How can I buy NFTs on a budget?

3 answers

• Dec 16, 2021 · 3 years ago
  One strategy for buying NFTs on a budget is to focus on emerging artists or lesser-known projects. These NFTs often have lower prices compared to those from established artists or popular collections. Keep an eye on platforms like OpenSea or Rarible, where you can find a wide range of NFTs at different price points. Additionally, consider participating in NFT drops or auctions, as they sometimes offer more affordable options. Remember to do your research and verify the authenticity and value of the NFT before making a purchase.
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• Dec 16, 2021 · 3 years ago
  If you're on a budget, consider exploring NFT marketplaces that offer fractional ownership. This allows you to buy a fraction of an NFT, reducing the upfront cost. Fractional ownership platforms like Fractional.art or NIFTEX provide opportunities to invest in high-value NFTs without breaking the bank. Another option is to look for NFTs that offer utility or benefits beyond just ownership, such as access to exclusive content or events. These types of NFTs may have lower prices but still provide value to the buyer.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular decentralized exchange, offers a unique feature called 'NFT lending' that can help you buy NFTs on a budget. With NFT lending, you can borrow the NFT you want to buy and pay back the loan over time. This allows you to enjoy the benefits of owning an NFT without the upfront cost. However, make sure to read and understand the terms and conditions of the lending platform before proceeding. Remember, always be cautious and do your due diligence when engaging in any financial transactions.
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