Chiru Labs, the leading web3 company behind the Ethereum-based NFT collection Azuki, has exciting news to share. The firm is about to launch Azuki Elementals, a new NFT collection with 20,000 NFTs that will delight collectors and enthusiasts alike.
The first 10,000 Azuki NFT holders have already received an airdropped token for one of the Elementals, accounting for half of the entire supply. With the release of this new set, Azuki Elementals will introduce a fresh wave of profile picture NFTs (PFPs).
The Azuki Elementals sale opens on Tuesday, June 27 at 9:00 AM PT. ⁰Elementals will be available to reveal immediately after sale ends.— Azuki (@Azuki) June 25, 2023
Full details below. 🧵 pic.twitter.com/hKBwzIUE58
The upcoming release of the latest NFT collection, which follows the highly successful Azuki project. In 2022, Azuki was ranked as the top-ranking new and original NFT project based on trading volume.
The most anticipated Elementals from this new collection will be available today via a Dutch auction starting at 9:20 a.m. PST. Each NFT will begin for 2 ETH (approximately $3,750) and decrease every 5 minutes until all pieces are sold out.
The final NFT selling price will be the same for all buyers, ensuring fairness. Early customers will also receive reimbursements for any price differences. According to CryptoSlam, an analytics business, Azuki has reached an incredible trading volume of over $1 billion thus far, creating anticipation for the forthcoming Elementals collection.
Unfortunately, the blue-chip NFT collection, which has a key place on the Ethereum network, has just decreased its floor price drastically.
At the time of writing, Azuki’s floor price has dropped from 17.5 ETH to 14.99 ETH.
The Market May Be On The Mend.
So, how does the market fare? Following a major drop in worldwide non-fungible token sales since early 2022, coinciding with the bear market, data shows a resurgence of NFT sales during the current bull run, as evidenced by a $7 million ordinal deal.