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Facts about lazy lions NFT you need to know.

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Since last year, everyone has been talking about NFTs, and crypto investors are now investing in NFTs more than ever. For those of you that do now know, NFT stands for Non-Fungible Token, which means every NFT is unique and cannot be exchanged with another one.

With that said, several types of NFTs have become quite popular and are booming the market. Some of which include EVERYDAYS: The First 500 Days, Bored Ape Yacht Club, and Lazy Lion. However, if you are considering investing in one of these, you must know some of the facts about it.

It is why today we will discuss the facts you need to know about the Lazy Lion NFTs.

What is Lazy Lions NFT?

Lazy Lion NFTs, as the name suggests, are digital drawings of lions that are created through programming by an artist who goes by the name of Rizzio. eth. Lazy Lion NFTs set consists of 10,000 digitally drawn lions, all of which are unique compared to each other. Now, you might be wondering what makes them unique, right?

Well, the answer is “Attributes.” Lazy Lions NFTs were developed using more than 160 attributes with the help of programming, as drawing each of them by hand with different characteristics is not humanely possible.

Each program-generated Lion has a different outfit, mane, expressions, accessories, attitude, and more. For example, one of the drawings in the Lazy Lions NFT has a white Mane with a crown over its head.

When was Lazy Lions NFT launched, and how did it become famous?

Lazy Lions NFT was launched on 7th August 2021. And since then, this collection has become one of the most popular ones in the NFT market. This collection was seen as an opportunity to invest in by some people. Therefore, they formed a community as soon as Lazy Lion NFTs were released.

This community caused Lazy Lions’ floor price to increase, and all this combined with hashtags and more used on numerous social media platforms caused this collection to become famous in no time. To date, there are more than 4K members that have listed Lazy Lions NFTs on different NFT platforms.

With that said, more and more people are considering buying these NFTs as they saw the profits that investors made within hours after the launch of this NFT.

Lazy Lion NFTs sales

The collection was sold within 5 hours after its launch. It means that all 10,000 digitally drawn lions were sold! 3000 – 4000 people bought this collection at the time of its launch. At the time of its launch, Lazy Lion NFTs earned more than $1.5 million, which is quite impressive.

Moreover, some of its owners also began reselling, which helped them earn a hefty amount of profit and caused the price cap to increase by $2000 within a month. During September 2021, each drawing within the collection was roughly sold at a $2000 profit margin. With that said, one of the drawings was also sold for more than $50k.

In addition, the hype of the Lazy Lion NFTs collection did not stop there. Owners continued trading their Lazy Lions drawings and kept earning a decent amount of profit. On 11th October 2021, one of the drawings was sold for $350,000!

Lazy Lion Statistics

As specified earlier, Lazy Lions NFTs were sold as soon as they were launched. People are now trading these to earn more profit. Below specified are some stats which represent the price, volume, total assets, and more associated with this collection.

  • The total number of digital drawings within the collection: 10, 080.
  • 24-hour volume: 31.46 Ethereum or ETH. This is 8.23% less than the previous volume.
  • 24-hour sales: 19 drawings.
  • The 7-day average price of Lazy Lions NFT collection: 2.04 ETH.
  • Highest amount at which a Lazy Lion NFT is sold within 7 days: 20.5 ETH.
  • Lowest amount at which a Lazy Lion NFT is sold within 7 days: 1.245 ETH.
  • 30-day volume: 2,344 Ethereum or ETH. It is 0.08% less than the previous 30-day volume.
  • 30-day sales: Approximately 1600 drawings.
  • The 30-day average price of Lazy Lions NFT collection: 1.42 ETH.
  • Highest amount at which a Lazy Lion NFT is sold within 30 days: 20.5 ETH.
  • Lowest amount at which a Lazy Lion NFT is sold within 30 days: 1.245 ETH.
  • The price floor is currently at 1.45 ETH.
  • The total Floor Cap is around 14,646 ETH.

How can you buy Lazy Lions NFTs?

The current floor price of one of the drawings in the collection is 1.45 ETH and has an average price of between 0.891 ETH – 1 ETH. You can buy this collection on numerous platforms such as OpenSea.

  • When buying a Lazy Lion NFT from OpenSea, make sure to follow these things:
  • Create a crypto wallet such as MetaMask, and link it to the OpenSea platform.
  • Have sufficient funds (cryptocurrency) in your wallet. To buy NFTs, you must have Ethereum in your crypto wallet.
  • Buying an NFT would also cause you to pay a gas fee, which comes with each NFT. Therefore, make sure you have gas fees in your wallet as well.

Search for Lazy Lions on the OpenSea platform. Upon searching, you would be able to see all the Lazy Lions NFTs that are available for sale. Near the collection, you would see the buy option. To purchase your desired Lazy Lion NFT, make sure to click it.

After clicking on buy, you would be required to approve the transaction. After approval, the funds in your MetaMask wallet would be transferred to the owner of a Lazy Lion NFT. This transaction would be recorded in the digitalized ledger, which would prove that you are currently the owner of a specific Lazy Lions NFT.

Conclusion

We have covered some facts about the popular NFT collection, Lazy Lions. Make sure to look at the gas fees of a digital asset you are considering buying, as sometimes gas fees can cause an asset to be out of your budget.

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