Non-fungible tokens, or NFTs, are the latest craze. If you’re like most people, you’ve received several emails, heard friends and family talking, and may have even seen billboards showing images of cartoon apes worth hundreds of thousands, if not millions, of dollars.
Well, there’s a new collection in town garnering quite a bit of attention. That collection is known as Loaded Lions.
What Are Loaded Lions?
Loaded Lions is a name for a collection of 10,000 randomly generated cartoon lions, each one coming with unique characteristics. The collection is also the first to be released on the Crypto.org blockchain. Not only is each NFT in the collection unique, they also come with a membership to the Mane Net, giving owners access to exclusive benefits and utilities.
So, what’s the backstory behind the collection?
Don't Miss the Next Big Story
According to Crypto.org, “The Loaded Lions are ultra-rich animal kingdom kings who live in sprawling mansions high up in the mountains. Unsurprisingly, they enjoy throwing no-holds-barred soirees for their elite group of friends. To look their best at these extravagant parties, the Lions spend their days working out in their private gyms, and feasting on meals prepared by their personal chefs.”
From Hundreds to Millions in No Time Flat
When you hit it big in the stock market overnight, investors refer to the trade as catching lightning in a bottle. Well, some Loaded Lions collectors are sitting with a bottle filled with their own lightning bolts as the price of pieces of this collection climbs.
The collection was launched earlier this week with a base price of $200 each at the launch. A couple days later, some of them are receiving ridiculously high bids and at least one was sold with a million-dollar valuation.
According to various reports, Loaded Lion $1952 received a bid for $1.3 million. However, that bid was rejected by the owner who’s now increased the base price of his collectible to a whopping $2 million. This particular lion is a mountain climber that’s wearing a blue jacket, snow goggles, and a backpack with an ice pick and rolled up sleeping bags. So far, nobody has agreed to pay the $2 million price tag the owner is hoping to get.
On the other hand, as mentioned above, there was one Loaded Lion that’s already closed a sale at $1 million. Loaded Lion #1969 is known as The Mars astronaut and wears the Matt Damon ‘Fortune Favours the Brave’ logo. The owner of this particular lion has agreed to sell it for $1 million to Mark Watney. The Lion in the image isn’t just wearing the astronaut suit, he’s standing in front of mars.
The spark in interest in characters within the collection has led many collectors to raise their base prices, hoping the right buyer will come along and pay whatever they ask. In fact, many have raised the price of their lions to millions of dollars, with one, Lion #10,000 having a base price set at $100 million; however, there are many questions as to whether or not anyone would be willing to pay such a price. If it does happen, this particular lion will represent the most expensive NFT ever sold.
However, you don’t have to be a millionaire to get your hands on a piece in the collection. In fact, most prices on these lions haven’t exceeded $10,000 yet, which has many in the metaverse buzzing about a potential investment opportunity.
The Next Bored Ape Yacht Club?
Many are wondering if Loaded Lions will become the next Bored Ape Yacht Club, arguably the most successful NFT project in the history of blockchain technology. However, does this collection have what it takes to reach this stage? The answer is open for debate.
Bored Apes, and others in the collection including Mutant Apes and Bored Ape Kennel Club NFTs have rocketed in valuations as a massive community continues to stand behind the collectibles. One of the biggest drivers in the tremendous rise in value of these tokens has to do with who’s buying them and what they’re being used for.
In fact, Timbaland, a famed producer, announced that he purchased a Bored Ape and would be producing music for the metaverse using the Ape as his persona. Moreover, Universal Music recently announced that it signed KINGSHIP, a four member super group that features three Bored Apes and one Mutant Ape.
There’s no question that Loaded Lions has the potential to garner such attention, and if the collection does, we could see a skyrocketing floor price making the minimum paid for one of these collectibles $100,000 or more.
However, for that to happen, the collection will need some major celebrity backing. As mentioned above, Bored Apes became successful before celebrities dove in, but it wasn’t until celebrities jumped on the bandwagon that the collection climbed to the extreme valuations. The Loaded Lions collection seems to be following along the same path, but whether or not celebrities will latch on is up in the air.
The Bottom Line
The bottom line here is simple. Loaded Lions are quickly becoming the next big thing in the metaverse. While the collection was just launched days ago, it has already become a millionaire maker and has serious potential to keep growing.
Moreover, the collection shows how NFTs have the potential to be life changers for those that dive into collections early on. Think about it, someone paid $200 for one of these collectibles earlier this week and cashed in on a million bucks by the weekend. While there’s no guarantee that you’ll experience the same thing, time and time again, becoming an NFT millionaire is proving to be possible.