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This week’s featured collector is Udoka

Udoka says they are “calm, cool, collected.” And we get that vibe from their collection of Ethereum NFTs. Check it out at lazy.com/udoka

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Exploring the Growing Influence of NFTs

In today’s newsletter, we’re highlighting the ways NFTs are influencing diverse sectors, from confectionery manufacturing to video gaming and television production, to understand how this blockchain technology is quietly revolutionizing everyday life.

Our first point of discussion is Haribo, the German candy manufacturer well-known for its gummy bears. The company has recently made a move towards digital assets, filing an NFT-related trademark application with the US Patent and Trademark Office. Haribo plans to offer “cartoons authenticated by nonfungible tokens.” This development underscores the candy-maker’s initiative to adapt to the digital era and explore new avenues of consumer engagement.

Shifting gears to the gaming sector, we see Sony taking significant steps with NFT integration. The multinational conglomerate has recently published a patent aimed at incorporating blockchain technology into gaming. The patent, “FRACTIONAL NON-FUNGIBLE TOKEN FOR GAME RELATED DIGITAL ASSETS,” proposes a solution to the high price point and accessibility concerns surrounding NFTs. By dividing an NFT into multiple purchasable assets or “shares,” each player involved in a particular gaming moment could own a piece of that digital asset. This innovative approach could potentially democratize access to NFTs in the gaming community.

Lastly, we turn our attention to the television industry where electronics firm LG is making strides. LG is reportedly in the process of seeking patent protection for a television capable of facilitating NFT trades. This proposed device would connect with an NFT market server, display preview artwork, and process purchases via a user’s cryptocurrency wallet linked to the TV. It signifies a potential step forward in merging traditional home entertainment with the burgeoning world of digital assets.

In summary, the influence of NFTs is quietly but steadily permeating various sectors, reshaping how we interact with brands, games, and electronic devices. These developments serve as a testament to the versatility and potential of NFTs in redefining our digital and physical landscapes. As NFT collectors, we have much to look forward to as the narrative of NFTs continues to unfold.

As NFTs continue to permeate various industries, which of the following sectors do you think will be most significantly influenced by NFTs in the near future?

Help Us Make Lazy.com Unbelievably Awesome: Share Your Insights!

We’re on a mission to make our platform even more fabulous, and we need YOUR brilliant insights to help us get there. So, we’ve put together a quick questionnaire that’s all about your suggestions for Lazy.com. By taking a few moments to participate, not only will you be making your voice heard, but you’ll also be shaping the future of NFT showcasing for everyone. Picture a Lazy.com that’s tailored to your desires—now let’s make it happen together! Can’t wait to hear what you have to say!

Share Your Insights

Click here to give your feedback on Lazy.com and request new features

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This week’s featured collector is MatrixDesign3r

MatrixDesign3r is an occasional artist, kindness crusader and NFT collector. Their collection features many different Ethereum NFTs, including a few MatrixDesign3r created. Check it out at lazy.com/matrixdesign3r

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The financialization of NFTs continues… but is it good for the community?

In an early January newsletter, we wrote about the increasing financialization of NFTs and the rise of “NFT Finance.” This week another step in that direction has been taken with the launch of Blend, a peer-to-peer lending platform developed by Blur and Paradigm. Although the technology behind the platform is undeniably interesting, not everyone is a fan. Let’s dig into the situation and learn more.

Blend is a newly launched lending platform that allows users to borrow money using their NFTs as collateral. The p2p system connects borrowers with lenders offering the most competitive interest rates. One of the main advantages of Blend is that loans don’t have fixed end dates, providing more financial flexibility for users. It also doesn’t rely on external data sources, known as oracles, to determine interest rates or collateral value, making it more decentralized and permissionless.

The mechanism behind Blend involves fixed-rate loans, refinancing auctions, and liquidation. Refinancing auctions allow lenders to exit. However, if no one is willing to take over the loan, the borrower’s NFT is sold to cover the debt. Blend’s system features continuous loans that automatically extend unless the lender wants to end the loan, allowing borrowers to repay their loans whenever they want. (For a full technical analysis of Blend, click here.)

Some might argue Blend is bad for NFTs because it could encourage speculation and over-leveraging, which might lead to an unstable market. By allowing people to borrow money using their NFTs as collateral, some users might take on excessive debt, hoping to profit from NFT price increases. If the value of the NFTs were to suddenly decline, it could lead to a wave of liquidations and further price drops, potentially destabilizing the market. Additionally, critics may argue that using NFTs as collateral for loans might detract from their original purpose as unique pieces of art or collectibles, and turn them into mere financial instruments.

On the other hand, others might argue Blend is good for NFTs as it can provide liquidity and broaden the use cases for NFT owners. By allowing NFT holders to access funds without selling their assets, Blend could encourage more people to invest in NFTs, knowing that they can unlock the value of their assets if needed. This can lead to increased demand and a more vibrant NFT market. Furthermore, the Blend platform can bring more attention to the NFT space and demonstrate the versatility of NFTs as not just collectibles, but also as a means of accessing financial services. This expanded utility could potentially drive innovation and increase the overall value of the NFT ecosystem.

As the NFT market continues to grow and evolve, Blend represents another provocative development in the merging of decentralized finance with NFTs. It’s clear that opinions on its impact can vary, with some seeing it as a potential risk to the art market’s stability, while others view it as a positive step towards broadening the utility and appeal of NFTs. We encourage you to join the conversation and share your thoughts on continuing financialization of NFTs.

What do you think about NFT Finance? Fill out this poll and let us know!

Help Us Make Lazy.com Unbelievably Awesome: Share Your Insights!

We’re on a mission to make our platform even more fabulous, and we need YOUR brilliant insights to help us get there. So, we’ve put together a quick questionnaire that’s all about your suggestions for Lazy.com. By taking a few moments to participate, not only will you be making your voice heard, but you’ll also be shaping the future of NFT showcasing for everyone. Picture a Lazy.com that’s tailored to your desires—now let’s make it happen together! Can’t wait to hear what you have to say!

Share Your Insights

Click here to give your feedback on Lazy.com and request new features

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This week’s featured collector is NarbDad

NarbDad is the former Mayor of Narbeth, Pennsylvania. He is also a collector of Ethereum, Polygon and Solana NFTs. NarbDad is clearly a fan of generative AI remixes of famous NFTs. Browse their interesting gallery at lazy.com/narbdad

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Site Improvements on Lazy.com

Dear Lazy.com users,

We’ve been quietly tinkering away in the background, making a few adjustments to our platform. While we may be called Lazy.com, we’re anything but lazy when it comes to improving your user experience. Here are the recent site fixes we’ve implemented:

1. Solana NFTs Now Playing Nice

We’ve addressed the issue with Solana NFTs not displaying correctly. Solana NFTs will now appear as they should, allowing you to present your collection without any hiccups.

2. Spam NFTs on Ethereum Get the Boot

We all know that one party crasher who just won’t take a hint. To save you the trouble of dealing with unwanted spam NFTs lurking in your Ethereum-based collections, we’ve put a bouncer at the door. These pesky airdropped spam NFTs will now be automatically hidden, leaving you with a curated guest list of the NFTs you actually invited. We’ll continue to refine our system to ensure all spam NFTs are removed.

3. Tezos NFTs Step into the Profile Picture Limelight

For those of you collecting Tezos NFTs, we have a fix: you can now use your Tezos NFTs as profile pictures on Lazy.com. It’s a subtle way to personalize your profile and give your favorite Tezos-based NFTs a moment in the spotlight. They say a picture is worth a thousand words, so let your favorite Tezos NFT do the talking.

Our team continues to work diligently behind the scenes to ensure that Lazy.com remains a user-friendly platform for showcasing your NFT collections. We appreciate your feedback and suggestions, so please don’t hesitate to share your thoughts with us.

Thank you for being part of the Lazy.com community, and we hope you find these updates to be beneficial. After all, it’s the little improvements that make life more enjoyable, just like that one joke about the NFT collector who walked into a bar—but they couldn’t prove ownership, so they had to leave.

Help Us Make Lazy.com Unbelievably Awesome: Share Your Insights!

We’re on a mission to make our platform even more fabulous, and we need YOUR brilliant insights to help us get there. So, we’ve put together a quick questionnaire that’s all about your suggestions for Lazy.com. By taking a few moments to participate, not only will you be making your voice heard, but you’ll also be shaping the future of NFT showcasing for everyone. Picture a Lazy.com that’s tailored to your desires—now let’s make it happen together! Can’t wait to hear what you have to say!

Share Your Insights

Click here to give your feedback on Lazy.com and request new features

We are seeking a React Frontend Developer with strong UI/UX skills

Lazy.com is looking for a talented and experienced React Frontend Developer with strong UI/UX skills. The ideal candidate will be responsible for taking Figma designs and turning them into high-quality, responsive, and interactive web applications using React and other modern web development technologies. 

Learn more and apply here.

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This week’s featured collector is Qnguyen3

Qnguyen3 collects Polygon NFTs and they are especially focused on Meta Soccer, an NFT game. Definitely work a look. Browse Qnguyen3’s gallery at lazy.com/qnguyen3

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Exploring the NFT Marketplace Dip: Understanding the Factors and Staying Optimistic

Hey NFT enthusiasts! According to a recent report, the leading NFT marketplaces have seen a dip in daily users and sales, hitting lows similar to July 2021. This trend is visible across top platforms like Blur, OpenSea, and LooksRare. Let’s dive into the data and explore some possible reasons for this decline.

On April 19th, unique users across these marketplaces dropped to 7,805, the lowest since July 31, 2021. Sales also fell to 16,149 on April 19th – a level unseen since November 2021. At the same time, both OpenSea and Blur have experienced significant drops in users. For example, OpenSea’s daily trader count fell to 10,640 on April 18th, nearing a July 2021 low.

The downturn’s causes aren’t immediately clear, but experts like SeaLaunch.xyz believe a combination of factors, such as high gas prices, tax season liquidity issues, and the recent meme coin trading frenzy, might have impacted NFT marketplaces. Researcher Hildobby also suggested to CoinDesk that a lack of exciting developments in the NFT space could be contributing.

Despite the downturn, trading volume in Ether (ETH) across NFT marketplaces has remained stable over the last 30 days. Additionally, Uniswap has gained daily active users over the past two weeks, outperforming OpenSea and Blur.

It’s also worth noting there has been an unusual falling correlation between Bitcoin and Ether since mid-to-late March. This suggests bigger trends in the broader crypto economy understanding might be at play. This decrease signals an unpredictable period for the crypto economy, implying that BTC and ETH might not move in tandem, leading to increased market volatility and unique opportunities for investors.

In summary, while the decline in NFT marketplace daily users and sales is significant, it’s important to consider the various contributing factors. The situation could be temporary, given the market’s inherent volatility and potential for new developments. As participants in this dynamic landscape, it’s crucial to keep an eye on market trends, adapt to changing circumstances, and maintain a positive outlook for the future of NFT marketplaces.

Learn more at CoinDesk, Dune Analytics and Coinbase.

This week’s poll: When do you think NFT marketplaces will see a return of users?

We ❤️ Feedback

We would love to hear from you as we continue to build out new features for Lazy! Love the site? Have an idea on how we can improve it? Drop us a line at info@lazy.com

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This week’s featured collector is AlexanderNacho

AlexanderNacho’s collection caught our attention because it has a few NFT souvenirs they picked up at DevCon 5 and 6, one of the leading global conferences for the Ethereum community. Very cool to see! Browse AlexanderNacho’s gallery at lazy.com/alexandernacho

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Tweet a link to your Lazy profile and we’ll take a look!

AI Meets Blockchain: Creating a Unique NFT Collection with ChatGPT, Midjourney and Third Web

Hey everyone! 😄 We just found this amazing video where someone created a full NFT collection using ChatGPT, Midjourney AI, and Third Web. We wanted to share a quick summary of what we learned so you can check it out too!

The creator starts by asking ChatGPT for ideas for an NFT collection and image prompts. ChatGPT comes up with a cool concept called “Synthetic Wonders,” which combines nature and artificial intelligence. It also provides prompts for five unique art pieces: AI Bloom, Cyber Safari, Neural Landscape, Digital Ocean, and Machine Metropolis.

Next, the creator uses Midjourney, an AI image-generating tool within Discord, to bring these prompts to life. They run three prompts simultaneously, generating four images for each, and pick the best ones to create their NFT collection.

After creating the images, the creator moves on to Third Web to set up the project. They create a smart contract, deploying it on the Goerli testnet for the demo. They fill in the project details, including the name, symbol, image, and description, as well as royalties and wallet addresses for primary sales. They then deploy the contract and confirm the transaction.

Within the contract dashboard, the creator sets up the NFTs and claim conditions. Finally, they create a claiming site using Third Web’s NFT drop template, which allows users to claim their NFTs directly from the site.

It’s fascinating to see AI and blockchain technology coming together in such a creative way. If you’re interested in creating your own NFT collection, we highly recommend checking out the video at youtu.be/sOjOst4-xSM:

This week’s poll: Have you tried using AI to generate NFTs?

We ❤️ Feedback

We would love to hear from you as we continue to build out new features for Lazy! Love the site? Have an idea on how we can improve it? Drop us a line at info@lazy.com

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This week’s featured collector is Kira1995

Kira1995 is a collector of WAX NFTs. In fact, they have an extensive collection that is definitely worth checking out. Browse Kira1995’s gallery at lazy.com/kira1995

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Navigating the NFT Regulatory Rollercoaster: What Do Users Really Think?

Hey there, NFT enthusiasts! A recent report by CoinGecko and Blockchain Research Lab has shed light on NFT users’ views on regulation, and the results are fascinating! 🎢

It turns out NFT holders are pretty split on the regulation issue. Almost half (48.1%) are open to stricter regulation, with 29.4% agreeing and 18.7% feeling strongly about it. They’re probably thinking that a bit of oversight might help protect folks from the wild west of rug pulls and wash trading.

But wait, there’s more! A sizeable chunk (29.4%) of NFT holders are on the fence, not quite sure whether they’re pro or anti-regulation. Maybe they’re just waiting to see how the NFT space evolves. 🤔

And then, there’s the freedom-loving 22.4% who are firmly against stricter regulations. They’re likely fans of the decentralized, no-holds-barred nature of NFTs and prefer a free market environment.

Speaking of regulation, the IRS recently announced its plans to tax certain NFTs as collectibles, similar to art or gems. This approach would result in higher tax rates for wealthy NFT owners compared to other investments like stocks or real estate. The top rate for collectibles held for over a year is 28%, while other investments generally face a 20% top rate. The IRS said it intends to issue guidance on this matter soon. 💰

Despite the divide on regulation, most NFT holders seem aware of the risks involved. A whopping 54.5% admit to being afraid of fraud when investing in NFTs, while 69.4% say they do their homework before diving in. Looks like “do your own research” (DYOR) is alive and well in the NFT realm! 🕵️‍♂️

Interestingly, not all NFT holders fully understand the tech behind their digital treasures. About 7 in 10 get how it all works, but 11.4% are still in the dark. And hey, that’s okay! NFT adoption is growing, and people are embracing them for various reasons, from artistic value to community building.

The NFT world is a diverse place, with opinions as unique as the tokens themselves. One thing’s for sure: the conversation around NFT regulation (and taxation!) is just getting started!

This week’s poll: Do you understand how NFTs work?

We ❤️ Feedback

We would love to hear from you as we continue to build out new features for Lazy! Love the site? Have an idea on how we can improve it? Drop us a line at info@lazy.com