Lazy Lions NFTs: The Complete Guide
June 24, 2022 - 15 min read
Lazy Lions NFT Prices, Backstory, Purchase Options, Rewards, and Project Roadmap
NFTs have never been more popular, and Lazy Lions is currently one of the most popular NFT collections on the market today. As of mid-2022, Lazy Lions was listed as the 78th highest-priced NFT collection by floor cap, at over $6,300 ETH, or more than $10 million. For reference, a floor cap takes the floor price of an NFT collection and multiplies it by all NFTs in the collection to create an aggregate project price, much like the market cap of a cryptocurrency or stock.
Lazy Lions was inspired by the Bored Ape Yacht Club (BAYC), and, like the BAYC, it mainly runs on the Ethereum blockchain and is most prominently available on the NFT marketplace OpenSea. Due to their sustained popularity, some consider Lazy Lions NFTs to be “blue-chip” NFTs; in essence, NFTs with a brand so large and engaged that they will be able to sustain high floor prices even through market downturns.
In this article, we’ll review everything you need to know about the Lazy Lions NFT collection, including what it is, how it started, where to purchase one, and what the future of the collection holds.
What Exactly is the Lazy Lion NFT Collection?
The Lazy Lion NFT collection is a collection of 10,000 unique NFTs. Like the Bored Ape Yacht Club, the Lazy Lions are generative NFTs, meaning that they are generated by a computer algorithm programmed with a series of potential visual traits. In the case of Lazy Lions, 160 independent traits exist, including facial expressions, manes, clothing types, hats, cigarettes or pipes, skin colors, glasses, jewelry, and more.
Specifically, the project has:
- 36 variations of Manes
- 26 variations of Mouths
- 22 variations of Eyes
- 19 variations of Headgear
- 15 variations of Backgrounds
- 24 variations of Body Gears
- 7 variations of Earrings
Each Lazy Lion NFT is available as a high resolution, 10,000px by 10,000px JPEGs. This permits owners to display their NFTs on large screens or print large, high-definition copies of their NFTs.
It should be noted that, in addition to Ethereum, Lazy Lion NFTs are available on chains including Polygon and Klatyn. For reference, Polygon is a popular Ethereum Layer-2, which provides scalability via lower gas prices and higher transaction speeds, while Klaytn is an open-source, Ethereum equivalent, Layer-1 public blockchain focused on scaling metaverse applications.
How Did Lazy Lions Start?
Lazy Lions was started in mid-2021 by a group of Australian artists and developers, led by the artist Ashur, as well as his partners Alion, Nin, and Nine. The lions themselves, however, were mainly designed by another team member, artist Alberto Rizzo (also known as rizzio.eth). The lions were initially inspired by the Assyrian background of the project’s members, as the lion is an iconic symbol in Assyrian culture. In addition, the project was inspired by lions’ worldwide reputation of being “kings” and “queens” of the jungle.
The creators also reportedly wanted to create a powerful image of hope during some of the darkest days of the nationwide lockdowns in Australia, which were among the most severe of any developed country. Since people had to remain at a far distance in the real world, Ashur wanted to create a sense of closeness in the metaverse.
Inspired by the blockbuster NFT projects Bored Ape Yacht Club and Cryptopunks, Ashur wanted to create something similar, yet different, with more atypical traits. Like BAYC and Cryptopunk NFTs, Lazy Lions were designed to also be used as PFPs (profile pictures) for owners particularly enthusiastic about the project.
From the very beginning, Ashur wanted to create a community, and his hopes have succeeded wildly. Since its inception, the project has quickly grown a massive presence on nearly all major social media platforms, with its main focus being on Twitter and Discord. The project has emphasized community ownership, which means that each NFT owner fully owns the IP of their individual NFT.
The project has also emphasized long-term growth over quick pumps, with founder Ashur saying that “roars > floors,” indicating that community participation and engagement are more important to them than rapid price increases. In addition, over time, Ashur and his team have handed over more power to the community, which can now vote on the future of the project.
How Did Lazy Lions Become Popular?
Unlike some NFT projects, which take time to blow up, Lazy Lions started incredibly strong. Out of the initial 10,000 lions, between 3,000 and 4,000 NFTs were sold in the first five hours alone, earning the project a total of around $1.5 million.
Lazy Lions experienced its first true floor price jump to 1 ETH after influencer Jake Paul purchased ten lions and publicly expressed his interest in the project. By September 16th, 2021, the price floor had risen to more than $2,000, with the priciest Lazy Lion NFT up to that point having been traded for around $50,000. The most precious Lazy Lion NFT of all time sold for 99 ETH ($350,000 at the time of sale) on October 11th, 2021.
In addition to Jake Paul, several brands have also jumped on the Lazy Lions bandwagon, including the parent brand behind AriZona Ice Tea, which purchased a Lazy Lion NFT in September 2021. In addition to influencers and brands, NBA players including Tyrese Haliburton and Seth Curry have also purchased Lazy Lions, which has only increased the interest in the project among celebrities, influencers, and entrepreneurs.
As of the writing of this article, Lazy Lions had more than 148,000 Discord members, 5133 Lazy Lion NFT holders, and over $95 million of volume traded.
What Are Lazy Lions Bungalows?
In September 2021, the Lazy Lions team executed their first major airdrop– giving all current Lazy Lions NFT holders a “Lazy Bungalow,” which they could use as background images for social media platforms like Twitter. 9,600 Bungalows were created using 100 characteristics.
The team also launched a Bungalow dApp so that holders could link their original Lazy Lions inside the frame of their Lazy Bungalow. The Lazy Bungalows, however, were just one of several airdrops that the team would eventually provide for NFT owners; later airdrops included special Halloween tokens and potions that could be used to generate Lazy Lion Cubs– which we’ll delve into more in the next section.
What are Lazy Lions Cubs? What is Their Backstory?
Glitch is the main antagonist of the Lazy Lions storyline.
One of the newer innovations of the Lazy Lions NFT collection is the ability for current NFT holders to mint new NFTs in the form of Lazy Lion Cubs. Lazy Lion Cubs are created from special NFT potions, including Lazy Drinks (Milk or Juice) that have been airdropped into the wallets of current Lazy Lion NFT owners.
If a Lazy Lion drinks juice and creates a Lazy Cub, it will bring out a cub with the most attitude, but also the most common trait. In contrast, Lazy Cubs minted with milk bottles are younger, cuter, and rarer.
Lazy Lions can generate up to two cubs, but holders should be careful when attempting to mint the new NFTs, as the project will not provide new cubs to holders whose blockchain transactions fail due to network congestion or other errors.
The collection’s founders have set a maximum supply of 22,000 Lazy Cubs; 10,000 will be allocated for current Lazy Lions NFT owners and 12,000 will be available to the general public.
The founders have also created a fun backstory for the creation of the Lazy Cubs. According to the founders:
In the near future, more of the Lazy Lions and Glitch backstory will be revealed via an exclusive digital comic issued only to Lazy Lions & Bungalows holders.
What Are The Prices for Lazy Lion NFTs
As with all NFTs, prices vary from day to day and week to week. However, to give a sample of the prices of Lazy Lions, we’ll provide some price and volume data from NFT Stats from early June 2022. You can check on NFT Stats or similar sites to get updated data for any particular day or week.
- Average Price: $1486
- Lowest Floor Price: Ξ0.58
- Last 7-Day Trading Volume: $143k
- NFTs Sold Last 7-Days: 96
What is the Lazy Lions Private Island?
In a bid to expand their growing presence in the metaverse, the Lazy Lions team has used their funds from NFT sales to create a private island inside The Sandbox, the world’s most popular land metaverse. Lazy Lions owners have exclusive access to the island and its virtual world– which is intended to be a jumping-off point for other Lazy Lion ventures in the metaverse. The Island, which is located in a secret location in The Sandbox, even has its own website. Community members have also released an unofficial native token, the LionIsland Inu (LIONISLAND), but it’s unclear when and if the token will be actively traded.
How to Buy Lazy Lion NFTs
Lazy Lions NFTs are currently available on a wide variety of NFT marketplaces and sales platforms, including:
- OpenSea: OpenSea is by far the largest and most popular NFT marketplace today. This is the place where potential buyers will find the most Lazy Lions NFTs. It allows users to buy NFTs on the Polygon Layer-2 blockchain for zero gas fees and has also added Solana NFTs for lower gas fees. A wide variety of Lazy Lions, Lion Cubs, and Bungalow NFTs are available for purchase on Opensea.
- Looksrare: Looksrare is a community-based NFT marketplace that provides users with rewards for participating. It also has a wide variety of Lazy Lions NFTs for sale. The benefit of Looksrare is the fact that it easily allows users to search NFTs by specific features. While OpenSea also allows this, the feature search tool is generally considered superior and easier to use on Looksrare.
- Coinbase NFT: While Coinbase is one of the oldest continuously operating exchanges, its NFT marketplace is one of the newest on the market today. One of the benefits of Coinbase NFT is the easy ability to transfer NFTs purchased on Coinbase NFT to the Coinbase Wallet. Coinbase NFT specifically partnered with Lazy Lions to ensure that it was one of the first projects to drop on the new marketplace.
- Nifty Gateway: Nifty Gateway is another large NFT marketplace. It’s owned by the popular crypto exchange Gemini and is known for its high level of security as well as its low-gas and gas-free purchasing options.
- Rarible: Rarible is another popular, community-based NFT marketplace. It’s known for its ability to allow original creators to set large royalty payments for NFT re-sales, though this is not relevant to the Lazy Lions collection.
How to Buy Lazy Lion NFTs on OpenSea
As we just mentioned, OpenSea is, by far, the most popular NFT marketplace, and is perhaps the easiest exchange to buy Lazy Lions. Here are a few steps you’ll need to take in order to buy a Lazy Lions NFT on OpenSea.
- Install MetaMask or another ERC-721 NFT compatible wallet. Go through the required steps, including confirming and recording your recovery phrase. If you are going to buy NFTs on the Ethereum Layer-1 network, you will also need to load up your wallet with some ETH from an exchange like Coinbase. However, if you want to use the Polygon network to avoid gas fees, you will need to purchase Polygon-bridged ETH. Here is a guide from OpenSea on how to purchase OpenSea NFTs on the Polygon network.
- Create an OpenSea account.
- Purchase “Buy Now” to purchase now, or “Make an Offer” to bid on the Lazy Lions NFT of your choice.
- If buying now, confirm your transaction and pay for your Lazy Lion NFT. It will shortly be transferred to your wallet.
- Congrats! You are now a member of the Lazy Lions community!
What Are Lazy Lions Collectibles?
In addition to the traditional Lazy Lions NFTs and the new Lazy Cubs, the creators of the Lazy Lions project have introduced collectibles. Some collectibles are available to current owners, while others have been airdropped to non-owners for community participation. We’ll mention a bit more about these in the Roadmap section of this article.
Who Has Lazy Lions Partnered With?
The Lazy Lions Cabana Bar inside VR Chat.
Lazy Lions has partnered with a variety of other players in blockchain and Web3, including:
- Polygon: Polygon is one of the largest Ethereum Layer-2s, meaning that it is designed to scale Ethereum with faster and cheaper transactions. Lazy Lions has partnered with Polygon to allow users to bridge their Lazy Lions NFTs, including in-universe wearables, to the Polygon blockchain.
- Coinbase: Coinbase is well-known as one of the oldest and most reliable crypto exchanges, and is particularly easy to use for those who are newer to crypto. Coinbase recently launched its native NFT platform, and, as we previously mentioned, Lazy Lions was one of the first projects that it partnered with during the platform launch.
- Uniqly.io: Uniquely.io allows users to buy and sell actual world outfits and various metaverse wearables. It has partnered with Lazy Lions to help provide both in-metaverse NFTs and real-world items for the Lazy Lions metaverse.
- VR Chat: VRChat is a free-to-play multiplayer online social game created by Graham Gaylor and Jesse Joudrey for PC. Two members of the Lazy Lions community, Arashi and Badlands, are in the process of building another private island in the VRChat universe. It will reportedly include bungalows, a gym, a cabana bar, a shopping strip, and a variety of other locations and amenities.
- The Sandbox: As previously mentioned, the Lazy Lions team purchased and developed NFT land inside The Sandbox to create an exclusive, members-only private island for the Lazy Lions community. It’s expected that the island will continue to develop and add more amenities over time.
The Lazy Lions Community on Reddit, Twitter, and More
One of the biggest reasons for the success of Lazy Lions is its highly-engaged and growing community. As we mentioned earlier, Lazy Lions has a discord community of nearly 150,000 and around 80,000 Twitter followers, giving it one of the larger social media presences of relatively new NFT projects.
One way the Lazy Lions team has continued to keep the community engaged is through a community rewards program called ROARwards, which rewards owners for participation in the community.
For example, by uploading their Lazy Lion NFT as their Twitter profile, owers can become eligible for additional rewards, including new airdrops, access to new events, free merchandise, new art, and entrance to new areas in the metaverse that will be developed in the future.
It should be noted that owners adding their NFT as their Twitter profile has only increased the visibility of the project, leading to more followers and attention. Additional rewards can be achieved for visiting the Lazy Lions private island in the Sandbox for the first time.
In the near future, the Lazy Lions team will also introduce a native token, the $ROAR token, potentially modeled after the Bored Ape Yacht Club’s explosively popularly cryptocurrency, ApeCoin, which currently has a market cap of over $1 billion and temporarily spiked to a market cap of $8 billion within its first week of trading.
In general, the Lazy Lions team is attempting to transfer more and more control over the direction of the project to owners by implementing a formalized voting system on Discord, as well as continuing to hold AMAs with the Lazy Lions development team where owners can ask questions, make suggestions, and voice potential concerns.
Lazy Lions NFT Roadmap
The Lazy Lions team has created an official roadmap for the project, which is currently in the final stages of completion. Only the official game has not yet been released.
- 0%: Private Island/Discord Channel: The private island in the Sandbox was opened in mid-to-late 2021. It provides exclusive access to the Cabana Bar for all Lazy Lion NFT holders.
- 20%: Community Wallet: The next stage of the roadmap involved creating an exclusive Lazy Lion community wallet, which can be used to hold Lazy Lions NFTs.
- 40%: ROARwards Program: The ROARwards program opened in late 2021. It included both a Halloween NFT drop, as well as a Thanksgiving-themed drop of Lazy Lions Collectible Cards, a collection of eight ERC-1155 tokens. For every person a user referred to the Lazy Lions Discord using their unique Discord invite link found on the dApp, both users received a Lazy Lions Collectible Cards Pack, including two random cards. As of October 2021, most owners (over 3000 members) had signed up for the ROARwards program.
- 60% Collectibles Drop: Also in late 2021, the Lazy Lions team provided free merchandise for Lazy Lion holders with specific traits.
- 80% Bungalows: Bungalows were also introduced in late 2021 for NFT owners, which, as previously mentioned, could be utilized as banner images for Twitter and other social media platforms.
- 100% Lazy Lions Game: In the near future, the Lazy Lions development team will be releasing the Lazy Lions Game, which allows NFT holders to win community prizes as well as to earn rewards and bonuses by playing the game.
Promo for one of the Lazy Lions Collectible Packs.
In addition to the launch of the Lazy Lions game, other upcoming events in the Lazy Lion community include the launch of Lioness NFTs, as well as metaverse concerts and charity partnerships.
In Conclusion: Lazy Lions NFT Are Among The Most Popular NFT Collections
While not approaching the size and scope of major NFT collections like Cryptopunks or Bored Ape Yacht Club, Lazy Lions is still undoubtedly one of the most popular NFT collections on the market today. Their strong and active social media community, combined with consistent product launches, such as Lazy Bungalows, Lazy Lion Cubs, ROARwards, the Lazy Lion private island, and their holiday NFT airdrops have made the project a great success.
In general, this has helped keep the community engaged through the ups and downs of the NFT market. However, the Lazy Lion project still has one major hurdle to cross; the creation of an effective and engaging Lazy Lions game, which much of the future progress of the project may hinge on.
It should be noted that NFT investing is risky, and you should only invest money you can afford to lose. However, if you are looking to purchase a reputable NFT with a significantly lower cost than a Bored Ape, buying a Lazy Lions NFT could be the perfect option. With the NFT market in constant turmoil, however, only time will tell whether the collection has true staying power, or if it will fade into history as simply another series of JPEGs.
References:
- Kaur, H. (2021, Dec.) Lazy Lions NFT Collection: Everything You Need to Know. Crypto Bulls Club.
- (2022, Jun.) Lazy Lions – NFT Price Floor. NFT Price Floor.
- AlbertoRizzo: @AlbertoRizzoETH. Twitter.
- (2022, Feb.) Lazy Lions Co-Founder Interview. Unstoppable Domains.
- (2022, Jun.) Lazy Lions statistics. NFT Stats.
- Welcome to Lions Private Island. Lion Island.
- How do I purchase NFTs on Polygon?. OpenSea.
- Chanda, B. (2022, Feb.) Lazy Lions Review: Everything You Need To Know. Niftyhype.
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