Mark Cuban’s Lazy.com is not slowing down despite the NFT market conditions. Lazy.com is the Shark Tank investor and Dallas Mavericks owner’s NFT venture that focuses on ease of use. The platform promises to be the easy aka lazy way for users to create and share a digital gallery of their NFTs.
Lazy.com lets you build an NFT digital gallery in a few clicks
Cuban is a crypto enthusiast. He proudly declared that Bitcoin represents 60% of his crypto holdings. Thus, it’s not surprising that he was the first to jump and build a business when NFTs were all the rage.
Lazy.com enables users to build a digital art gallery to display their NFTs. Users can sign-up with an email address and a MetaMask wallet. Then, the user will receive his very own lazy.com URL which can be posted, tweeted and even included in the email signature.
In his latest tweet to his 8.2 Million followers, Cuban boldly declares that NFT is now a buyer’s market. This gives us a glimpse of how Cuban perceives the current market slow down. At its peak, there were over 48,000 NFT Transactions in a week. However, NFT sales stood at 21,090 last week, a significant drop since March.
A buyer’s market means that there are more NFTs to buy than there are people to buy them. As a result, prices go down. Cuban is unfazed and sees it as a good sign for NFT Collectors to buy more.
Cuban is bullish about Crypto and NFTs. In an interview, he declared that, “ This is like the early internet days all over again, I think [NFTs and blockchain tech is] going to be huge.”
The Shift to Solutions-based NFT Projects
Lazy.com is not the only platform that’s still bullish despite the slowdown in NFT Sales. In fact, more established and successful blockchain companies are entering the space.
WazirX, India’s biggest cryptocurrency exchange, announced the launch of its NFT Marketplace. South Korea’s first crypto exchange, Korbit, is also about to launch the nation’s first NFT Marketplace.
The NFT skeptics may feel vindicated right now but the decrease was actually gradual and predictable. The NFT space is still in its infancy stage so it stands to benefit once the market has stabilized. NFT projects can now focus on building use cases and solving the pain points for consumers.
Most of the emerging NFT projects are solutions-based. BTSE launched a white-label B2B NFT Solutions to simplify creating, buying and selling NFTs. Solana-backed Metaplex aims to be the Shopify for NFTs by allowing creators to create their own NFT Storefront. And then, Polygon is solving the soaring gas fees through its PoS validation method.
It is still very early to make wild assessment about the future of NFTs. However, it certainly inspires confidence to have someone like Mark Cuban back the industry.