There are already thousands of NFT projects for investors to choose from, so for a new investor just starting to explore the world of NFTs, in this post we compile a list of the top five NFTs you can buy under $500.
2021 was largely the year of the NFTs: according to an industry report by DappRadar, the NFT industry generated over $23 billion in trading volume in 2021. With celebrities like Jimmy Fallon, Jay-Z, and Justin Bieber getting on the NFT bandwagon, many mainstream investors are growing interested in the potential of non-fungible tokens lately.
While digital art is to date the most well-received form of NFTs, with the emergence of the metaverse, use cases of non-fungible tokens are growing diverse and numerous. Notable among them are NFT games, NFT-based music streaming, and trading cards. Indeed, there are now thousands of NFT projects for investors to choose from, with yet more launching every day. For a new investor just starting to explore the world of NFTs, in this post we compiled a list of the top five NFTs you can buy under $500.
The Visitors of ImmaDegen is a collection of 9,999 programmatically generated, full 3D figures in the form of ERC-721 tokens that are hosted on IPFS. Every VOID purchased provides the user full commercial rights, along with a downloadable, fully-rigged 3D avatar that can be used for many things in the metaverse according to the user’s choices. For instance, some Twitter users have made gameplays of GTA with the VOIDs they own.
The team behind VOID has also created another collection of 9,999 full 3D NFTs named the WynLambo- made to be the nemesis to the VOID. 2480 of these WynLambo NFTs have been claimed by users who own VOID tokens.
Notably, the VOID tokens are made to be integrated with the Somnimum Space metaverse- which is a virtual reality world created on top of the Ethereum blockchain. VOID holders can use their avatars on Somnium to explore the world built by the VOID makers, and they can even purchase additional features and import all NFTs compatible with the platform.
The VOIDverse community is already made up of innovative, loyal users who can help simplify the VOID experience for new users and make it enjoyable. There are also many interactive events hosted (such as art contests and giveaways). Additionally, to help new users understand Somnium Space, the community has created a separate Discord channel that explains how to import NFTs one owns to a virtual world.
Avarik Saga is the first-ever retro J-RPG game in the NFT space. Merging art and cryptography, Avarik Saga creates a fantasy world, and brings 8,888 unique NFTs. Players typically start the game with three of the Avarik Saga NFTs, and go on to participate in dungeon raids, battle other players, take part in faction wars, collect resources, and perform many other such activities.
Along with attracting experienced blockchain gamers, Avarik Saga aims to introduce blockchain gaming to a whole new bunch of users. The P2E (play-to-earn) game lets players gain rewards in several ways, such as:
- Recruiting new Avariks and selling them on the marketplace
- Competing and winning tournaments hosted in the Avarik Saga universe
- Collecting legendary or rare Avariks
- Farming the utility token of Avarik Saga universe ($VORTEM) to recruit and upgrade Avariks
The aforementioned VORTEM token is the in-game currency in the Avarik Saga universe that users need to:
- Upgrade features like weapons and armors
- Purchase in-game ingredients used in upgrading weapons and armors
- Recruit new Avariks by paying the fee
- Upgrade the skill points of an Avarik
Note that these tokens are burned after being used, so as to stabilize inflation. A user can earn VORTEM tokens through three primary ways, which are:
- Playing the game through the different battle modes (from PvE to PvP)
- Users will also be able to buy VORTEM tokens directly from various exchange platforms in the near future
Aside from VORTEM, the Avarik Saga universe will develop the AVRK token as an ERC 20 governance token. As opposed to the VORTEM token- which has an unlimited supply, the supply of AVRK tokens will be capped at 500 Million. Usage of AVRK tokens will include voting rights, transaction fees, recruiting fee of new Avariks etc. AVRK tokens can be acquired in several ways, namely:
- Staking rewards when staking the $AVRK Token
- As rewards throughout the game
- Participating in governance votes to drive the game forward
We Are Kloud is a 5,000 music NFT collection by KLOUD and Alex Hooker, and it is curated by Soundmint. Soundmint is backed by a team of industry leaders in sectors such as music, crypto, NFTs, and marketing, and aims to work with rising NFT music-focused artists to enhance their brand. The platform plans to facilitate collaborations between musicians, visual artists, and collectors, and to redefine the experience of enjoying music into a more immersive metaverse experience with endless possibilities.
With We Are Kloud, Soundmint aims to create a new art medium for musical compositions through generative content saved immutably on top of the Ethereum blockchain. As Soundmint founder Paris Blohm explains the benefits of this: “Typically, when you create a song or a musical piece, you’re bound to what you’re releasing because you must stick with one final version. But when you’re creating stems for a generative project, you’re creating variation after variation with a more extensive consideration of the idea of limitless combinations”.
Soundmint allows musicians to render their final combination of stems into an NFT collection that brings together music properties into unique and independent musical art pieces. What’s more, the acoustic properties of these musical art pieces are then also algorithmically combined into music loops and subsequently mapped to unique visual art pieces which symbolize the general theme and emotion of the entire collection. So essentially, once an artist passes on their stems, their work will enter a liminal space where musical properties will be algorithmically combined and then mapped with visual assets so as to create a collection of unique audiovisual artworks.
For every music piece, SoundMint will create characters or imagery with interchangeable traits (such as different eyes, body shape, and background colors). Each of these distinct visual characteristics will map the specific musical components, like drums, basslines, chords, vocals, percussions, and effects.
In the future, Soundmint plans to give their NFT collectors the creative freedom of purchasing their favorite music art pieces and then deconstructing and burning the stems within each piece, so as to recombine them into a whole new art piece.
Non Fungible People is a NFT collection of 8,888 hyper-realistic 3D avatars that have been designed to represent women and non-binary people from all walks of life. Just like no two real-life people are the same, this NFT collection created by Daz 3D aims to highlight that no two characters are the same. Each of these non fungible 3D figures have their own unique qualities and characteristics that are all photorealistically rendered.
Each of the non fungible people NFTs are built to be used across the metaverse. You can have complete ownership over your NFP (save for selling their individual 3D components). You get to animate and accessorize your NFP in easy-to-use 3D software (such as Blender, Unreal, Unity, and Daz Studio), use your NFP as your avatar in video calls with motion capture technology, and export the NFT to other compatible 3D programs.
Game Disease is an NFT collection of 9,999 unique PFP collectibles on the Ethereum blockchain, created by the Argentine trio of 3D artists- Darío Vilanova aka Oxeegeno, Frenetik Void, and Milton Sanz. The artists have explored the dark side of gaming with satirical humor in their artworks, which are defined by their creepiness, and the intense post-apocalyptic landscapes.
The platform allows users complete ownership of their GD or Game Disease tokens. GD NFT holders can also collect, trade, and transfer various digital assets like special items and weapons, and take part in battles and any other form of transmissions with other users.
And there was the list of top five NFTs you can buy under $500, as of mid-February 2022. The world of NFTs is still developing with newer, innovative additions every day. It’s only natural to expect that all of these projects might not pull through. Therefore, if you are curious about the potential of NFTs and want to start participating in NFT investments, any of the five projects mentioned above would be a great place to start, since none require you to invest a great amount at the very beginning.
Good luck with your investments!
Disclaimer: The author is holding NFTs mentioned in the list. It’s not financial advice, use the information mentioned in the article for research purposes.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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