Getting ready for Lazy Chain

The Celestine Sloth team has been working in the background for months on their own, community-based chain, called Lazy Chain. Today, they officially announced the project to the pubic and shared some insights into the "meme-chain's" future.

Here are our key takeaways from the Lazy Chain official unveiling. TL;DR

- Meme coin vs. Meme chain
- Lazy Chain Flywheel
- $LAZY token?
- Value Accrual Mechanism
- Memetics

Firstly, what is Lazy Chain?

- Lazy Chain (LZ) is a rollup powered by Astria with Celestia underneath.
- The goal of LZ is to showcase that blockchain tech is ready for everyday apps.
- The focus is on building consumer apps like games, DeFi dApps and much more.
- Lazy Chain is the next step in growing the thriving Sloth community.

$LAZY Token?

The Sloth team shares the view that meme coins are not very expressive. All you can do is buying & shilling them. After some time memes get boring and fade out.

Therefore, they think that meme chains are the evolution of meme coins and they're trying to push the boundaries of meme/community chains.

Lazy Chain Flywheel

"Having our own (meme) chain gives us much more room for innovation & experimentation." @Paco

But it also allows the team to set the right incentives to reward active participants and community members by kicking back fees to them.

App Specific Sequencing (ASS)

Astria's shared sequencer gives Lary Chain lots of optionality like sharing sequencing fees with users and the Sloth community.

This is something an L1 could not really do, cuz they have to pay validators first. As a rollup capturing sequencer fees, we can basically redirect it wherever we want. This is very powerful from an economic but also community perspective.

Will there ever be a $LAZY token?

"Lazy Chain is a Rollup, so we don't need a token to start things off. But this does not mean there'll never be a token."

"First, we want to see some traction, users and utility, only then it makes sense to think about a token."

Blockchains are community computers!

The strongest communities in crypto that have ever emerged are around profile picture like NFT collections such as Sloths or Penguins.

"Nowadays, that it's super feasible & easy to launch your own chain, it's the logical evolution of what vibrant communities will do next." @Nick

Enhancing the Memetics

- Lazy Chain will add to the meme value of the Sloth community.
- Tailored apps can be build to grow and extend the sloth storyline & lore.
- But it also adds utility to the community as it expands beyond just a PFP collection.

Celestia Mammothon

If your interested in modularity and building experimental stuff or consumer facing applications on Lazy Chain reach out to Paco and the Lazy Chain team, they'll be at the Celestia Mammothon.

And here's the link to the full Lazy Chain Unveiled Interview.

Thanks for reading folks!

We hope this article helped you stay up-to-date with the latest developments in the Cosmos.

Disclaimer

This article is intended to educate readers about certain topics and should not be considered financial advice in any way.