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Azuki — A Controversial yet Popular NFT Project
Azuki is a collection of 10,000 anime-inspired generative avatar NFTs that quickly gained fame within the NFT community. Launched in January 2022 by Los Angeles-based artists and developers, Chiru Labs, Azuki has been characterized by hype, lore, and controversy.
Initially, set to be launched via Dutch Auction, Azuki’s mint price was 1 ETH, with a gradual decline to 0.15 ETH. However, Azuki sold out its full supply in just three minutes, capitalizing greatly on influencer support and community hype.
The project’s roadmap, including immersive 3D experiences, merch, exhibits, and a native currency called $BEAN, quickly garnered attention and captivated collectors. The project’s early success was sustained by the $BEAN currency and the five percent royalty fee imposed on every Azuki NFT resale.
However, Azuki’s founder, Zagabond, was linked to several failed and somewhat controversial NFT projects, causing some controversy within the community. Even with this news, Azuki managed to weather the storm, maintaining its popularity and gaining further prominence as one of the fastest-growing NFT projects in the market.
It’s clear that within the NFT community, success seems to breed more success, and Azuki is a testament to this. Its popularity can be attributed to the timing of its launch, its unique aesthetic, and the allure of the Azuki universe.
Azuki will undoubtedly continue to evolve and make bold strides towards the future of web3, providing exclusive content and offers for members of The Garden. As of writing, the Azuki floor price has again risen and continues to be ever-present in the NFT community.
In conclusion, Azuki is a perfect example of a project that experienced both infamy and popularity in the NFT space. It’s a rollercoaster ride of highs and lows, but one thing is for sure — Azuki is here to stay.