The ecosystem of Non-Fungible Tokens (NFT) is rapidly evolving. Every day, hundreds of initiatives are developed, some of which achieve immediate commercial success owing to their quality, distinctiveness, community, creativity, art, and vision, while others fail rapidly. Azuki’s, which consists of hand-drawn digital Shaolin samurais and rebellious smoking skateboarders, has quickly become the new NFT blue chip. This guide provides an explanation of the collection and all of its details.
What are Azuki NFTs?
Azuki is a digital trademark primarily connected with a collection of 10,000 avatars launched on January 12, 2022, by a group of Los Angeles-based artists. The distinctive qualities of these avatars, based on anime-themed paintings, have attracted the attention of NFT lovers worldwide.
Members of The Garden who own an Azuki have access to special NFT releases, streetwear collaborations, live events, and more. The designers define this location as “a corner of the internet where artists, builders, and web3 aficionados congregate to construct a decentralized future.” All Azuki’s have distinct hair, backgrounds, clothing, and accessories; some Azuki’s carry swords, a cup of coffee, a skateboard, or a Boombox.
Azuki Gaining Popularity
Azuki NFTs have been a prominent subject of discussion in the crypto world, not only due to their anime-inspired look but also because, quickly after their debut, they outsold some of the largest brands in the NFT market.
Azuki’s are the newest additions to the Pokémon franchise and have already amassed a considerable fan base. Alongside popular collections such as Bored Ape Yacht Club and CryptoPunks, this collection is regarded as a “blue chip” among the NFT community. At the time of writing, its total sales volume was slightly less than 190,000 ETH, valued at around $540 million. When dealing with non-fungible tokens, it is essential to be purchasing cryptocurrency from reliable and trustworthy websites like Altalix.
The Azuki collection made i an initial release of 8,700 avatars priced at $3,400. The collection sold for around $30 million and sold out within minutes. After the public auction, the developers launched a $2 million private offering where they sold sets of Azuki NFTs.
The collection’s base price skyrocketed rapidly after its unveiling and was already over 10 ETH later. However, it wasn’t until the end of March 2022 that Azuki’s soared in popularity, and their price began to approach 40 ETH.
Consequently, the most expensive Azuki NFT was sold (at the time of this writing). It was the Azuki #9605, which TraitSniper ranked second. The item was sold for a staggering 420 ETH, which at the time of sale was valued over $1.4 million.
Why Are They So Popular?
There are several explanations for Azuki’s rapid ascent to prominence in the bitcoin field. Art ranks first in the view of the majority of people. It inhabited a significant niche in the world of NFTs — anime — and set the bar for hundreds of subsequent initiatives. The Avatars are visually pleasing, and according to the developers, it simply “resonates” with the audience, particularly in Asia, where anime is far more popular. It is also vital to note that Azuki’s general market approach seems to be somewhat effective. Once the series began to gain momentum, the team revealed a highly-anticipated airdrop to its holders, rewarding them for their commitment while also expanding the Azuki brand.