Azuki is set to launch a new NFT collection with 20,000 tokens. Introducing Azuki Elementals. Here’s everything you need to know.
- Get ready for the launch of Azuki Elementals, as it brings a new wave of NFTs to the art world. If you own an Azuki NFT, you’ve already received a special token for one of the Elementals.
- Chiru Labs, the masterminds behind Azuki NFT, are expanding their project with the Elementals collection, featuring 20,000 unique NFTs. The auction will start at 2 ETH and decrease in price every 5 minutes until all pieces are sold.
- Despite a recent dip in Azuki’s floor price, the project has achieved impressive trading volume, surpassing $1 billion. This signifies the potential for a revival in the NFT market, with exciting deals like the $7 million Ordinal deal fueling optimism.
The Next Phase: Azuki Elementals
Get ready, because the highly anticipated launch of Azuki Elementals is just around the corner, as announced by Azuki’s official Twitter account. The exciting journey into the world of Azuki starts on Tuesday, June 27th at 16:00 UTC.
If you’re one of the lucky 10,000 current owners of Azuki NFTs, you’ve already received an airdropped token for one of the Elementals. This exclusive token accounts for half of the total supply and sets the stage for what’s to come. This collection consists of 20,000 unique NFTs, ready to capture the imagination of art enthusiasts and collectors alike. Azuki Elementals serves as a worthy sequel to the immensely successful Azuki project. Azuki dominated the charts in 2022, boasting the highest trading volume among new and original NFT projects.
The Elementals from this highly anticipated collection will be up for grabs through a Dutch auction. The initial price per NFT is set at 2 ETH (around $3,750), gradually decreasing every 5 minutes until every piece finds its new owner. Interestingly, this was the same model that the Azuki collection used at launch.
Additionally, what makes this auction even more exciting is the pricing mechanism. The final sale price of the NFT will determine the price paid by all buyers, ensuring fairness and transparency. Moreover, early birds will receive refunds if the price decreases after their purchase.
Analyzing the Performance
CryptoSlam, the trusted analytics platform, has highlighted Azuki’s outstanding trading volume, surpassing an impressive $1 billion to date. Given the impressive numbers, many anticipate that the upcoming Elementals collection will surpass all expectations.
However, it’s important to note that while Azuki holds a prominent position in the NFT space, it has recently experienced a dip in its floor price. At the time of writing, the floor price dropped from 17.5 ETH to 14.99 ETH, reflecting the fluctuating nature of the market, as well as this bear market.
Despite the challenges faced by the NFT market in recent times, there are clear signs of a revival. Now, NFT sales are gaining momentum once again. Just recently, a remarkable $7 million Ordinal deal marked a potential resurgence.
So, gear up and mark your calendars for the launch of Azuki Elementals. This collection by Chiru Labs promises to bring some excitement back to the NFT space, taking us on a journey through Azuki’s creativity and innovation.