Home
NFT

Azuki has an interesting 24 hour

0 Comment

In the last 24-36 hours, the Azuki project has witnessed significant ups and downs, including the cost of project tanking, and has since recovered almost immediately.

The Azuki founder acknowledges abandoning past projects

To tell their story and perhaps inspire the next generation of creators, the founder of Azuki, popularly known as Zagabond, inadvertently forced people to lose interest and respect for the Azuki NFT project as part of the previous three projects abandoned by the establishment. Team.

The identity of Azuki’s founder is not known publicly, but a private personality is active on Twitter with zagabond handle. The vagabond recently shared the following On Twitter, “That bull, or bear, is shaping the future of Azuki Web 3. We’re doing it for the long term.

Builders need to experiment with web3 to challenge Web2.

নির্মিত Built on learning from creating Azuki Funks and other projects. It taught me to lead, not to follow. “

The founders share their NFT history story in a blog post that reveals their involvement with the Twitter thread in failed projects, such as cryptocurrencies, tendis and cryptophones – abandoned by their respective teams.

It’s safe to say that the posts received a backlash from the NFT community, with many believing that the news was about to be leaked by a third party, so Zagabond and his team decided to share it first.

Following the announcement, the value of Azuki in OpenSea dropped from 19 ETH or $ 44,033.26 to a low of 10.9 ETH or $ 25,216.19. The rest will look at how Azuki’s floor price rebounded almost instantly and what development might mean for a larger NFT ecosystem.

Azuki Fortune Reverse

Floor prices have fallen nearly 50% in 24 hours since Azuki allegedly pulled a rug, but Azuki sales have risen more than 800% in an unexpected development. By the end of the day, NFTs worth more than $ 50 million had changed hands in the market.

At the time of making this piece, more than $ 710 million in total sales have been processed since Azuki’s launch in February this year. Based on historical data, CryptoSlam now considers the Azuki project to be the eighth largest NFT collection behind other great and truly huge NFT projects.

What does the future hold for the Azuki collection?

There is so much to unpack with recent developments from Azuki, with many on Twitter claiming that the last 36 hours of Azuki’s existence have been scripted up to an extraordinary rally to increase daily trading volume by 800% in 24 hours from the bombastic Twitter post.

Whether or not the project’s crash and emergence was scripted, there’s no denying that the news did irreparable damage to the project’s brand. It should be noted that as of 11 May 16:10 UTC +0, the floor price of the collection in OpenSea is 9 ETH.

Support us through our sponsors



https://blog.indiablogger.in/azuki-has-an-interesting-24-hour/

Baca juga

Post a Comment

Post a Comment