Azuki Elementals Nft Mint Achieves Rapid Sell Out In Less Than 15 Fears that the elementals collection will dilute the appeal and value of the original azuki project have apparently led to a mass sell off for those nfts, as well. the floor price—or cheapest listed nft on a secondary marketplace—for azuki has fallen about 32% over the last 24 hours to a current price of 9.35 eth (about $17,650), per data. The azuki elementals nft drop sold out in 15 minutes, generating $38 million worth of eth. however, some holders are selling elementals below the mint price due to dissatisfaction with the artwork. the new nfts are nearly identical to the original azuki collection, leading to concerns about diluting.
Azuki Nft Project Nft Culture Nft Crypto Artists Curating Ideas Floor prices of chiru labs' popular azuki nft collection slid 44% in the past 24 hours after elementals, the company's new nft collection, was slammed by holders and market watchers. Azuki nft floor plummets as collectors blast ‘identical’ elementals art. the community’s adverse response triggered a widespread sell off of azuki nfts, which in turn led to a marked devaluation of the original azuki collection. Today’s azuki elementals launch was one of the hottest nft drops in quite some time, with 10,000 ethereum profile pictures (pfps) selling out in around 15 minutes and generating some $38 million worth of eth for chiru labs. but the vibe appears to be souring, as some holders are selling elementals well under the mint. Azuki, created by chiru labs, a group of los angeles based artists, is a developer of non fungible token art. the company released its first azuki collection back in january 2022. the company priced each digital piece for 1 eth each and managed to sell out. that means azuki first made 8,700 eth (priced at $3,400 each at the time).
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