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- New Launch, Azuki Elementals raised $38 million in 15 minutes.
- Azuki floor price saw a 31% decline in 24H.
Azuki, a prominent NFT brand, is currently making significant strides in the digital art sector. With the recent introduction of “Azuki Elementals,” they find themselves navigating the challenges of a potential downtrend while aiming for their ambitious targets. In terms of achievements, Azuki successfully raised $38 million in merely 15 minutes during their latest release.
Nonetheless, the recent slump in the NFT market has affected them, with Azuki Elementals now valued at 1.65 ETH, which is below the original price of 2 ETH. The overall Azuki brand NFT collection has seen a considerable drop, leading to a decrease in the Azuki floor price to 10 ETH, marking a 31% reduction within just 24 hours.
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Importantly, Azuki Elementals provided 20,000 NFTs inspired by the four elemental forces: earth, fire, lightning, and water. These digital collectibles feature varying levels of rarity traits, which remained undisclosed until the time of purchase.
Azuki Elementals Sparks Excitement Amidst Challenges
Through the sale of Azuki Elementals, the official Azuki team (0x3A…6305) received 20,000 ETH, which was subsequently transferred to the multi-signature address of the Azuki team (0x2a…60AA). Notable purchasers included luggis.eth ($1.53 million), christian2022.eth ($1.39 million), beanwhale.eth ($1.09 million), and suicide.eth ($0.51 million), among others.
The NFT drop employed a Dutch auction format, starting at a price of 2 ETH ($3,800) per NFT. Additionally, 10,000 Elementals NFTs were airdropped to current Azuki NFT holders over the weekend, further benefiting their community.
Zagabond, the pseudonymous co-founder of Azuki, conveyed enthusiasm in an interview with a well-known crypto media outlet, stating, “Azuki Elementals expands the universe we created with the original Azuki collection. This represents our most ambitious artistic endeavor to date…”
Looking forward, the team intends to reveal the stunning Elementals artwork and commence secondary trading. Ultimately, by pursuing innovative paths, Azuki continues to engage the NFT community with its creative approach and captivating artwork.
