- 1 Azuki NFT project is rumored to collaborate with the Weeb3 Foundation.
- 2 The hype just boomed Azuki’s price from 6.06 ETH to 7.96 ETH in a day.
Azuki NFT, the anime-inspired NFT project is back in the game, experienced an outstanding increase in its floor price. A single tweet from Azuki’s account altered the game, and hyped the existence of the project in the NFT ecosystem, taking the price from 6.06 ETH to 7.96 ETH.
What Actually Happened with Azuki NFT?
The project shared a tweet from Weeb3 Foundation on X, on January 06, 2024.
Retweeting the post generated a series of rumors of the partnership of Azuki NFt with Weeb3 Foundation. The rumor sparked the performance of Azuki NFT, which hit above 7 ETH, according to CoinGeecko data.
However, the action also connects the project with other factors. The rebranding of Weeb3 Foundation, especially the ANIME token looks very similar to Azuki’s marketing. This factor connects the two projects, expecting ANIME to become the next Azuki token.
Furthermore, SanFranTokyo, an NFT project also retweeted these posts, showcasing a connectivity between the NFT projects and generating an idea of joint venturing. Based on recent news, SanFranTokyo and Azuki heavily invested in ANIM3 tokens. The partnership could be larger than expected.
However, the situation with the NFT market is a bit complex, specifically in terms of US-based operations. There are problems with legal consequences with the SEC, adding another issue to this rumor.
Additionally, the NFT community has produced mixed responses to the scenario. A few of the members applauded the Azuki NFT project for the joining hype whereas some expressed concerns about the NFT token’s uncertainty.
However, the potential partnership between Azuki and Weeb3 Foundation, if realized, will open new doors in the realm of NFTs, mainly in the anime sector. Additionally, the NFT community is eagerly waiting for a positive response.
Azuki NFT’s Current Performance
Azuki NFT entered the phase of recovering its floor price. Uncovering the price history, the NFT project experienced a downturn in the floor price at the end of June 2023, when the prices declined from 17 ETH to 6 ETH and even 3.5 ETH by mid-August 2023. 3.5 ETH is Azuki NFT’s lowest selling price.
However, the project made it possible to change the curve direction, raised by 47% hitting 5.3 ETH in October. The retweet, on the other hand, lifted the NFT’s price to over 7.96 ETH.
Azuki NFT is a brand for the Metaverse and is mainly known for its uniqueness. The project holds a collection of 10,000 avatars, allowing owners to experience the world of anime. The NFT collection was launched in January 2022 and offers the NFT community anime-themed Profile Pictures. Emerging as one of Web3’s strongest brands, Azuki is one of the most thriving NFT debuts ever seen.
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.