NFT (Irreplaceable tokens) record a huge increase in prices in recent months. This may deter new investors because the concept of NFT is still debatable and no one would want to invest such a high amount in something like this. So if you’re in the market to buy NFT but don’t want to empty your bank account, don’t worry, we’ll show you some of the best places to buy cheap NFT.
Waiver: This article is for educational purposes only. Information is provided according to reliable sources and industry trends. The value and position of NFT in the market are subject to change. Please research and check before investing.
The best places to buy cheap NFT
The sharp rise in NFT prices is due to their exploding popularity and the fact on which they are based Ethereum Blockchain. Thus, the creator of the gas fee must pay during minting, and the transaction fee when purchasing NFT is quite high. We will suggest the best places to buy cheap NFT on different blockchains and other cheap NFT ideas.
WazirX NFT Marketplace (Binance Smart Chain)
WazirX is a cryptocurrency exchange platform which recently launched its NFT market. It features unique and beautiful artwork created by Indian artists who add their own touch of Indian culture to their artwork. The artwork is sold in WRX which is a token platform. The platform itself is based on Binance smart chain which is a great alternative to Ethereum Blockchain. BSC helps keep costs to a minimum due to relatively less transaction fees.
Also, read | How to sign up for the WazirX NFT Marketplace to buy and sell NFTs
Binance NFT Marketplace (Binance Smart Chain)
Binance is another cryptocurrency an exchange platform and has been working well for itself in the field of NFT lately. Their NFT market hosts several good collections that you can buy at a low price. They also focus on playing NFT projects and Metaverse projects so you can invest in them if you want. Gambling projects can have a pay-as-you-go model so you can recoup your investment costs.
Unstoppable domains (Ethereum Blockchain)
Unstoppable domains allow you to purchase domain names and extensions like NFT. The biggest advantage of this is that you can use them domain names for your website and use them as regular domains or add them as addresses to his crypto wallet. These domains are cheap as long as you are not buying any premium options. They are based on ethereum so you will have to consider the high price of gas with the price of your NFT.
Also, read | Unstoppable Domains: Purchase an NFT domain and features
Saltworks is another competitive crypto blockchain and they have their own Marketplace called Solanart. Solanart is gradually growing in the NFT space, and some of the NFTs presented at Solanart have sold out for 3 times their value. Some of these projects like Solana Monkey Business now they don’t exist, but you can still look for projects like overtaking which are available at a low price and promising. The transaction fee at Solana is very low so you pay the asking price of NFT.
Factional art (Ethereum Blockchain)
Factional art allows you to become partial owner of NFT. This lowers the barrier to entry and people can get partial ownership for a slightly lower price. You can find some popular projects whose prices are incredibly high and you can invest a small amount of money to buy a fraction of a percentage of ownership. Then you can use it as you wish, and when NFT is sold, the profit is evenly distributed to all owners.
Metaverse games like Decentralland, Sandbox and Axie Infinity they also have their own NFT. They are in the form of objects in the game, animals or creatures or avatars that you can own using the original cryptocurrency game. You can buy these coins as a crypto investment or use them to buy NFT on their platforms. You can even earn coins just by playing games and completing tasks. This allows you to invest in Metaverse, NFT and cryptocurrencies at the same time.
To learn more about Metaverse cryptocurrencies and what you can buy with them, you can read our article Metaverse coins.
Other ways to get cheap NFT
Social networking sites like Twitter, Telegram and Discord have a huge impact on the NFT market. New NFTs to be minted are being announced on these platforms. So, if you want to make the most of your investment in NFT, you will need to be active in the NFT circle on all three of these platforms.
Also, make sure there is a decent and good community support before investing in NFT. Good community around 5-10 thousand and preferably more is crucial. This is because if the community is smaller then liquidity problems can arise. That is, you will find it difficult to sell your NFT in the market because it is difficult to sell them outside the community.
Also, read | How to Create and sell your own NFT in 3 easy steps
The future of NFT is a great hope to grow further with new blockchains also joining creators exhibiting more new and stunning arts and games, so it’s wise to enter the NFT circle sooner rather than later. But we recommend that you research before investing.
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