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Azuki floor price is dropping despite selling out in around 15 mins

The aesthetics of the Azuki Elementals, which have Wizard of SoHo quipped, “Azuki stole their own artwork, wtf.”

The Milady Maker NFT project’s co-founder, Charlotte Fang, described the Azuki Elementals artwork as being “basically identical” to that of the original collection. Blue chip bagholders stunned, she continued.
It appears that there has also been a widespread sell-off of those NFTs due to concerns that the Elementals collection will diminish the attraction and value of the original Azuki project. According to information from NFT Price Floor, the floor price for Azuki—the lowest NFT listed on a secondary market—has decreased by around 32% over the last day, to a current price of 9.35 ETH (about $17,650).

Azuki was able to simultaneously destroy the perception of the genesis and the new collection. Extremely impressive,” tweeted Solana Legend, managing partner at Frictionless Capital, using a fictitious name.

Some collectors suspect that Chiru Labs intentionally faked out by releasing artwork from the Elementals that was essentially identical to it in the hopes that the Web3 company would update it and use the backlash to increase interest in the new collection.

An anonymous NFT collector and businessperson named Zeneca tweeted, “My money is on the Azuki team doing this on purpose, for FUD and attention, to update the metadata with epic art.”

If that were the case, Rohun retorted, “I feel like they would have made it more ironic.” “Frank” Vora is the brainchild behind the well-known NFT projects y00ts and DeGods.

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About MahKa

MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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