Another day, another milestone for the NFT space. Lazy Lions NFT collection just hit a new all-time high floor price of 3 ETH. With over 4,500 unique owners and one of the strongest communities, the price has rallied significantly over the last week, considering the floor price was still below 2 ETH.
It is remarkable how this NFT collection reached the top rankings in less than two months. And it can go even higher as the project still has yet to launch their play-to-earn game and Lazy Bungalow airdrop, which will happen in the next 24 hours.
We strongly believe in this collection from the get-go, and it is nice to see them get the attention they deserve. For this article, we would like to share some key things that contributed to this massive uptick in growth for the Lazy Lions NFT collection.
Before we dive into the key contributors, let us first understand the collection and what it is trying to build in this space.
Lazy lions are a collection of 10,000 algorithmically generated NFTs with many rare qualities spread across attributes such as background, body, bodygear, earring, eyes, headgear, mouth, and mane. Having over 160 possible traits, each and every Lazy Lion looks special. Holders of these lions get exclusive benefits from joining the VIP community and entering their private island in an undisclosed location.
The collection also consists of many of one NFTs that are selling for thousands of dollars each. Lazy Lions launched on 6th August with an instant reveal drop. It is crazy now to see the mint price was only 0.05 ETH. The collection sold out in less than 5 hours, and the floor price doubled in 48 hours.
After a month of trading, the floor, or the average price of Lazy Lions, was above $2,300. Even though the growth has not been one-directional or direct to the moon, Lazy Lions always showed it was only going higher and higher after each week. The number one indicator for this was the number of unique owners. The team behind this project mainly focussed on building a fine community— as they believe— “project is the community and the community is the project.” Taking into account that they have more than 33K members on the discord server, they have definitely done a great job building a loyal fan base.
Now that all the basic stuff is clear let us jump into some specifics and understand how the Lazy Lions community is consistently hitting new all-time highs, given there was a major correction a few weeks back.
The Lions may be Lazy, but not the team
This collection was founded during the lockdown in Sydney, Australia. The team is dedicated to creating an extensive online community geared towards making a difference in this vast NFT landscape.
The Lazy Lions community is unique, not because they have a huge online presence. But because of their online engagement and active participation from the Kings and Queens of the community.
Ashur, the founder of Lazy Lions, is constantly engaging in group discussions with the members and always looking for ways to involve the community. One of the biggest milestones for this collection is ROARwards. All the Lazy Lion holders can get free awards by uploading their NFT as a Twitter profile picture. It is done through the Ethereum network, and the team promised to cover the gas fees.
The first payout was done on the 10th of September. And the team also wants to explore the Polygon network to reduce gas fees moving forward. With more than 3000 members signed up for this program, it shows how everyone in the community is so committed to the long-term goal. This program is a big milestone because it helps create a DAO in the future. If you want to know more about this program, visit their discord server and select the roarwards-guide channel.
Lazy Lions giveaways are also a major contributor. The team had unique NFTs lined up to increase engagement and online participation. Recently, they announced to give away one NFT worth over 15,000 dollars.
They made rules in such a way that holders had to delist their lions and purchase one off the floor. As a result, we saw more money come in and sweep the floor, sending the price much higher. This NFT will be handed out before 30th September.
Celebrities, Athletes, Entrepreneurs—All Aped in
Similar to Bored Ape Yacht Club and CryptoPunks, Lazy Lions also attracted several top social media influencers, basketball stars, and other well-known entrepreneurs. With millions of followers, these personalities helped in increasing the reach for this NFT collection.
Jake Paul recently joined the Lazy Lions community and helped the floor price blow past 1ETH in less than a day. We also saw basketball players like Seth Curry and Tyrese Haliburton show their Lions on Twitter. Even Dez Bryant and Gary Harris aped in.
Some of the biggest entrepreneurs and founders who are known to be big NFT collectors also joined the party. Hiten Shah, the CEO at Nira, updated his profile picture to what looks like a pretty rare kind of Lazy Lion. Faze Tenser, a famous Twitch streamer, also bought his first Lazy Lions NFT. David Gokhshtein and Brian Evans are also big supporters of this collection.
What’s next for Lazy Lions?
The next step mentioned in the roadmap is Lazy Bungalows. This is the last drop before the team releases the play-to-earn game. Every Lion owner will receive a banner image NFT featuring their own private bungalow. It is a free airdrop, and holders only need to pay for the gas. There are over 100 traits available, so the NFTs will look different for each Lazy Lion.
This collection is a step forward in the entire NFT space because we have not seen two collections being built on the smart contract that has the ability to record the link for other NFTs. As it showcases multiple NFTs, it opens up new opportunities for other collections as well. Owners will get one free bungalow for every Lazy Lion, and they can claim after the public presale. The gas fee will be low as they have one week to redeem their free NFT.
The team also said they would launch a DApp after the drop to make it easier to use on a computer or phone. For non-holders of Lazy Lions, there will be 1500 bungalows available for 0.3 ETH each.
Lazy Lions is, for sure, one hell of a collection. And it is mainly because of the community the team has built in the last two months. Even when there was a lot of uncertainty in the markets, holders didn’t seem to sell off their NFTs. Instead, the collection added more unique wallets. With such a unique distribution, the price grew slowly for an extended time, and now, it is running like crazy. This shows us that small collections that have a strong community and a team whose main goal is to incentivize holders— will succeed in building a sustainable NFT project.
Explore more about Lazy Lions:
Discord Server– 33,900 Members
Twitter– 30,000 Followers
Born and brought up in India, Karthikeya Gutta is a crypto journalist and freelance contributor for ItsBlockchain. He covers various aspects of the industry with in-depth analysis and research. His passion towards blockchain and crypto ecosystem is mainly because he believes it can really change the world and help millions of people.
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