Non-fungible tokens known as NFTs are generally perceived to be expensive projects and difficult to invest in. That is not always the case because 2022 has seen a rise in NFT projects that are cheap, and in this post, we are going to list some of the cheapest projects you should look out for.
The buzz around NFTs hasn’t dropped at all. The NFT market has continued to grow and there are lots of projects that are springing up that you might have to pay attention to. There have been predictions by experts that 2022 will be a great year for blockchain development and adoption and also for NFT revolutions.
In case you are still not familiar with what an NFT is, they are noninterchangeable cryptographic assets that are created and exist on a blockchain and they show ownership of real-world collections like art, property rights, real estate, etc.
You can buy NFTs on OpenSea, and other NFT marketplaces by following just very few steps. Investing in NFT projects is an easy process contrary to the common misconceptions about NFTs people have. Let me give a brief overview of what an NFT project is before we proceed to the list.
An NFT project is a unique collection of Non-fungible tokens. As we already established before, NFTs are cryptographic assets that are stored on a blockchain with proof of ownership to real-world items.
While NFT arts are made on a smaller scale by individual artists, NFT projects on the other hand are created by large organizations. NFTs are mostly marketed and traded on the NFT marketplace like OpenSea, Raible, Magic Eden, and Nifty Gateway, while NFT projects on the other hand are marketed on the platforms of the organization which created them.
We know that picking an NFT project to invest in might be a long and sometimes confusing process, especially for beginners, in this post, we have compiled a list to help you with making your choices easier.
Below is our quick pick of the best cheapest NFT projects to invest in, and an additional review of the projects will also be included. In no particular order:
- Lucky block (LBLOCK). Market Cap $7.8 million
- Tamadoge (TAMA). Market Cap $54 million
- Battle Infinity (IBAT). Market Cap $7.3 million
- League of Kingdoms (LOKA). Market Cap $13 million
- The Sandbox (SAND). Market Cap $1.2 billion
Built on the Ethereum blockchain, Lucky Block are an NFT-based competition platform that offers weekly NFT draws and crypto to its players. You can enter the various prize competition by buying one of the NFT collections that are minted on the Lucky Block competition platform.
Entry to the Lucky Block competition and reward is simple, just follow the steps below:
Buy NFTs: The longer you hold the Lucky Block LBLOCK token, the more you are rewarded. Rewards are earned in LBLOCK and it grants you access to eligible competitions.
Earn Rewards: All NFT holders on the Lucky Block platform are rewarded as long as they hold Lucky Block NFTs.
Win Prizes: When an NFT collection sells out, an eligible winner is selected. Each unique collection of Lucky Block NFT comes with a Lucky Block NFT competition.
Prizes that are won range from luxury watches, PS5 consoles, Lamborghini cars, and $1 million worth of houses.
LBLOCK is the native cryptocurrency of the platform and it has two token versions, the BEP-20 (V1) protocol and the ERC-20 token (V2) which was newly released. According to data from CoinMarketCap, the price for the V1 token is $0.0001928, and the V2 token trades at $0.0002318. Lucky Block has a market cap of $7.8 million.
Tamadoge is a project that blends elements from P2E gaming and NFTs. The game will be integrated into the metaverse shortly. It offers in-game earning opportunities to members of its platform.
Developers of Tamadoge look to offer a tax-free purchase of their token and so an ERC-20 token of Tamadoge is also available.
Tamadoge pets can be purchased from the Tamadoge in-house NFT marketplace. Players can put these pets as they mature into battle in the Tamadoge battling arena and return earn some Dogepoints.
Players breed these pets and grow them by buying NFTs to feed them. The pet’s growth determines a player’s ranking on the leaderboard.
TAMA is the native token of the Tamadoge platform. According to details from CryptoNews, Tamadoge had one of the best presales of 2022. The value of the TAMA token increased nearly 20x from its presale price after its listings on OKX.
If you are looking for an NFT project with a better upside to invest in, then Tamadoge just might be the best choice for you. The price of TAMA today is $0.04788 and has a market capitalization of $54 million.
Battle Infinity was listed in our top 8 cryptocurrencies to invest in in October, so it is not surprising that it is also added to this list. It is a Mumbai-based play-to-earn gaming project.
Battle Infinity is offering investors the opportunity to get in early on the project that could seem to be the project the year. If you are an NFT enthusiast and you have been looking for a cheaper play2earn opportunity because the ones that are available in the market are too expensive, then Battle Infinity might just be the best choice for you.
The project is split into six different platforms and has already been KYC-verified by CoinSniper. Battle Infinity was created by Suresh Joshi, Jagjeet Jena, and Vinay Chhabra and is a project that brings fantasy sports into the crypto space.
The six different platforms include:
- The IBAT Premier League (fantasy sports league)
- The IBAT Battle Area (Metaverse world)
- IBAT Battle Games (gaming platform)
- IBAT Battle Stake (stake IBAT & other cryptos)
- IBAT Battle Swap (DeFi exchange)
- The IBAT Battle Market
The BEP-20 $IBAT token is the native cryptocurrency powering the Battle Infinity universe and has a limited supply of 10 billion. The token is used to reward players, to make the purchase of virtual advertising space easier, and also as staking rewards.
According to data from CoinMarketCap, the price of Battle Infinity (IBAT) is $0.002279 and has a market cap of $7.3 billion.
Disclaimer: This is not financial advice. The views and opinions shared on this post are that of the author who wrote the post and is in no way financial advice. You are always advised to do your research or consult with an expert before investing in any digital asset.
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Originally published at https://36crypto.com on October 7 30, 2022.