NFTs-Trading Volumes Spike on Azuki NFTs After Creator Admits to Failed Projects


What are Azuki NFTs? 

NFTs-Azuki is a digital brand mostly associated with its collection of 10,000 avatars

Who’s Behind Azuki NFTs?

Behind Azuki NFTs is Churi Labs, a startup composed of several members with vast experience in crypto, art, and gaming, all of them joining forces to bring a recognizable brand to the metaverse.

Azuki NFT Floor Price: How it Started and How it Goes

The Azuki collection debuted on January 12, 2022, with an initial release of 8,700 avatars — each priced at $3,400 at that time.The collection sold out in a matter of minutes, registering about $30 million in sales. After the public sale, the creators held a private offering in which they sold sets of Azuki NFTs for another $2 million.

Why Are Azukies So Popular?

There are plenty of reasons why Azuki became a blue chip in the cryptocurrency community in such a quick fashion. Number one, in the eyes of most people, is art. It occupied an important niche within the field of NFTs – anime – and it set the standard for hundreds of projects after it. The Avatars are aesthetically pleasant, and in the words of Zagabond – it just “resonates” with the audience, especially in Asia, where anime is a lot more popular.

Creator Admits to Failed Projects

An anime-inspired NFT collection of avatars, Azuki, had been serving up some stiff competition among industry-leading collections such as Bored Ape Yacht Club and Clone X since the project’s January launch. The digital collectibles, whose prices are plummeting, are now at the forefront of the latest NFT (non-fungible token) controversy.Azuki’s founder, known as Zagabond, published a blog post about his history prior to launching Azuki, revealing he was behind three NFT collections — CryptoPhunks, Tendies and CryptoZunks — that were abandoned by their founders. In response, many Twitter users dubbed the projects rug pulls or scams that were never intended to be built.