A Journey From Lazy.com to VeeCon 2023: One User’s Story
A couple weeks ago, a tweet caught our attention. It was from Lazy user lndlrd. He was preparing for VeeCon 2023 and had a unique request. He loves using Lazy.com, and he wanted to show it. His plan? To sport some Lazy.com merchandise around the conference, hoping to spread the word about us in the process.
There was just one problem: we didn’t have any merch at the time.
However, his enthusiasm and entrepreneurial spirit won us over instantly. So we thought, why not give it a try? We rushed to create a one-off, special edition Lazy.com hoodie and got it to him.
So, how did it go?
Well, in his own words:
The Lazy hoodie was an ice-breaker. Conversations sparked, and ideas flowed. It was a testament to the community we’ve fostered here at Lazy.com, a group of NFT enthusiasts and innovators who aren’t afraid to go the extra mile (or wear the extra hoodie) to share their passions.
We’re incredibly grateful for users like lndlrd. Their dedication is why we do what we do, and it motivates us to continuously improve and evolve. After this experience, we’re inspired to take a fresh look at how we can enhance our connection with our users.
Thank you, lndlrd, for reminding us of the spirit that drives our community. And thank you to each one of you for being a part of Lazy.com.
If you have ideas or feedback for us, feel free to email us at info@lazy.com or reach out on our Twitter (@LazyNFTs). We’re eager to hear your thoughts.
Until next time, stay innovative, stay passionate, and, most importantly, stay Lazy!
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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
Touchon is an artist living in Santa Fe, New Mexico. Their Lazy profile has many samples of their art, including “Musicality of the Eye” — a collection exploring the elements of visual musicality. Check out Touchon’s artwork at lazy.com/touchon
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NFTs are still alive and have a great foundation of collectors. Here’s a quick look at the most important stories in the NFT universe this week:
Sotheby’s Schedules Second Grails Collection Auction
The esteemed auction house, Sotheby’s, will once again host a sale of prized NFTs seized from the bankrupt crypto hedge fund, Three Arrows Capital, on June 15. Among the 37 digital art pieces up for auction, a particular work of interest is Dmitri Cherniak’s Ringers #879 (aka “The Goose“), valued between $2-3 million. The first set of NFTs auctioned from this collection brought in a hefty $2.4 million. Another private sale brought in over $3 million. So far, the collection’s liquidation sales have accrued more than $6 million, set to surpass the estimated total sales of $9.8 million.
Bitcoin Makes a Significant Stride in the NFT Space
Bitcoin is bolstering its presence in the NFT market with the introduction of the BRC-721E token standard. Developed by Ordinals.market and Xverse Bitcoin Wallet, this standard allows Ethereum-based ERC-721 projects to bridge their NFTs to the Bitcoin network. The procedure involves “burning” the ERC-721 token and inscribing the NFT onto the Bitcoin network. This new standard further solidifies NFTs on Bitcoin, a technological development that few would have predicted a year ago.
A Hacker Adds a New Feature to the Blur NFT Marketplace
A hacker, “Pink Drainer”, has found a way to enable private sales on the Blur NFT platform, a feature previously unavailable on the platform. By exploiting the royalty system, the hacker can purchase items for near-zero ETH, essentially making it a private listing on Blur. Despite its illicit origins, this technique might pave the way for legitimate private listings on Blur and even lead to the creation of a user-friendly interface that simplifies this process.
EA and Nike Announce Partnership for NFTs in Games
EA and Nike have revealed a partnership aimed at bringing select virtual assets from Nike’s Web3 marketplace platform, .Swoosh, to future EA Sports games. Although details remain sparse, we know that these assets will include virtual NFT footwear and apparel. This partnership aligns with Nike’s previously outlined vision that its virtual apparel could eventually be used in video games and “other immersive experiences”.
It’s another interesting week in the world of NFTs, encapsulating everything from high-value auctions to technological breakthroughs, and underlining the continuing creativity and innovation in this space.
What’s Your Take Bitcoin NFTs?
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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
Today, we are officially unveiling the new, redesigned front page of Lazy.com! It’s a product of our commitment to create a truly easy and engaging experience for our users, and we’re excited to share it with you.
In this new design, we’ve combined aesthetics with simplicity, ensuring that it’s not only visually appealing but simple to sign up.
As always, we are eager to hear what you think of these changes. So, go ahead, explore the revamped Lazy.com front page, and let us know your feedback. We have many more exciting updates in the pipeline, and your input will help shape the future of Lazy.com.
Thank you for being a part of the Lazy.com community, and we hope you love this new look as much as we do!
Invitation to showcase your artistic and curatorial talents on Lazy.com’s front page
In the spirit of community, we’re excited to announce an opportunity to showcase your artistic and curatorial talents on Lazy.com. We’re featuring a handpicked selection of Lazy.com users on the new front page. And we’re inviting you to contribute your profile for inclusion in the design.
No matter your art style or subject matter – from digital illustrations to abstract art, photography, collectible cards or anything in between – we’re eager to see your collection.
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
OrangeInentions is a self taught 1/1 artist and collector. Their personal motto is “setting my mind free through color.” Check out their one of a kind art at lazy.com/orangeintentions
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Invitation to showcase your artistic and curatorial talents on Lazy.com’s front page
Hello NFT Artists and Collectors,
In the spirit of creativity and community, we’re excited to announce an opportunity to showcase your artistic and curatorial talents on Lazy.com. As we prepare to unveil the new design of Lazy.com’s front page, we’re inviting you, the users of Lazy.com, to contribute your profile for inclusion in the design.
No matter your art style or subject matter – from digital illustrations to abstract art, photography, collectible cards or anything in between – we’re eager to see your collection.
To submit your profile, just fill out the following questionnaire. The submission deadline is in three days.
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
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.
Sony has filed a patent related to NFTs.
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?
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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!
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
Want your collection to be featured in the next newsletter? Tweet a link to your Lazy profile and we’ll take a look!
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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 allows NFT collectors to borrow money using their NFTs as collateral. (Source: @blur_io)
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.)
Azuki floor in first 5 days of Blend. (Source: @DrJPGs)
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.
Not everyone is pleased with Blend’s mechanics. @Diamond_Cruiser points out that the “lender has the power to trigger a liquidation auction of your NFT at ANY time. Even literally a minute after the loan.”
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!
Thank you for reading Lazy.com’s Newsletter. Was this post helpful? Show some love by sharing.
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!
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