Azuki

What is Azuki NFT?

Unique hand-drawn artworks were the first creations to be tokenized within the blockchain. But that was soon taken over by the pixelated collectibles. Azuki is an NFT project that focuses on bringing back the old days when hand-drawn artworks ruled the crypto space. And it has been successful for the most part.

Azuki crypto, zen and anime-themed avatars

Azuki NFT is a collection of 10,000 hand-drawn NFTs that give users access to The Garden. The project is inspired by crypto, zen and anime aesthetics, and states that it is a corner of the internet especially designed for the creators, artists, and Web3 builders and enthusiasts to come to create a decentralized future for the NFTs. Access to an Azuki NFT gives holders a chance to be a part of random airdrops, an exclusive discord, and experiences within the Azuki ecosystem.

Each Azuki comprises 12 traits: background, clothing, ears, eyes, face, hair, headgear, mouth, neck, offhand, special, and type.

It is important to know that Azuki is more than just an NFT. It is an NFT ecosystem with many NFTs, such as beans, masks, gates, and skateboards.

The Azuki collection was created by a Los Angeles-based startup known as Chiru Labs. They aim to create a decentralized metaverse. Zagabonds leads the team as a whole.

Due to the unique artwork of Azuki and the brand-forward approach it takes toward NFTs, Azuki overtook Bored Ape Yacht Club for a while as the highest-selling NFT project. Soon, other projects started to take note, leading the Azuki NFT developers to create 3D avatars for each NFT to interact with the metaverse projects, such as Decentraland and the Sandbox.

What was Azuki mint price?

Azuki price was 1 ETH for those lucky enough to mint one the day the collection was released. But by the time it ended up on Opensea after the end of the public sale, the floor price of the project was already 9 ETH. It then went through a parabolic upswing at the beginning of April 2022 and peaked at 29 ETH on May.

However, the arrival of the bear market created a sell pressure, and the price of this crypto plunged to near 7.5 ETH. Despite that, Azuki NFT has been able to stay afloat during this downtrend of the market because of its utility and brand power, and it’s currently trading sideways within a wide range (between 8 ETH and 12 ETH).

Azuki NFT: Origins and Vision

Azuki founders paint themselves as the skaters of the internet. They are trying to blur the lines between the physical and the digital worlds – blending them.

The community of Azuki seeks to “challenge the status quo, communicate boldly and push the boundaries.” At its core, this project aims to create a decentralized brand with a community-owned metaverse.

According to the Mindmap of Azuki, there are three core values of the Azuki NFT project:

Community first: For Azuki, everything must start and end with the community. They prioritize ensuring no centralized bodies are ever there to deter the project’s core philosophy. Dope Stuff only: It is easy to see by looking at the Azuki project that creativity is something they hold in high regard. The team makes Azuki out to be a community that’s “creative, brave and relentless”. They don’t want to follow trends; they want to create them. They are trying to find their own path in a market saturated with artwork-based NFTs. Trust the process: The third value Azuki puts on its sleeves is trusting the process. The devs say they understand that decentralization is a slow process, and things won’t move as quickly as centralized movements. Furthermore, even if a project is decentralized, that doesn’t mean there is no one to lead. The project aims to ensure that all the contributors and the team can grow together within the ecosystem.

With that ideology, the Azuki project has tried to move forward, creating opportunities for underdog artists who want to capitalize on their artworks.

Who created Azuki NFT?

Azuki was created by four anonymous founders who came together to create Chiru Labs, a Los Angeles-based startup focusing on creating a decentralized space for NFT artists, content creators, and NFT builders. These founders have a background in cryptocurrency markets, blockchain technology, and crypto gaming.

The four founders are led by ZZZZagabond, a crypto expert rumored to have been born in China. It is not unusual for an NFT project to be headed by anonymous individuals. However, the team was soon joined by a fifth member, Arnold Tsang, a concept artist known for his work in Overwatch.

According to Tsang, NFT Azuki aims to have a big IP with animated series games, merchandise, and more.

Why is azuki NFT so popular?

Azuki is a brand-forward NFT project in the crypto space. It led to the project achieving major growth in the past. The most notable aspects of this NFT are:

Community-Focus The Azuki project is completely focused on the community. The developers have a full—time moderation team on discord. They are paid moderators who ensure that the conversations within the Azuki community are professional and consist of ideas that can actually help the project. Currently, Azuki Grants are in progress. Under this program, artists will be issued a grant to create technologies and other NFTs within Azuki.

Metaverse The metaverse is the highlight of Azuki. However, unlike the 3d worlds that most visualize a metaverse to be, the Azuki team considers the community’s interaction on Discord and Twitter as part of the metaverse. However, the plans also include gaming. Currently, Azuki is working towards Bobu Fractionalization. That is, Azuki #40 is being fractionalized into ERC 1155 tokens.

Real Life NFTs Azuki is working towards real-life NFTs, such as streetwear and collectibles. The core team is about to be expanded, and the IRL events are about to arrive. Also, there is news that Meta-games will also come. The community will take part in these games to unlock new experiences.

What are the benefits of holding an Azuki NFT?

Azuki NFT was one of the first projects that overtook Bored Ape Yacht club as the highest-selling NFT. The artworks have this cool predisposition that many appreciate. YouTubers have come out to say that they “Believe in the project’s vision”.

In the official mind map, Azuki has planted the so-called “Seedlings”, which signal its future roadmap.

Partnerships The team is currently working towards collaboration with other brands to move forward.

DAO Azuki is also exploring Decentralized Autonomous Organization to ensure that the community holds control of Azuki’s development.

What are Azuki Beans?

BEANZ NFT is a spin-off collection that was released as an Azuki airdrop. Initially, the receivers of the airdrop got piles of dirt that would turn into bean husks with baby BEANZ coming out from. Owners of BEANZ NFT get access to a private Discord channel. Two types of BEANZ were airdropped: Toshi, the red BEANZ with hoodie and cap that holds a cold storage ledger in his left hand. Gus (or Les), the blue BEANZ with a jacket full of badges, panama jack boots and wool cap, that holds a graffiti spray in his right hand.

Rarity Azuki valuations

Here is the breakdown of the traits and attributes of the Azuki NFT collection. Traits and attributes are the main factors that determine the rarity and, consequently, the Azuki value of each item on the collection.

Rarity: Azuki character traits

8 types of backgrounds 98 items of clothing 32 variants of Ears 27 types of Eyes 19 types of face 123 styles of hair 36 types of headgear 30 types of mouths 15 variants of necks 53 offhand accessories 9 specials 4 types of characters

There are overall 423-character traits for Azuki NFTs.

Azuki floor price

Azuki NFT is now available to purchase on many secondary markets. Users only have to connect their wallets and swap their ETH to do so in a seamless way. However, it is always important to first carefully analyze the market and not FOMO if you want to get the best rates.

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