Is the current layout of Azuki a "value depression" or a "bottomless abyss"?
Author: Asher
AnimeChain launched
In order to further expand ecological development, on the evening of March 27, Arbitrum Foundation announced that it would cooperate with popularNFT brand Azuki and Weeb3 Foundation to jointly create AnimeChain, a Web3 network that attracts animation fans. For a time, the community was filled with the FOMO sentiment of "Azuki issued the chain just for the purpose of issuing coins in the future. Friends who hold NFT are blessed." Affected by this news, the floor price of Azuki exceeded 6 ETH in a short time, with a maximum increase of nearly 14%.
Image source: AnimeCoin launched
But then negative comments came in on the X platform. They believed that "Azuki currently chooses nodes in the bull market to issue coins through chain issuance in order to cash out", "Arbitrum actually helped the Azuki project party to harvest retail investors", etc., and the floor price also fell.
Secondary market
According to Blur.io data, when it was announced that the Arbitrum Foundation, Azuki and the Weeb3 Foundation would join forces to launch a blockchain-driven animation network, Azuki’s floor price rose rapidly from 5.25 ETH, to a maximum of 6 ETH, in a short time The highest increase was nearly 14%, but then the price began to be smashed, and the price was even more intense. The floor price was even lower than before the news was released. The current floor price remains around 4.91 ETH.
Beanz also experienced a rapid rise in the short term, with the floor price rising from 0.25 ETH to 0.30 ETH, with a short-term maximum increase of nearly 20%. Then there was a certain degree of decline. The current floor price remains at 0.26 ETH, which is the same as the floor price before the increase. Flat.
In general, such heavy news stimulated the purchase demand for Azuki series NFTs for a short period of time, but was later overshadowed by stronger selling pressure, and even gave people the feeling that "nothing happened".
future development
According to Azuki founder Zagabond, the current main focus of the team is still to build Azuki into a global animation IP, create digital and physical experiences and reward collectors. Looking to the future, expanding Azuki's role to AnimeChain as the primary launch partner will prove that it is feasible to bring IP products and experiences to the chain.
It is worth mentioning that at the Azuki Shanghai event that Zagabond attended recently, he stated that he is Chinese and was born in Harbin. This is his first return to China in more than five years since the epidemic, and he hopes to better connect the East and West. Fang community, perhaps the promotion of AnimeChain will increase publicity in the country.
Source: Azuki founder Zagabond’s tweet
But so far, AnimeChain has released very little information. On the one hand, judging from the information on the AnimeChain official website, currently only functions such as connecting wallets and binding Twitter allow users to promote the project. Other content has not been announced yet and is in a "stay tuned" state.
Image source: AnimeChain official website
On the other hand, in the official tweet, apart from emphasizing that AnimeChain will provide power for the animation cultural movement and ecosystem, there is no follow-up development or even roadmap of the project.
Source: Official Twitter
Perhaps the lack of information disclosure is another reason for the rapid decline after the Azuki NFT series rose.
Overview
Although the overall market is currently in a bull market, the NFT market on the Ethereum chain is still deserted. Therefore, even the former leading NFT project like Azuki, coupled with the news of "chaining", cannot stimulate market enthusiasm. Then, in the face of the potential increase in currency issuance opportunities in the future, there is still great uncertainty in the current layout of the Azuki series of NFTs.
