The popular collection of Azuki NFTs appears to be experiencing a floor price increase, thanks to rumors of a possible partnership with Weeb3 Foundation. Sharing a tweet from Weeb3’s Azuki has sparked these rumors.
Azuki NFT: The floor price increases thanks to rumors about the collaboration with Weeb3 Foundation
It was Saturday January 6, 2024when Azuki, the popular NFT collection, shared the Weeb3 Foundation tweet on his X account.
This move would have happened sparked a series of rumors about a possible partnership between the twoto the point that the prices of the NFT collection saw a rapid increase.
And indeed, according to what CoinGecko shows, the floor price of Azuki NFT on that January 6 was 6.06 ETH, while the next day the price shot up to 7.96 ETH.
Since then, Azuki NFT has reached a price of 6.09 ETH on Saturday, January 13, while for all other days the floor price was above 7 ETH. At the time of writing, the minimum price of Azuki NFT is 7,238 ETH.
In these 12 days since the retweet that triggered a possible collaboration with Weeb3 Foundation, there have been no official announcements about this. This means that the rumors have remained just that.
Azuki NFT and the rumors of a collaboration with Weeb3 Foundation
However, beyond retweeting, there appear to be other factors linking the two projects. On the one hand, the rebranding of the Weeb3 Foundation, led by the ANIME tokenseems to be very similar to Azuki’s marketing.
In this regard, the rumors indeed speak of that ANIME could become Azuki’s next token.
Another factor that makes us believe in the partnership is that SanFranTokyoanother NFT project that has invested heavily in the ANIM3 token, retweeted these messages, further consolidating the idea of a joint venture.
Overall, the partnership could be the start of an ecosystem for anime brands, which is a fairly unexplored area in NFT collections.
However, given that the NFT project is based in the United States, there are concerns about potential legal ramifications for the SEC.
The recovery of the bottom price
The Azuki NFT Collectionfamous for its profile pictures used by the crypto community is located in a phase of recovery of the bottom price.
And indeed, if you look at the price chart, it looks like the latest crash has happened at the end of June 2023, when the price dropped from 17 ETH to 6 ETH.
Not only that, mid-August 2023the reserve price of Azuki’s NFT collection was 3.5 ETH.
The curve then made a change in direction from October 2023. In just one month, the collection’s bottom price has even increased by 47%, reaching 5.3 ETH.
So with the start of 2024, Azuki NFT has not yet returned to 5 ETH, especially after the pump of the first Saturday of the year.