Non-Fungible Tokens, often known as NFTs, were the topic du jour in 2021, and it doesn’t appear that the commotion they caused will abate any time in the near future. NFTs, on the other hand, have a completely different story to tell, despite the fact that the majority of major cryptocurrencies have been in a downward trend since the year 2022 began. NFTs have had a strong start to the year 2022, surpassing 4 billion in sales and seeing a volume growth of 50 percent in just the past 30 days. NFTs are a type of cryptographic asset that may be found on a blockchain. Each NFT has its own unique identification number and metadata that is very specific to it. Because each NFT possesses its own unique set of properties, it is impossible to trade one for another in a 1:1 ratio. Therefore, non-fungible tokens are distinct from other fungible tokens, such as cryptocurrencies, which are interchangeable and function as a means of exchange for a variety of business dealings.
Because of its unique construction, there are a number of different applications that could be developed for cryptographic tokens like NFTs. NFTs are a good example of a technology that is ideally suited for the virtual depiction of tangible things such as real estate and artwork, for instance. Due to the fact that NFTs are based on blockchain technology, they eliminate the need for intermediaries and directly connect fans with the artists they admire, thereby streamlining transactions and creating new ecosystems. Despite all of the possible applications, the majority of the excitement surrounding NFT is focused on digital collectibles such as digital artwork, sports cards, and pfp collections. Collectors are spending millions of dollars for these digital pixels, and Beeple just sold his most expensive piece of art, “Everyday – The First 5000 Days,” at Christie’s auction for an astounding $69 million. These staggering figures help to propel the expansion of NFT art even further, and day by day, more and more people and organizations are getting involved.
When it comes to digital art NFTs, numerous generative pfp collections, such as CryptoPunks and Bored Ape Yacht Club, are also garnering tremendous popularity. The most common application for these NFTs is to be used as profile pictures, just like a lot of famous people do, including Serena Williams, Snoop Dogg, Eminem, Jimmy Fallon, Amber Rose, Ashton Kutcher, and so on and so forth. One such generative PFP collection is called the Lazy Lions, and it is comprised of a variety of vividly colored lions that each have their own own characteristics and accoutrements. In today’s Lazy Lions NFT review here at NiftyHype, we will walk you through all the information that you need to know in order to make an informed decision regarding this NFT collection.
What exactly are NFTs from the Lazy Lion?
The Lazy Lions NFT is a collection of 10,000 randomly generated NFTs with over 160 unique characteristics, including as eyes, mane, attire, headgear, and expression, among other things. It is a blue-chip non-fungible token that is housed on the Ethereum blockchain and is gaining more and more popularity as a blue-chip non-fungible token among NFT fans. After only a short period of time, the Lazy Lions have made their way into the top tier of NFT collections, joining the likes of the CryptoPunks and the Bored Ape Yacht Club.
The entire collection was sold out within just five hours of the introduction, and there were between three thousand and four thousand people that participated in the sale. The first auction brought in close to $1.5 million, with the most valuable Lazy Lion NFTs selling for $50,000 each. The primary objective of Lazy Lions, which is a community-focused project, is to enable individuals to enter the NFT sector and prosper while doing so. The commitment of the team to putting on events that are beneficial to the community is evidence of the efforts that are being made to accomplish that objective. On October 11, 2021, the most expensive Lazy Lions NFT was sold for a price equivalent to about $350,000 (99 ETH).
The Group That Makes Up Lazy Lions
During the lockdown in the NFT market, four Australian friends from Sydney put in a lot of effort to try their luck in the market and eventually came up with the idea for The Lazy Lions. The cultural heritage of the company’s founders served as the primary source of creativity for the company’s launch on August 7, 2021. In Assyrian culture, the lion is a symbol of royal authority. Because of their status as the monarchs of the jungle, lions have always been a popular subject for artists all over the world. rizzio.eth is responsible for the one-of-a-kind hand-drawn artwork, and the team also consists of the following individuals: Anlion, Ashur, Nin, and Nine.
Community of Slobbering Lions
The founders of The Lazy Lions initially envisioned it as a community-driven project, and up to this point, the developers have exerted a significant amount of effort on extending and sustaining the network. Ashur explained it best when he said, “For us, the project is the community, and the community is the project.” It should come as no surprise that they have approximately 150,000 members on their Discord servers and more than 80,000 followers on Twitter given the amount of passion they have shown toward their work. You can always find their creators engaging in conversation with the community, which is one of the reasons why their Twitter engagement has surpassed 100 million impressions each week.
You might be surprised to learn that casual cryptocurrency aficionados are not the only one who have given in to the Lazy Lions fad. After Jake Paul’s purchase of ten lions, which caused the floor price to spike to 1 ETH, numerous celebrities and NBA players have expressed interest in this pfp NFT project. Jake Paul was the first to do so. Basketball greats such as Seth Curry and Tyrese Haliburton, as well as business leaders such as Hiten Shah, have been vocal supporters of the Lazy Lions from the team’s inception.
Lazy Lions Roadmap
• 0%: The launch of Private Island
• Twenty percent: the debut of the Community Wallet
• A price reduction of sixty percent on all Lazy Lions merchandise
• Eighty percent: Introduction of the Lazy Lions Bungalow
• Launch of the Lazy Lions game, achieving 100% completion
Advantages of Being an Owner of a Lazy Lions NFT
The Lazy Lions NFT initiative is a shining example of how to achieve success through the cultivation of a strong community and the provision of charitable contributions. Members have a spirit of equality and inclusivity toward one another, hence they refer to each other as Kings and Queens. In addition, the developers have established a community fund so that they may continue to improve the overall experience for the members and take on new projects. As a bearer of a Lazy Lion, you are entitled to additional perks, including the following:
1. Roaring ahead
One of the reasons why Lazy Lions became so famous in its early phases was because of the Roarwards minigame. Each and every bearer of Lazy Lion has the opportunity to earn Ethereum rewards based on their participation in the community surrounding this program. The organization behind Lazy Lions provides holders with a variety of monthly activities to do in order to be considered for prizes. Connecting your Ethereum wallet and joining in to your Discord or Twitter account are the only two steps required to sign up. The group came to the conclusion that the best strategy for marketing the project would be to reward members of the community and not to hire any celebrities or other influential people to perform the marketing for the initiative. Their method has been met with a great deal of approval from members of the community, which distinguishes it from other projects that only sometimes provide anything useful to the community.
2. Bungalows
The Bungalows decentralized application was introduced by the Lazy Lions development team in September 2021. It provided Lazy Lion holders with a Bungalow on the Lazy Lions Private Island where they could showcase their digital assets. The owners of these Bungalows can also display their other collectibles, such as Lazy Lions and NFTs from other collections, by using an image of the Bungalow as a banner for their Twitter handle. By randomly combining 100 different qualities, 9,600 one-of-a-kind Bungalows are produced as a result. They stated in one of their blog entries that the Bungalows decentralized application (dApp) provides a new avenue for their advances in the metaverse, and that it demonstrates how the team is dedicated to bringing about breakthroughs.
3. Lazy Lions Collectibles
After the popularity of Lazy Lions, the creators decided to start the Lazy Lions Collectibles project as a method for people who are unfamiliar with NFTs to participate in the community and feel like they belong there. Users were not required to pay anything out of their own wallet in order to access the new collection. Instead, they used the community’s engagement as the basis for the airdrop.
4. A Private Island Located Within the Metaverse’s Sandbox
The Lazy Lions team has established an exclusive island in the metaverse by investing in The Sandbox LAND and claiming it as their own using the money provided by the developers. Holders are granted access to this private island in order to participate in a virtual environment, and in the future, it will be utilized to investigate the potential of Lazy Lions within Web3.
How do I buy and sell non-fungible tokens of the Lazy Lions?
Even though OpenSea is the most popular marketplace for trading NFTs at the moment, you can cut down on the fees you pay by transacting in other marketplaces like LooksRare and Rarible instead. To begin, you will have to link your cryptocurrency wallet to the particular market that you intend to use. We strongly suggest that you use the MetaMask wallet because it is currently the digital wallet that is both the most popular and safe option. In order to identify the NFT that is most suitable for you in the marketplace, you can reduce the search results by using a variety of filters. There are a variety of criteria that you can use in your search, including the following:
Ethereum, Polygon, and Klatyn are some examples of chains.
Status: For Sale, Currently Being Auctioned, and Taking Offers
Choose the appropriate price range here.
Choose the characteristics you want for your character, such as their body gear, eyes, lips, background, and more.
You should also check that you are on the official Lazy Lions page on the market. This is an additional precaution to take. This is done to ensure that you are paying for an authentic Lazy Lions NFT rather than one of the many fake NFTs that are currently available.
Sales and Inventory Volume Statistics for Lazy Lions
Features of the Lazy Lions NFT:
• Floor Price: 1.45 ETH
• Total Volume: 25.8K ETH
• The record sale was for $350,000.
• Owners: 5,000
• Number of Items in Collection: 10,000
• There are 146,200 people using Discord.
As soon as the collection was released to the public, there was a dramatic increase in the average selling price. This was driven by both organic growth and a variety of well-known individuals joining the Lazy Lions group. Early in the month of September, the entertainer Ja Rule became a member of the pride, shortly followed by the YouTube sensation Jake Paul and the well-known NBA player Tyrese Haliburton. Even the parent company of Arizona Ice Tea became a member of the group in September. On October 1, 2021, as a result of all of these variables, the Floor Price reached a new all-time high of 3.67 ETH, making it the highest it has ever been for the project. Since October, when the bear market for NFTs began, the floor price of Lazy Lions has been steadily going down. But the floor price has remained unchanged at 1 ETH despite reaching an all-time low in December, and it has been gradually climbing back up since January. Given the amount of utility that Lazy Lions NFTs bring with them, the current price gives new investors with a wonderful entry point in this incredible enterprise.
Lazy Lions Partners
Because Lazy Lions has worked with several well-known companies in the cryptocurrency industry, the value of their asset, which may be invested in, has increased even further. Let’s have a look at the many collaborators:
1. The Coinbase
Coinbase, which began operations in June 2012, is widely regarded as the best platform for investors to use when purchasing and selling cryptocurrencies. Coinbase makes purchasing cryptocurrency as simple as purchasing anything else through an online brokerage service. Coinbase supports a wide variety of cryptocurrencies.
2. Polygon
Polygon is an open-source, decentralized Layer 2 scaling platform for Ethereum that makes Web3 accessible to everyone. Polygon makes it simple for developers to create decentralized applications that are scalable and friendly to end users, with low transaction fees and a high level of industry security. It is proud of the fact that it was created by developers specifically for other developers. Polygon has been used to improve the performance of over 7000 different decentralized applications.
3. Chainlink
Chainlink is an open-source decentralized blockchain oracle network that was developed on Ethereum. It allows for the safe movement of data between smart contracts that are off-chain and those that are on-chain.
4. The site Uniqly.io
Uniqly.io closes the gap between the real and virtual worlds with the release of its Wearables 3.0 platform. They have developed the first NFT that enables users to purchase and sell real-world clothing as well as a variety of items that may be worn in the metaverse.
The Prospects for the Lazy Lions
Following the launch of Lazy Lions, there has been a consistent rise in the number of people participating in the online community as well as sales of the game itself. At the time that this article was being written, Lazy Lions boasted of having approximately 150,000 members of their Discord server and more than 80,000 followers on Twitter. The Lazy Lions community is well-established and anxious to get their hands on these premium vivid NFTs for the purposes of trade and collecting. The holders have access to an additional source of revenue in the form of the play-to-earn games that are given by the developers. However, the makers of the play-to-earn game have stated that in order for them to issue an ERC-20 token for the game, there must first be a viable application for the token. One of the most lucrative non-fungible token (NFT) projects that is still being actively traded months after its inception is the Lazy Lions collection. Lazy Lions are the ideal pfp NFTs for you to add to your collection because they have an established roadmap, a supportive community, and a variety of intriguing benefits for holders.
Profile image In this ever-expanding NFT field, there is a consistent trend of NFTs, and the majority of the credit for this trend goes to CryptoPunks, the pioneer of the generative NFT sector. Twitter, Reddit, Facebook, and Instagram are among the most popular social media platforms, and each of these sites is striving to authenticate pfp NFTs and enable users to use them as profile images. These new developments point to the continued increase in sales number and volume of pfp collectibles like Lazy Lions. As the creation of the metaverse nears its conclusion, initiatives like as Lazy Lions have the potential to gain major traction in the virtual world. In this realm, you can display your NFTs by using an avatar that represents you.
Check out the article titled “Top 11 Generative Avatar Projects You Must Follow in 2022” if you are interested in learning about other generative pfp projects. These projects could be used for trade or for personal use. We have done the legwork for you and researched the top 11 free and open source software (NFT) projects. In addition to this, you will be able to acquire the knowledge necessary to ascertain whether or not a project has the potential to be successful. However, a large number of con artists have made their way into the realm of NFTs in order to gain quick money.
