How To Find and Buy Affordable NFTs

How to find NFTs before they blow up

If you want to invest in affordable NFTs, it is crucial to identify projects early. Below are the steps to follow to enhance your chances of finding NFTs with growth potential.

Step 1. Find new NFT projects before they get released

NFTs are usually affordable when they are newly released and minted on the blockchain. That’s why it is important to find them before they go live, and learn everything there is to know about them. 

Finding affordable NFTs will take some time, and we recommend that you use some of the NFT tools that most successful NFT investors use, including NFTCALENDAR and UpcomingNFT. You can also find new projects on social media, but it will probably take more time.

When looking at all of these, remember that your goal is to buy low and sell high. And considering the recent most successful NFTs, entire collections tend to be more successful than single releases. 

Step 2. Check social media

Community is everything in the crypto and NFT world. You want to ensure that the project you’re about to invest in has an active social media following and an eager community. Even affordable NFTs should have an active social media account. 

Most projects have Twitter and Discord, and those are great places to start your research. A project with only a few followers might not be promising enough to invest in because this means it will be harder to find a buyer for their NFTs. 

You should also check their Discord server. Join in and check out the general chat and ensure there is an active community on there.

They should have announcements, reactions to their announcements, a big community (the total number of people on Discord), and moderators or even founders on the chat. An active community that surpasses the number of items in the collections translates to a higher demand for that NFT collection.

Step 3. Check the project’s website

Every crypto project should have a legitimate website free from obvious red flags (for example, grammatical errors, over-the-top claims, etc.). A bad website should be easy to spot and a clear sign to stay away.

A website for a good NFT project should contain all of the necessary information that any new investors should know, including a roadmap, their whitepaper, founding team members, partnerships, links to social media channels, and everything else about their project. Some projects even develop their own crypto. If that’s the case, you should also find that on the website. 

Although crypto is all about privacy, the majority of reputable projects have established team members that potential investors can reach out to. Make sure the founders are legitimate people — better if they have been involved in similar projects before. 

You can often find more information about the founders on the project’s social channels. They will probably use their personal accounts to post about the project, and if you find them, you can find out more about the individuals behind the project.

Step 4. Make sure you actually like the NFT 

If you don’t like the project you’re about to invest in, there’s a chance that there aren’t a lot of buyers. That means that you may end up stuck with that piece of the collection. 

Another point is the artwork: Is it good? This is subjective, but you need to determine if the artwork is original and good.

You have to bear in mind that your first attempt to find affordable NFTs might not be successful. That’s why you want to make sure you get stuck with an NFT that you at least like, and you are not buying it with the bare hope of making a profit from secondary sales. 

In the end, you want to ensure that the art is high quality and that it has a unique element that makes it stand out from others.

Are you too late to the NFT boom?

Although it might seem like you’ve missed the NFT boom, you’re not too late. You could turn your attention to cheap NFT projects that have the potential to explode if you missed out initially.

Even after the NFT market’s peak in 2021, several NFT investments have continued to outperform major cryptocurrencies like Bitcoin and Ethereum. For instance, celebrities such as Jay-Z, Jimmy Fallon, and Eminem have purchased NFTs and posted them on Twitter, increasing demand for tokenized art in limited editions. 

But how much are people willing to pay to get digital ownership signatures over art on a blockchain? And how do you find the affordable and cheap NFTs that will bring you the profits that others are bragging about? 

There are ways, and you need to carefully research your future investors. You’ll probably need to familiarize yourself with NFT tools that most NFT traders use and to understand how the market works. For instance, it might be a good idea to take a look at DappRadar’s NFT data and observe how many traders work with each popular NFT collection.

You’ll soon notice that the market isn’t as liquid as the crypto market, and your profits depend on first finding the affordable NFT project. You can also join the market as an NFT artist, as the most popular NFT marketplaces offer creators the option to create NFTs for free. Creators can upload their digital artwork as free listings and there is no upfront payment.

Do your due diligence

You have to bear in mind that a cheap NFT doesn’t necessarily mean that you will make money by flipping it. Without meeting all the criteria, the NFT serves as nothing more than just another pretty digital artwork. Most NFT collections are integrated into virtual worlds, games, or metaverses. These digital assets can function as in-game items or offer other utilities. To determine the value of such NFTs, assess how active these games are and the size of the community. Celebrity endorsements may also indicate a project’s potential, though they are not a foolproof indicator of value.

Frequently asked questions