What is Lazy Ape NFT, and should I buy it?
Lazy Ape represents a nonfungible token collection operating on the Ethereum blockchain and featuring funny pictures of apes generated by an algorithm. These NFTs are mainly used on social media as a profile picture on the lucky owner’s page.
But what makes these Lazy Ape tokens so unique? One of the reasons is undoubtedly the way they are created: an algorithm randomly mixes and matches the elements given to it, respecting predefined rarity values, to create a unique NFT ultimately.
The predefined set of strokes used to create the collection of a PFP project give it a unified and harmonious look, making it recognizable. For those less initiated, PFP stands for profile pictures, and the phenomenon escalated with the hype created around CryptoPunks NFTs.
These collectibles are nearly blue chip NFTs and have a very strong community supporting the project. Now, you might wonder if you should buy it and why. We give you hee answer within the following lines.
Why should you invest in Lazy Ape NFT?
Here are some reasons we will scrutinize to see why you should invest in Lazy Apes NFT.
Lazy Ape NFT Avatar as a clan flag
This is one of the reasons why this Lazy Ape project remains so popular. When a new project is announced, communities of fans begin to form around it and spend time together online, thanks to the social networks specific to the world of cryptocurrency.
In particular, on Discord, there are groups made up of thousands or even tens of thousands of people, and access to specific threads is often limited to the holders of the NFT of the project.
In this group, links are forged and a feeling of the clan, belonging, and way of “gang” develops. Hashtags relating to projects are emerging, and communities are staring at each other and arguing to defend the project they support, whether for economic or artistic purposes.
As in the case of the Lazy Apes Yacht Club collection, face-to-face events are organized, and benefits are offered for future NFT collections.
Another reason why Lazy Ape projects continue to be active in the market is the exchange of pieces from the collection that takes place between project supporters to capture the character with whom they most identify.
A similar phenomenon comparable to PFP projects occurs with books, movies, or television series, where one often identifies with a character by his character or a physical factor.
Lazy Apes, as your entry, pass into the Metaverse.
Are you wondering if Lazy Apes can be an economic opportunity to seize? We can explain their potential to you, but the final decision is up to you. DYOR*, as they say in the crypto sphere.
In the world of tomorrow, which is not so distant, today, it is more than likely that the Metaverse will play an essential role in our lives.
In a virtual world, which will provide access to a variety of services and a considerable number of possibilities, what will your virtual avatar be? Yes, your avatars!
And what could be better than an NFT? A blockchain-secured, unique, and inimitable avatar is the best way to be present in the virtual world of tomorrow.
Tech giants such as Meta Group and Twitter are already working on incorporating NFTs into their feature repertoire.
Being part of a Lazy Ape project group shows ownership and support for it. Being part of it means adhering to its values and ideas, as in the case of big brands such as Rolex or Chanel, which tell us something about the person who uses them.
Participation in future Lazy Ape NFT projects
So here you are knowing a little bit more about Lazy Ape NFTs, and you will definitely look at them with a different eye. If you decide to invest in this project, do your research and inform yourself. There are more and more PFP projects, meaning the market is reaching a saturation point.
As with many shitcoins, some projects ring hollow and are pushed by crypto influencers to generate initial sales when the secondary market does not necessarily exist, with bots and many adversities for investors.
Today, to succeed, it is necessary to adopt the necessary and appropriate strategies.
If the projects do not have at least 3 of these five characteristics, we advise you to chart your course according to the following:
- An authentic and healthy community engaged around the project;
- Premium or innovative design and artistic side;
- Well-defined utility or roadmap and a medium-term plan;
- An identified team that has proven itself on other projects;
- Possibly, an image associated with a brand, a club, or a public figure.
When it comes to Lazy Apes collectibles, they are particularly uniquely designed. The token holders are enabled to partner with Lazy Apes Club and become a member of their vast community.
As a community member, you can give input on future projects, buy original artwork, and your voice can be heard on what future collections would look like. These are some of the reasons why you should buy a piece of the Lazy Apes collection.
As stated in their roadmap, the community members are the backbone of their project. As a token owner and member of the community, you have access to networking, airdrops, events, and of course, top NFT projects.
Also, per their team’s official website, as a partaker, you open yourself the gate to opportunities such as helping create future projects, participating in the project’s expansion in P2E games, private land for holders, and many more.
Lazy Ape retailing puff
Lazy Apes has become a recognizable and trendy brand, particularly in the United States. As the project evolved, the hype became bigger and bigger.
Opening a retail puff online boutique was obviously part of their long-term planning. At the website lazyapevapes.com, you can find all sorts of specially designed Lazy Ape carts, THC distillate tinctures, ganja edibles, and lazy ape disposables. Also, you will find various kinds of health capsules, shrooms, and many more products.
What is the Yearn Lazy Ape or YLA?
Yearn Lazy APE represents a cash-generating investment product comprising five stablecoin vault LP tokens. “Fund of Funds” is the product analogy to traditional finance. It’s the LP Vault token that accrues interest in stablecoins, yielding at this moment around 15%-35% APY for holders of $YLA.
The actual performance is determined by the success of the yearn vaults. It’s a market-neutral investment product to generate profit regardless of the market’s volatility. Its price is steadily growing. You can check out the exact price on PowerIndex.io. Its market cap is $765,304, circulating supply of 616,516.
What is Bored Ape Yacht Club
If you are just a rookie regarding various NFT projects, you may be confused with the two similar titles of the project, such as Lazy Apes and Bored Apes. Prior written is all about Lazy Apes, and we have seen what Lazy Apes are doing. Let’s take a quick look at the Bored Apes project.
It is a blue chip NFT with a currency floor price of 124 ether highest sale of $380 000.
The Bored Ape Yacht Club creators aspired to go far beyond a collection of NFTs, too.
Yuga Labs started the Ape Coin cryptocurrency in March 2022. That same month it purchased the Meebits and CryptoPunks brands and developed an Otherside metaverse.
The team also had the ambition to extend beyond virtual space and blockchain. Therefore, the movie trilogy is in the development process, as well as a line of vinyl figures to come.
The floor price of The Bored Ape Yacht Club is high because having a piece of it represents a status symbol. Moreover, many crypto enthusiasts bet that The Bored Ape Yacht Club is one of those collections that can thrive, survive and become mainstream in an NFT space.
The value criteria of an NFT
NFT, as a young technology, has a future ahead of it, but it could lead to some abuses. The vast majority of sold works and NFT projects will never have value simply because no one wants them.
Some NFTs have artistic value. And it applies to Lazy Ape NFTs.These are works valued independently of the fact that they are digital, in the same way as a painting in a museum. Overall, price is defined by what an artist’s fan is willing to invest.
The value of an NFT can also depend on its usefulness: becoming a club member, meeting other holders or the artist himself, acquiring and showing a certain social status, etc. And when it comes to Lazy Ape NFT, it complies with all these criteria.
However, whatever investment advice we give you, finally, it’s about your preferences and taste. Therefore, as we mentioned above, do your research, check out the Lazy Apes Twitter channel, and read their roadmap. Finally, if you want to stay on top of the NFT trends and become part of a vast and interesting NFT community, buying this NFT can definitely be your thing.
