Many people identify with the Azuki brand, from ardent NFT collectors to everyday people. Here is all the information you need to know about the collection, whether you possess one or not.
The ecosystem for Non-Fungible Tokens (NFT) is developing quickly. Every day, hundreds of ventures are started; some of them succeed fast in the market because of their quality, originality, community, creativity, and vision, while others fail soon.
When it comes to instant success, smoking skateboarders and hand-drawn digital samurais, Azukis, have emerged as the new NFT blue chip.
In this guide, we examine the collection and everything it has to offer in greater detail.
How do Azuki NFTs work?
Azuki is a digital brand that is most famous for its release of 10,000 avatars on January 12, 2022 by a group of artists in Los Angeles.
The distinctive features of these avatars, which are based on drawings with an anime theme, have drawn the interest of NFT fans all around the world.
As a member of The Garden, users who own an Azuki get access to exclusive NFT releases, streetwear collaborations, live events, and more. A “corner of the internet where artists, builders, and web3 aficionados unite to create a decentralized future,” as the site’s designers put it, according to the creators.
All Azukies differ from one another in terms of their hair, backgrounds, costumes, and wearables; some of them carry swords, cups of coffee, skateboards, or boomboxes. As an illustration of some:
Azuki Increasing His Notoriety
Azuki NFTs have gained a lot of attention in the cryptocurrency world, not only for their anime-inspired design but also because they quickly outperformed some of the most well-known brands in the NFT industry in terms of sales volume.
Azukies have only been available for a few months, but they already have a sizable following. Among other well-known collections like Bored Ape Yacht Club and CryptoPunks, the collection is regarded as a “blue chip” in the NFT community. As of the time of writing, it has sold a total of little under 190,000 ETH, which is equal to $540 million at the moment.
Take a look at the project’s history and the people behind it before we get into what makes Azukies so popular. We’ll also go through their initial and current values and how they’re performing in the NFT market.
Azuki NFTs: Who’s Behind Them?
Behind Azuki NFTs is Churi Labs, a firm made up of numerous individuals with extensive backgrounds in gaming, art, and cryptocurrency who have come together to create a distinctive brand for the metaverse.
The majority of them maintain anonymity. Although they may remain unidentified, their art speaks for themselves.
The project’s creator uses the Twitter name Zagabond to communicate online. He asserts to have collaborated on multiple decentralized initiatives and business titans like Google.
Hoshiboy, the chief designer, Location Tba, a software engineer who claims to have previously worked at Facebook (META), and 2PM.FLOW, another developer, are the other principal participants of the project.
Although Zagabond had previously said that their names will ultimately be revealed, the majority of them are choosing to remain anonymous for the time being. In the crypto industry, anonymous engineers aren’t that rare; the Bored Ape Yacht Club crew was likewise anonymous until being doxxed.
Arnold Tsang, a well-known conceptual artist from Toronto, Ontario, is also listed as a co-creator. His prior work in the video game business has earned him recognition, particularly with the well-known first-person shooter game Overwatch, which was supported by the American video game corporation Activision Blizzard.
Together with the team, Tsang will work to make Azukies more than just digital collectibles. They want to create a sustainable business by bringing in new income, such as the introduction of the Azuki clothing line, which is already being designed and produced, and they hope to expand into TV shows and the entertainment industry.
Azuki NFT Floor Price: History and Current Situation
On January 12, 2022, the Azuki collection made its debut. There were initially 8,700 avatars available, each of which cost $3,400 at the time.
The collection made around $30 million in sales in a couple of minutes. The designers then launched a private offering where they sold Azuki NFT sets for an additional $2 million after the initial public sale.
The collection’s floor price quickly rose after the announcement and was already above 10 ETH less than a month later. Azukis didn’t really take off in popularity until late March 2022, when their floor was edging closer to 40 ETH.
Additionally, this resulted in the selling of the most costly Azuki NFT (at the time of this writing). It was the Azuki #9605, which TraitSniper ranked second for. At the time of the transaction, the item was sold for a staggering 420 ETH, or more than $1.4 million. It appears as follows:
Why Is Azukies Such A Hit?
There are several explanations for why Azuki rose to prominence in the bitcoin world so quickly. For the majority of people, art comes first. It set the bar for countless initiatives that came after it and filled a significant need in the NFTs market—anime. The Avatars are visually appealing, and in Zagabond’s words, it “resonates” with the audience, particularly in Asia, where anime is much more well-liked.
“I’ve talked to a few Asian investors, and they told me that this was their first NFT buy,”
Tsang, however, asserts that Azukies represent the “rebellious culture of skateboarders” and adds that it resonates with the crypto community.
It’s also vital to note that Azuki’s general marketing plan appears to be succeeding. The team revealed a much-anticipated airdrop to its holders once the series picked up steam, rewarding them for their commitment and elevating the Azuki brand at the same time.
There isn’t much that can be written about the BEANZ collection as of this writing because the team hasn’t released much of anything, which is another factor in the project’s designation as a blue-chip.
Since the beans themselves have not been exposed, BEANZ has not yet been made public. On March 31, they were airdropped to Azuki owners, and each owner received two brand-new NFTs. Two BEANZ were given to each holder. They now have a floor price of 5 ETH, or almost $14,000 per coin.
Users will be able to couple BEANZ with their Azukis after they are born without having to modify the original NFT. Only two of the 10 BEANZ characters have been revealed thus far:
What stores sell Azuki NFTs?
The two most popular items to purchase from the Azuki collection are LooksRare and OpenSea. Remember that in order to utilize OpenSea, you must link your self-custody wallet, such as MetaMask, Coinbase Wallet, or one of the other alternatives offered.
You must locate the official collection after you’ve connected your wallet (simply put in “Azuki” and choose the collection with the blue checkmark). It’s as easy as finding an NFT you wish to purchase, clicking on it, and choosing the Buy option.