the price.
Digital assets like cryptocurrencies and Non-fungible tokens (NFTs) have gained popularity over the years. Regardless of their volatility level, interest still grows by the day and more newbies keep flocking into the market.
The year 2022 saw a major crash in the crypto market. There was lots of negative news rocking the industry from the crash of the UST stablecoin to the bankruptcy of one of the largest cryptocurrency exchanges in the world FTX, and also recently BlockFi filing for Chapter 11.
These events sent shock waves through the crypto space, however, it didn’t deter the growing interest in the phenomenon. The NFT market has grown tremendously over the years and it bursts into the public consciousness in 2021 when some NFTs like CryptoPunks and The First 5000 Days were sold for millions of dollars.
Misconceptions about NFTs
One of the common fears and misconceptions about NFTs expressed by newbies is the fact that these cryptographic assets are too expensive and the limitations to getting involved are huge. But on the contrary, there are cheap NFTs that are available in the market that are very good investments and we will be talking about a few of them in this post.
OpenSea is a great place to find affordable Non-Fungible Tokens (NFTs), and we’ve rounded up the top 5 cheapest NFTs to buy for you! Enjoy access to premium digital assets for less than you ever thought possible, with all the same features that come with more expensive NFTs.
If you are not very familiar with the concept of NFTs, in the next part of this post, we will get a brief explanation of what they are and why they are so popular.
What are Non-Fungible tokens (NFTs)?
Non-fungible tokens popularly referred to as NFTs for short are cryptographic assets that are built on blockchains. These assets are noninterchangeable and they have unique metadata showing ownership of real-world items like artwork, property rights, individuals’ identities, and others.
NFTs also have unique identification codes that can be tracked to verify the authenticity and security of a specific asset. While we are gradually moving into the third evolution of web technologies, Web3, which houses applications that are built on blockchain, NFTs, and cryptocurrencies are a major part of it.
While there are several marketplaces to buy the cheapest NFTs, for this post, our focus will be on Opensea. In the next section, we will see a short overview of what Opensea is.
What is Opensea?
According to a post on Investopedia, Opensea is a marketplace for Non-fungible tokens where users can create, buy and/or sell NFTs. It is an American online marketplace with its headquarters in New York.
The company was founded in 2021 by Devin Finzer and Alex Atallah. Since its creation, Opensea has grown to be one of the biggest digital marketplaces that offer a platform allowing these tokens to be directly sold at fixed prices or bought through an auction.
Opensea hosts every kind of NFT from art to trading cards, to photography, and sports collectibles. If you are looking for the best marketplace for NFTs, then Opensea should be at the top of your list.
What are the TOP 5 Cheapest NFTs to Buy on OpenSea?
Newcomers often think that every NFT available in the market is expensive because oftentimes we hear about those expensive ones more. But in this section, I will be showing you some of the cheapest NFTs you can lay your hands on.
All of the collections listed here are great, but in the end, we will mention the one that stands out. In no particular order:
- Tamadoge (TAMA)
- Silks
- Lucky block (LBLOCK)
- Souls of nature
- AlphaBot Society
1. Tamadoge (TAMA)
Tamadoge is a new meme coin that was launched in 2022. The presale of the Tamadoge coin started in July 2022 and recorded a massive success. Its $19 million presale was sold out and following its listing on OKX centralized exchange (CEX) and the decentralized exchange (DEX), the value of the TAMA token grew over 20x from the initial presale price.
Tamadoge is a play-2-earn game that offers players rewards in the “Tamaverse.” The project is a blend of P2E gaming elements and NFTs. The project also plans to integrate into the metaverse in the future. It is an ERC-20 token and the main difference from other meme coins like Dogecoin is that Tamadoge is limited and the supply will reduce over time.
Players can earn rewards on Tamadoge by breeding pets and buying NFTs to feed them. There is a leaderboard that shows players’ ranking by their pet growth. Back in October 2022, 100 ultra-rare Tamadoge Non-fungible tokens were released and it became the top trending NFT project on Opensea.
If you are thinking about buying Tamadoge, it is best to get to it now before the price of TAMA skyrockets.
2. Silks
Silks is a fantasy sport real-world horseracing P2E game that is gradually gaining momentum and popularity in the play 2 earn NFT space. It is arguably the best fantasy sport in the ecosystem.
It is a connection between the real world and virtual horseracing. Players earn rewards in the game if they own a horse that wins in its real-world horse race. The Web3 gaming platform was launched in April 2022.
With the launch of Silk Avatars, Silks quickly became a top 10-ranked sports NFT on Opensea. Before a user can participate in the ecosystem, they are expected to own one of the Silk Avatars. Also, users can mint Silk horses participate in races, and get rewarded in the Silk game.
The value and demand for the Silk Avatars are only going to grow from here because the Avatars are some of the few NFTs that can provide real-world use cases for holders as it allows them to participate in the Silk P2E ecosystem and earn rewards.
It is a unique project that is already gaining popularity among investors. We are excited about the potential the project has.
3. Lucky block (LBLOCK)
The next project on our list of the cheapest NFTs you can buy from Opensea is Lucky Block. Lucky Block is a BNB smart chain network NFT that was launched in January 2022.
According to NftGames, the LBLOCK token (the native token of the Lucky Block platform) saw a massive gain of up to 7,000% in less than three weeks of its release. It is a decentralized token used to play online lottery games that are based on blockchain technology.
The project uses the power of Binance Smart Chain technology to promote fairness and transparency of lotto draws. Platinum High Rollers Club is a collection that has 10,000 unique Non-fungible tokens that give the holders several bonuses that are linked to prize draws.
Some benefits come with holding the collection. For example, users who hold the Platinum High Rollers Club collections are granted lifetime access to the Lucky Block daily prize draw which has a winning average value of $10,000.
After LBLOCK was listed on Pancake Swap, it went on to do a 70x increase, it only shows that the “cheap NFT” will explode in 2023. This project won’t be cheap forever, the price will eventually blow up so it is advised to get it now while you can.
4. Souls of Nature
Another cheap NFT you can get on Opensea is the Souls of Nature collection. In 2023, it is also expected to be one of the most promising Metaverse NFT projects. According to their official website, the Souls of Nature collection will consist of 9,271 unique Non-fungible tokens.
Holders of this collection will have exclusive metaverse experiences while giving back to protect endangered species. Since the project is still new, lots of details like the mint price and release date have not been announced yet.
The NFTs will grant holders access to the full experience of Souls of Nature. It is also your character inside the experience. Also, according to their website, you can play the demo game on the SoN website before the full game experience is launched in Q1 2023.
Since the collection is focused on nature, the team has promised to give 5% of the generated funds by the project back to nature. This would be done through charities that are focused on protecting endangered ecosystems.
With the solid team behind the project and the clear roadmap, Souls of Nature is one of the best cheap Non-fungible tokens to buy in 2023.
5. AlphaBot Society
Choosing your adventure is the focus of AlphaBot Society, a collection of 10,000 NFTs driven by the community. Currently, the collection has over $6.6 million in sales volume, sold out in 19 minutes, and is exclusive to Crypto.com.
The impressive statistics make Alphabot one of the top cheapest NFTs to buy in January 2023. This collection is perfect for any investor who is looking to grab cheap NFTs. Holders of the Alphabot Society collections have the privilege to vote on some decisions on the platform. If you want to get involved in this project, now is the best time to do so. See more details in this post.
Final Thoughts
The downtrend in the cryptocurrency market didn’t change the minds of investors. Many are still flocking to NFTs for investments. Every NFT project listed here has a good team and a very solid roadmap. Though they are all likely to do well, our pick for the best and cheapest NFTs to buy on Opensea right now is Silks.
The project’s ecosystem mirrors a thriving sport that does well in all market conditions, including in a recession. The thoroughbred horse racing industry which it mirrors generates over $10 billion yearly.
Disclaimer: This is not financial advice, the views expressed in this post are those of the author. Always do your due diligence before investing in any digital asset.
FAQ’s
Q: What are the cheapest NFTs on OpenSea?
The cheapest NFTs on OpenSea can vary in price, but you can find some options priced under $10.
Q: What is the cheapest NFT you can buy?
The cheapest NFT you can buy depends on the platform and current market conditions. However, you can find NFTs available for purchase as low as a few dollars.
Q: Are there any free NFTs?
While most NFTs have a price associated with them, there are occasional instances where artists or platforms give away free NFTs as promotional or community-building initiatives.
Q: What is an NFT and what does it stand for?
An NFT, or Non-Fungible Token, is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content. NFTs utilize blockchain technology to establish verifiable scarcity and ownership.
Q: How to invest in NFT?
To invest in NFTs, you can start by researching popular platforms, artists, and projects. Set a budget, evaluate the potential value and demand of the NFTs you are interested in, and consider factors like artwork quality, artist reputation, and market trends.
Q: Can you buy an NFT for $20?
Yes, you can find NFTs available for purchase at lower price points, including some priced around $20. However, the availability and variety of options may vary.
Q: How much does it cost to create an NFT?
The cost of creating an NFT can vary depending on factors such as the platform used, gas fees associated with the blockchain network, and any additional services or features you may require. It can range from a few dollars to several hundred dollars.
