Lazy Lions Review: Everything You Need To Know

NFTs or Non-Fungible Tokens was the talk of the year in 2021, and the storm it raged doesn't seem like settling down anytime soon. As we entered 2022, all major cryptocurrencies have been experiencing a continuous downtrend, but NFTs have a different story to tell. NFTs entered 2022 with a bang crossing 4 billion in sales and a 50% increase in volume alone in the last 30 days. NFTs are cryptographic assets on the blockchain with unique identification codes and specific metadata that make them different. Due to the distinct characteristics of each token, NFTs can not be exchanged at equivalency. Thus, NFTs are different from other fungible tokens like cryptocurrencies that are identical and used as a medium of various commercial transactions. 

With NFTs being distinctly constructed, there are several potential use cases for these cryptographic tokens. For example, NFTs are the ideal technology for the virtual representation of physical assets such as real estate and artwork. Being based on the blockchain, NFTs also remove intermediaries and directly connect fans with their favourite artists, simplifying transactions and building new ecosystems. Most NFT hype centres around digital collectibles like digital artwork, sports cards, and pfp collections despite all the potential applications. Collectors are paying millions of dollars for these digital pixels, with Beeple selling his most expensive art, "Everyday - The First 5000 Days," for a whopping $69 million at Christie's auction. These sky-touching numbers fuel the growth of NFT art even further, and more and more individuals and organizations are joining the fray every day. 

Talking about digital art NFTs, numerous generative pfp collections are also gaining massive popularity, like CryptoPunks and Bored Ape Yacht Club. The typical use case for these NFTs is using them as a profile picture just like many celebrities do, like Serena Williams, Snoop Dogg, Eminem, Jimmy Fallon, Amber Rose, Ashton Kutcher, and the list goes on. One such generative pfp collection is the Lazy Lions, composed of brightly coloured lions with different features and accessories. Today's Lazy Lions NFT review at NiftyHype will take you through all the details that you need to know about this NFT collection.

What are Lazy Lion NFTs?

The Lazy Lions NFT is a collection of 10,000 randomly generated NFTs with more than 160 different traits like eyes, mane, clothing, headgear, expression, and so on. It is hosted on the Ethereum blockchain and is becoming increasingly popular as a blue-chip NFT among NFT enthusiasts. Within a short time, the Lazy Lions have joined the ranks of leading NFT collections such as CryptoPunks and Bored Ape Yacht Club. 

The entire collection sold out within just 5 hours of launch, with 3000-4000 participants in the sale. The initial sale generated nearly $1.5 million, with the most valuable Lazy Lion NFTs going up for $50,000. As a community-focused project, Lazy Lions' main goal is to empower people to enter the NFT space and thrive in it. The efforts to achieve that goal can be noticed in the team's dedication to organizing events to give back to the community. The most expensive Lazy Lions NFT sold for almost $350,000 (99 ETH) on October 11, 2021. 

The Team Behind Lazy Lions

The Lazy Lions result from the hard work of four Australian friends from Sydney, who were trying their hand in the NFT market during the lockdown. It was launched on August 7, 2021, inspired by the founders' cultural background, with the lion representing royal power from the Assyrian society. Apart from their culture, lions also have a worldwide artistic appeal since they are jungle kings. The unique hand-drawn art is created by rizzio.eth, and the team has four other members: Anlion, Ashur, Nin, and Nine. 

Lazy Lions Community

The Lazy Lions' founders presented it as a community-driven project, and so far, the developers have put in great efforts for maintaining and expanding the network. According to Ashur, "For us, the project is the community, and the community is the project." With so much dedication, it is no surprise that they have almost 150,000 members on their Discord servers and more than 80,000 followers on Twitter. You will find their developers constantly interacting with the community, resulting in Twitter engagement crossing 100 million impressions weekly. 

You would be surprised that it's not only everyday crypto enthusiasts who give in to the Lazy Lions craze. Starting with Jake Paul, who bought ten lions resulting in the floor price jump to 1 ETH, many celebrities and NBA players are also interested in this pfp NFT project. Basketball legends like Seth Curry and Tyrese Haliburton and entrepreneurs like Hiten Shah also actively onboarded the Lazy Lions bandwagon. 

Lazy Lions Roadmap

• 0%: Private Island launch
• 20%: Community Wallet launch
• 60%: Lazy Lions Merch drop at discounted price
• 80%: Launch of Lazy Lions Bungalow
• 100%: Launch of the Lazy Lions game
  

Benefits of Owning a Lazy Lions NFT

The Lazy Lions NFT project is the perfect example of success by building a solid community and giving back. Members refer to each other as Kings and Queens, with a sense of equality and inclusivity. The developers have also established a community fund to enhance the experience of the members further and take on future developments. Some added benefits that you get as a Lazy Lion holder are:

1. Roarwards

Roarwards was one of the reasons why Lazy Lions became so popular in its early stages. Every Lazy Lion holder could earn Ethereum rewards based on their community engagement in this program. The Lazy Lions team sets different monthly tasks for holders to become eligible for prizes. Signing up is as easy as connecting your Ethereum wallet and logging in to your Discord or Twitter. Instead of paying any celebrity or influencers to do marketing for the project, the team decided to go with community marketing and reward the community members instead. Their approach has received a lot of positive feedback from the community, setting it apart from other projects that rarely give back to the community.

2. Bungalows

In September 2021, the Lazy Lions team launched the Bungalows dApp, which gave the Lazy Lion holders a Bungalow on the Lazy Lions Private Island for displaying their digital assets. Owners can also use these Bungalows as a banner image for their Twitter handle and show off their Lazy Lions and NFTs from other collections. 9,600 unique Bungalows are randomly generated by mixing 100 unique characteristics. They wrote in one of their blog posts that the Bungalows dApp opens a new path for their developments in the metaverse, and it shows how the team is dedicated to bringing innovations.

3. Lazy Lions Collectibles

After the success of Lazy Lions, the developers launched the Lazy Lions Collectibles project as a way for people new to NFTs to be a part of the community. The new collection didn't require users to shell out anything from their pockets. Instead, they airdropped it based on community participation. 

4. Private Island Inside The Sandbox Metaverse

Using the developers' funds, the Lazy Lions team has invested in The Sandbox LAND and created an exclusive island in the metaverse. Holders can access this private island to experience a virtual world, and later it will be used to explore the possibilities of Lazy Lions in Web3. 

How to Buy and Sell Lazy Lions NFTs?

While OpenSea is currently the largest marketplace for NFTs, you can save yourself some fees by trading in marketplaces like LooksRare and Rarible. First, you need to connect your crypto wallet to the marketplace of your choice. We recommend you to use the MetaMask wallet as it is the most popular and secure digital wallet available. You can narrow the search results with various filters to find the NFT best suited for you in the marketplace. There are some different criteria that you can include in your search:

Chains: Ethereum, Polygon, Klatyn

Status: For Sale, On Auction, Offers

Price: Select your Price Range

Traits: Select your desired features like body gear, eyes, mouth, background, and more

Another thing to ensure is that you are on the verified Lazy Lions page on the marketplace. This is to make sure that you are paying for a genuine Lazy Lions NFT and not one among the fake NFTs out there. 

The Official Marketplace Links

Opensea: https://opensea.io/collection/lazy-lions

LooksRare: https://looksrare.org/collections/0x8943C7bAC1914C9A7ABa750Bf2B6B09Fd21037E0

Rarible: https://rarible.com/collection/0x8943c7bac1914c9a7aba750bf2b6b09fd21037e0/items

Check out our guide: 7 NFT Tools You Need to Trade Like a Pro if you can't decide which NFT to get.

Lazy Lions Sales and Volume Statistics

Lazy Lions NFT Features:

• Floor Price: 1.45 ETH
• Total Volume: 25.8K ETH
• Highest Sale: $350K
• Owners: 5,000
• Collection Size: 10,000
• Discord: 146,200 members

Soon after the collection launch, the average selling price went up steeply, boosted by organic growth and various high-profile names joining the Lazy Lions community. Entertainer Ja Rule joined the pride in early September, followed by the YouTube celebrity Jake Paul and Tyrese Haliburton, the famous NBA player. Even Arizona Ice Tea's parent brand joined the community in September. All these factors pushed the Floor Price as high as 3.67 ETH on October 1, 2021, marking the all-time high of the project. Since October, the Lazy Lions floor price gradually declined as NFTs entered the bear market. But, the floor price held firm at 1 ETH (all-time low in December) and has been recovering slowly since January. The current price presents new investors a great entry point in this incredible project, given the amount of utility Lazy Lions NFTs bring with them.

Lazy Lions Partners

Lazy Lions have partnered with some prominent names in the crypto space, thus increasing their value even more as an investable asset. Let's have a look at the partners:

1. Coinbase

Founded back in June 2012, Coinbase is the go-to platform for investors to buy and sell cryptocurrency. Using Coinbase to buy crypto is as easy as buying something through an online brokerage service, supporting many cryptos. 

2. Polygon

Polygon is a decentralized Layer 2 scaling platform for Ethereum that brings Web3 to all. Polygon makes it easy for developers to build scalable and user-friendly dApps with minimal transaction fees and high industry security. It takes pride in being produced by the developers for the developers. More than 7000 dApps have utilized Polygon to enhance their performance. 

3. Chainlink

Built on Ethereum, Chainlink is a decentralized blockchain oracle network. It provides tamper-proof transfer of data from off-chain to on-chain smart contracts. 

4. Uniqly.io

With its Wearables 3.0, Uniqly.io bridges the gap between the real and virtual worlds. They have created the first NFT that allows users to buy and sell actual world outfits and various metaverse wearables.

Future of Lazy Lions

Since the release of Lazy Lions, it has witnessed a steady increase in sales, the number of community members, and online engagement. When writing this article, Lazy Lions boasts of almost 150k Discord members and more than 80k followers on Twitter. Lazy Lions has a well-established community eager to get their hands on these premium vibrant NFTs for trading and collecting. The play-to-earn games provided by the developers are an added source of income to the holders. However, the developers have announced that they will only release an ERC-20 token for the play-to-earn game if there is a sound utility. The Lazy Lions collection is one of the most lucrative NFT projects still being actively traded months after launch. With a set roadmap, good community, and exciting rewards for holders, Lazy Lions are the perfect pfp NFTs that you can add to your collection. 

Profile picture NFTs is a constant trend in this growing NFT space, and most of the credits go to CryptoPunks - the forerunner of the generative NFT space. Popular social media platforms like Twitter, Reddit, Facebook, and Instagram are working on verifying pfp NFTs and enabling using them as profile pictures. These developments indicate the further rise of pfp collectibles like Lazy Lions in sales number and volume. With the development of the metaverse almost coming to an end, projects like Lazy Lions can gain significant traction in the virtual world, where you can show off your NFTs as your avatar.