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meta description: Azuki was first announced on January 12, 2022, and is an Ethereum-based profile picture project. This application was developed by four Los Angeles-based individuals who call themselves Chiru Labs. There are 10,000 anime-style PFP, each with their own unique characteristics and visual style.
(photo credit: Azuki Official)
AZUKI NFT and how its Trending
Chiru Labs, a startup in Los Angeles run by four pseudonymous founders called ZAGABOND, 2pm.flow, location tba, and HoshiBoy launched 8,700 Azuki NFTs on January 12th, 2022.
These anime-style characters were referred to as Azukis and were listed for an initial purchase price of 3,400 USD.
Those 8,700 NFTs were all sold out in an unprecedented and maybe even historic event; it didn't take days, weeks, or even hours. The first batch of 8,700 Azuki NFTs sold out in four minutes.
A few days after the collection was revealed, the Azuki NFTs in the collection raised $2million in a private sale. On February 15, four weeks after Azukis broke the record, CryptoPunks and Bored Apes were overtaken by the Azuki with an overall sales volume of $300 million.
Despite CryptoPunks and BAYC having lifetime trading volumes of an astronomical 1 billion USD and ranking as the top two cryptocurrency exchanges all-time, Azukis made quite a splash, notching $300 million in just 30 days.
According to reports, the Azukis describe themselves as "the skaters of the internet" and are planning to develop Azuki into an animated series, launch games, and produce exclusive merchandise.
On March 30, Azuki #9605 was sold for 420.7 ETH ($1.4 million) on OpenSea. Azuki NFT collection has achieved its highest price ever recorded. The Azuki #9605, deemed the second-rarest in the collection, was auctioned on the NFT exchange OpenSea on the day for a record-breaking 420.7 ETH ($1.4 million).
The Azuki Metaverse: The Garden
Azuki is a brand, its new kind of brand that the community builds together.
A collection of 10,000 avatars that give NFT owner membership access to The Garden. It starts with exclusive streetwear collabs, NFT drops, live events, and much more that will be revealed over time.
Community ownership in Azuki allows for a new genre of media which the world has yet to explore. An Azuki is your identity in the metaverse — let's build together.
The Garden is a corner of the internet where art, community, and culture fuse to create magic. The lines between the physical and digital worlds are blurring and the rules are being rewritten.
On March 30, the Azuki team hosted its very first garden party in Los Angeles for Azuki holders.
The furture of Azuki NFTs
The Azuki NFT offers more than hype - it provides utility as well. As mentioned above, holders gain access to The Garden, with an upcoming collection of streetwear collaborations, Azuki merch, NFT drops, live events, and more.
These digital collectibles are also expected to appreciate with time, like their real-life counterparts, partly due to their scarcity and uniqueness.
Its distinctive style and quality craftsmanship will be a delight for many art lovers. Many buyers purchase art for art's sake, rather than as an investment.
Although they have tapered after initial giddy heights, azukis have mainly maintained their value, The anime trend remains quite popular, especially in Asia.
Anime-art collection Azuki made its debut in the $41 billion market for NFTs with the hope of becoming a top brand for the metaverse. The project has so far exceeded expectations, and it is just getting started.
In addition to their unique collection, the Azuki team and community have proven to be dynamic, dedicated and innovative. Together, they have made Azuki a metaverse superstar.
The 7 Day Average. Price is 25.3583 ETH and the current floor price is 23.9 ETH as reported.
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