Animecoin (anime), a new token supporting the Azuki NFT project ecosystem, gathered a market capitalization of over $350 million one day after its launch.
Anime, which is current trading hands at $0.063, has a fully diluted value (FDV) of approximately $630 million with approximately 5.53 billion tokens in circulation, according to Coinmarketcap as of press time.
Anime launched on January 23 with a total supply of 10 billion tokens. According to that of the project tokenomics Page, 37.5% of the tokens will go to the Azuki community with another 13% reserved to be controlled by anime holders through a future DAO for ‘community cultivation’.
The Azuki Foundation will receive 24.44% of the tokens, with the remaining approximately 25% split between the Azuki company, early contributors and partner communities including Hyperliquid’s Hype Stakers, Kaito Yappers and Arbitrum communities. These tokens reserved for early contributors, advisors, and Azuki employees will unlock for over three years, with a one-year cliff.
Animecoin is part of the anime-based Web3 network that Azuki and the Arbitrum Foundation are building. Upcoming launches include AnimechainA Layer 3 network built using Arbitrum’s Orbit technology that will use animecoin as a gas token.
The Azuki NFT project was launched by Chiru Labs in 2022 and features 10,000 digital artworks of anime-inspired figures. The project is one of the most popular NFT collections by weekly trading volume, hitting $31.6 million between January 12 and 19, the block’s data dashboard shows.
Chiru Labs also launched a virtual world for the Azuki ecosystem called Hilumia in January 2023, the Block previously reported.
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