TL;DR
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Remember when we wrote yesterday about the Azuki NFT project’s release of a new series of 20k NFTs called ‘Elementals’?
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We speculated that “given the scale of the Azuki project,” they’re likely to offer more than just new art and access to a closed online community. GOOD. We were wrong. They didn’t.
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The Azuki team tripled the total supply of Azuki NFTs from 10,000 to 30,000 without really changing the art much (which is putting it mildly – see the image below).
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The release massively devalued the Azuki project as a whole, wiping out 44% of its total value since launch.
Full story
Okay, someone give us a bib!
It’s time for us to eat some words.
Remember when we wrote yesterday about the Azuki NFT project’s release of a new series of 20k NFTs called ‘Elementals’?
We stressed the importance of offering more than just new art and access to a gated online community…
Speculating that ‘given the size of the Azuki project’ they will probably go beyond…
GOOD.
We were wrong. They didn’t.
In fact, it seems that they (somehow) did fewer than that…
The Azuki team tripled the total supply of Azuki NFTs from 10,000 to 30,000 without really changing much about the art (which is putting it mildly).
For example…