Frequently Asked Questions

Frequently Asked Questions

-What’s the story behind these lizards?

The original ethlizard collection was created as an NFT experiment in the Illuvium degen trading channel. As the success of ethlizard holders grew, the ethlizards became a status symbol for Illuvium’s degen trading channel. The Alpha and success of ethlizard holders became legendary: there are now millionaires in the lizard ranks.

The idea of sharing Ethlizards alpha and success beyond the original 100 Genesis lizards is what inspired the creation of Ethlizards (AKA Version 2) - The Underground Lizard Lounge.

-How Many ethLizards will there be?

There will only ever be a maximum of 5050 lizards in the current ethlizards collection.

**-Can I still Mint an ethlizard? **

All of the ethlizards have now been minted. The current collection of 5050 will be the only Lizards ever minted in this collection.

To join the Underground Lizard Lounge you can head over to one of the three current recommended NFT Marketplaces and join the ethlizards in the underground lounge.

OpenSea: https://opensea.io/collection/ethlizards

Looksrare: https://looksrare.org/collections/0x16de9D750F4AC24226154C40980Ef83d4D3fD4AD

Universe: https://universe.xyz/collection/0x16de9d750f4ac24226154c40980ef83d4d3fd4ad

-Why have I not heard of Ethlizards until now?

The team decided very early on that we would prefer to grow organically, concentrating on building a strong community with strong utility that ensures value flows to every Ethlizard, rather than simply building hype.

The core team strongly believes this is the way to build a project and community that lasts. We are very glad that you are here!

-What is the Utility/Roadmap for the Ethlizards?

A recent proposal has been overwhelmingly passed by the community, significantly changing the original direction of the ethlizards DAO.

A good overview and summary of the Proposal can be found in the attached slide deck.

Ethlizards Proposal Deck

TLDR: Essentially, what initially began as a gaming and rewards focused DAO, has now with overwhelming support of the community, become a GameFi DAO.

5 Point Vision:

  • To become the largest investment DAO in GameFi.

  • 80% of ethlizards DAO funds reserved for early-stage GameFI investments/DeFi Investments.

  • Access to seed/pre-seed investment deals normally only available to large funds.

  • Drive value back to Ethlizard holders through profit distribution.

  • Position ourselves as the premium PFP project within GameFi.

Community Snapshot Vote Can be found here: https://snapshot.org/#/ethlizards.eth

-What is a DAO, and more specifically what is this ethlizards GameFi DAO?

A DAO is a “Decentralised Autonomous Organisation” which essentially means that Governance and decisions are made in a decentralised Manner, for the community and by the community. As a GameFi DAO, ethlizards will be focused on making strategic placements of capital into early stage GameFi projects via a specialised and democratically elected ethlizard council.

Through our strong ties to the GameFi Industry and contacts, the council will have access to opportunities that are not usually available to anyone outside of Venture Capitalists and whales. Expertly capitalizing on this, with the goal of bringing value directly to Ethlizards is the focus of the GameFi DAO.

-What is Staking?

Staking is the process of locking or placing your ethlizard in smart contract as means of proving ownership and qualifying for profit distributions.

The staking mechanism will reward those who continue to stake and those who have staked the longest. In addition to all the other benefits, this will decrease the already scarce 5,050 circulating supply driving further value to ethlizard holders.

-Will there be a Token?

There are no plans for an Ethlizard token. We don’t believe in creating un-necessary complexity. Your Lizard is your Token.

-I hear there are Celebrities involved?

As word and knowledge of the Underground Lizard Lounge begins to permeate through the wider NFT community, undoubtedly we will have a number of celebrities as Lizard Holders.

We love to have celebrity ambassadors for the ethlizards and already count some notable holders in our ranks:

-Wen Updated Website?

We aim to have an updated website by the end of the month. In the interim, enjoy the alpha!

-What are the Founder Lizards?

The Founders Lizards are the first 10 Ethlizards in this collection ever issued.

These were a special set of 10 Ethlizards recipients selected by Kieran Warwick to be ethlizard ambassadors with artwork created by Illuvium Core Artists, Rogier and Marco.

You will find some of the Founders holders lurking, chatting, helping and even (unofficially) advising here from time to time.

-What is the Ethlizards Connection to Illuvium?

The original ethlizard collection was created as an NFT experiment in the Illuvium degen trading channel. As the success of ethlizard holders grew, the ethlizards became a status symbol for Illuvium’s degen trading channel. The Alpha and success of ethlizard holders became legendary: there are now multiple millionaires in the lizard ranks as a result of these early formative days.

The idea of sharing Ethlizards alpha and success beyond the original 100 Genesis lizards is what inspired the creation of Ethlizards (AKA Version 2) - The Underground Lizard Lounge.

Kieran Warwick the Co-Founder and CEO of Illuvium, is a key advisor to this project and can often be found chillin’ it with the lizards in the underground lizard lounge.

He is also the author of the pivotal Ethlizards proposal for the formation of the GameFi DAO.

-What are the Auction Lizards?

The Auction Lizards are 5 yet unrevealed and unhatched, ethlizards. They will be Unique 1/1’s specially drawn for Auction.

Initially these Auction Lizards were going to go directly to the vault, but we will be creating a proposal soon to have 100% of these funds directed to a worthy cause.

We think this is a great way to give back, but of course this is entirely up to the community.

-Is there any utility for the genesis collection?

Genesis Holders of Ethlizards currently hold the Iguana Role and have access to their own channel.

At this stage there are no further plans for Genesis Utility. The Genesis collection is a completely rare collection of 100 Lizards but currently does not benefit directly from nor currently contribute to the Vault. This may change in future if decided by the community.

-Wen Opensea Verification?

We have reached out to Opensea for verification, in addition to this taking some time, the information we have been given is that the entire Collection must be revealed before it is verified. This means the Auction Lizards also need to be revealed.

-Who is Jeff?

The legend of Jeff is a tale best reserved for a beer at the table in the back of the seediest bar on lizard island. We hope to see you there!

**-Finally a question asked of Kieran Recently “Do you reckon it’s possible Ethlizards could pull a CryptoPunks or BAYC-style success story?” **

That’s the plan. Like DeFi adopted Punks, GameFi will adopt Lizards.

-Kieran Warwick

In the Media:

*The last question came from a great interview with Kieran Warwick about the ethlizards which can be found at.

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