The Cheapest NFT Ever Sold: Insights and Strategies

As of my last knowledge update in August 2023, the cheapest NFT ever sold was a piece called "For the most current information on the cheapest NFT sold, you may need to check recent NFT marketplaces or news sources as the NFT space is very dynamic and constantly evolving.

The NFTs themselves are physical representations of transactions on Ethereum. In February 2022, the cheapest Proof of Beauty NFT was selling for 0.03 ETH or approximately $9.0, which highlights the possibility of finding affordable yet valuable NFTs in the market.

Cheap NFTs: Collections and Marketplaces

There are several cheap NFT collections, including Proof of Beauty, which consists of different collections including HASH London Gifts and London Embers. Moreover, there is a popular collection called Cheap NFTs for Sale, created with an artistic vision and different subjects.

Another secret trick that I used to my advantage is Buying 1 for 5 and selling at any cost. In November 2021, I came across a Twitter post stating, "Why buy 1000 NFTs and sell at a loss? Buy 1 for 5 and sell at any cost." This strategy worked for me, as I purchased 10 of their NFTs, which cost me 50 on the Polygon-based collection named "Cheapest NFT Ever". Within weeks, many owners doubled or tripled their money, proving the effectiveness of this approach.

Polygon Network: The Ideal Choice for Affordable NFTs

One of the most promising networks for finding cheap NFTs is the Polygon (Matic Network). This network boasts very low gas fees, efficient transaction speeds, and is currently available on numerous NFT marketplaces, including OpenSea, , and Nifty Gateway.

Before purchasing an NFT, it is crucial to verify that the project team has a presence on social networks and a website. This validation process can help ensure the authenticity and reliability of the NFT project. Many high-priced NFTs on the Ethereum network were once considered cheap just a few years ago, and the same can happen with Polygon NFTs as more artists continue to mint on this network. As of now, Matic is priced around 1$, making it an attractive option for both buyers and sellers.

Conclusion

Exploring the cheapest NFTs is a strategy that can lead to significant gains. Whether you are looking at the Proof of Beauty collection or the Cheap NFTs for Sale collection, understanding the dynamics of the NFT market and the potential for big returns can be incredibly rewarding. By following the insights shared in this article and staying informed about ongoing trends, you can make well-informed decisions and potentially sell your NFTs for a much higher value.