Startup cost: $200 - $5k

Low-end estimate: This budget covers essential costs like setting up a digital wallet (e.g., MetaMask), purchasing a small amount of cryptocurrency (e.g., Ethereum) for transaction fees, and buying a few low-cost NFTs on platforms like OpenSea. It assumes minimal marketing and no additional tools or services. High-end estimate: This includes a more substantial investment in cryptocurrency to purchase higher-value NFTs, professional-grade tools for analytics and market research (e.g., Nansen, Rarity Tools), marketing expenses for promoting NFTs on social media, and possibly hiring a designer for custom NFT creation. It also accounts for potential gas fees, which can be high, and optional subscriptions to NFT communities or courses for learning and networking. Hidden costs might include fluctuating gas fees and platform-specific charges.