nfts

How to find NFTs under $500?

Daksh Murkute | | |

I know that NFTs are not just JPGs, they are art and some people made good money from that as well. I agree to that.

 

But I wanted to see if I could buy NFTs for less than $500, just to see if normal people or small investors can buy good NFTS or if it was just a scheme to make rich people richer.

 

And in this blog, I am going to tell you how to buy NFTs under $500.

 

Let’s get started.

Contents

1. Use other blockchains

2. Early presale access

3. Get whitelisted


It all started when I recently attempted to purchase NFTs with a maximum budget of $500.
 

OpenSea was the first marketplace that came to my mind.
 

I went to the open sea and looked at a few NFTs projects. There were many good projects that were doing extremely well, but I was looking for something good at an early stage so that I could buy it for a low price and then flip it.
 

So I conducted my own research and then joined the Twitter and Discord channels of a couple of projects that I had shortlisted.
 

I finally chose a low-cost NFT project with a wonderful community and a fantastic team, and I had a great time, so I decided to mint an NFT for myself. If you want to know my recipe you can check this blog where I've written about how to make quick money from NFTs.

But when I tried to complete a transaction for this NFT, I discovered that I would have to pay an additional 50% just for the gas fee, also i have to pay transaction fees.
 

So, I found out that buying a good NFT on the Ethereum blockchain that too under $500 is very very tough.

So, I dug deep into the NFT space and discovered the three best ways to buy NFTs for under $500.

 

Let me share with you,


1. Use other blockchains,

 

use other blockchains


So, When you attempt to mint an NFT project on the Ethereum network, you will encounter extremely high gas fees, making minting NFT projects extremely difficult.
 

This issue was solved by the rest of the blockchain like Cardano and Solana.


Cardano and Solana will provide you with platforms where you can trade very good undervalued NFT projects for far less than you were spending on Ethereum.

 

Now, if you look at Solana, Solana's has some of the best NFT marketplaces like, magic Eden, solanart, solsea, Digital eyes, and metaplex and they are doing a wonderful job, and as a result, Solana has reached the highest weekly trade volume of 160 million in August 2021.

 

 

Cardano, on the other hand, has fantastic marketplaces such as cnft.io, jpg. store, and tokenref.

 


So, all I want to say is that you can shift your focus from eth to Cardano and Solana marketplace, where you can get some of the best NFT projects without spending a lot of money on gas fees. 


now, let's say you got into these blockchains, then what?

This brings us to our second point, which is early presale access.

 

2. Early presale access

 

early presale access


There are several ways for an NFT project to conduct a presale, and you will have to keep yourself up to date to get an entry.


So, how do you do that?


By staying active on social media platforms like Twitter and discord, following some genuine influencer you like, and also by using different Nft presale calendar websites like wencnft, cnftcalender.

 

If you want to know more you can check tools to find the best NFT project here.


There are numerous websites where you can obtain early access to NFT projects.
Now even after finding a new project or a presale, you will need to get yourself whitelisted.


And this is absolutely needed if you want that 5x 10x NFT flips.

 

Also Read: Everything You Need To Know About NFTs

 

3. Whitelisted

 

whitelisted


A whitelist is similar to a VIP list in that if you are on it, you will receive perks, early access, and the ability to purchase NFT at a significantly reduced price.

Now how can you be a part of it?


The first is participating in the giveaways.


If you search giveaway NFTs on Twitter, you will find a plethora of giveaways that are currently taking place on Twitter, as well as on Discord and other social media platforms.


However, your chances of winning those giveaways are one in thousands or one in hundreds, depending on the number of people in the room.


Another option is to enter an invite contest.


Every other NFT project gives you some tasks that you have to do, like inviting people on discord or following an account, etc, and by doing that you can get yourself whitelisted. Some also keep meme competitions or games by which you can get whitelisted.


Finally, the third option is to engage in voice chat.


And it is one of the best and simplest ways to get whitelisted much faster.


Because, when you look at Discord, there are easily 1000 people writing messages at the same time, but when you look at voice chat, there are often only 15 to 20 people in there, and they are all the same people who come and go.


It's also crucial because many administrators and developers enjoy participating in voice chats to interact with their community and learn what they think about the project.


By doing this you can create goodwill with project team members and get yourself whitelisted.


So, these are some methods; if you use them consistently, you will be able to obtain some of the best NFTs on a smaller budget.

 

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