$107,814.00
2.13%$2,432.06
-0.11%$2.20
-0.11%$647.18
0.67%$144.28
0.39%$0.999842
-0.01%$0.272935
-0.35%$0.165843
0.98%$2,430.70
-0.17%$0.571012
-2.14%$107,541.00
2.15%$37.39
-0.36%$2,923.53
-0.52%$483.33
6.70%$2.77
-0.06%$13.22
-1.19%$9.01
-1.44%$0.243065
-1.92%$17.74
-1.87%$0.999841
-0.00%$2.85
-1.30%$48.10
0.14%$0.00001168
0.68%$2,432.07
-0.12%$84.86
0.18%$0.15102
-1.49%$2,596.92
-0.42%$1.00
0.02%$315.21
-0.36%$1.00
0.01%$3.40
-1.16%$4.33
1.16%$107,685.00
2.01%$0.632381
17.57%$6.97
-1.06%$0.00000967
-2.38%$258.95
-2.16%$1.18
-0.02%$4.92
-0.32%$51.04
1.97%$330.02
-4.77%$1.00
0.00%$2.15
-1.41%$4.86
-1.20%$174.68
0.31%$0.08226
-2.10%$16.42
0.24%$0.770055
-0.11%$1.057
0.01%$27.77
-3.75%$0.999541
-0.05%$0.611888
0.64%$0.077313
4.22%$16.18
-0.83%$4.43
-0.17%$4.03
-0.57%$0.02122587
-0.61%$9.07
-1.42%$107,547.00
2.34%$0.66562
-0.41%$0.080012
-5.26%$3.12
-2.59%$0.179437
-1.13%$0.287814
3.26%$0.261095
-1.88%$0.314463
-2.22%$0.178341
-1.91%$2.27
-1.47%$1.001
0.24%$4.39
0.43%$0.896472
-1.97%$2,432.32
-0.01%$0.999917
-0.01%$99.05
-1.17%$11.05
0.04%$152.47
0.43%$0.999636
-0.07%$1.31
-0.07%$0.413534
0.77%$1.22
1.96%$0.01739257
1.44%$0.198462
-3.79%$2,770.95
-0.19%$2,546.25
-0.08%$1.62
0.50%$11.32
-2.19%$0.00001387
-0.93%$0.676336
2.06%$1.00
-0.01%$0.999729
0.01%$1.003
-2.04%$0.314497
-6.58%$1.48
-7.89%$0.546298
-2.01%$0.999658
-0.01%$0.058731
-2.19%$107,574.00
2.05%$2,602.02
0.04%$2,552.63
-0.08%$3,344.09
0.11%$1.11
0.03%$107,443.00
1.82%$2.99
0.66%$646.90
0.68%$108,262.00
2.25%$3,332.30
0.34%$2,560.26
0.09%$0.812316
-3.56%$0.081967
-1.07%$0.504823
-0.28%$0.414456
-1.14%$0.534201
-5.93%$161.51
0.48%$187.74
0.25%$111.55
0.01%$2.19
-0.43%$0.00007221
-1.22%$2.03
-2.38%$2,627.92
-0.07%$0.682332
0.12%$41.69
-1.71%$0.801495
-4.17%$0.998585
-0.02%$0.01030447
1.55%$0.621724
13.48%$0.01354576
0.18%$1.088
0.05%$0.702547
-1.95%$31.56
2.89%$18.69
-0.70%$0.01371187
-2.44%$0.158445
-2.20%$0.249933
-1.80%$107,258.00
2.03%$0.00966583
-0.13%$0.997903
0.01%$0.226071
-1.06%$0.0000006
-0.31%$107,351.00
2.03%$0.415735
-0.42%$0.531569
0.06%$0.01639968
10.54%$37.35
-0.57%$3.41
-2.37%$0.548981
4.40%$2.02
-1.04%$2,432.74
-0.07%$2,432.55
-0.05%$0.093273
-2.87%$0.326391
-0.80%$2,560.00
0.00%$2,602.60
0.15%$107,674.00
2.28%$0.25942
-0.18%$0.9995
-0.04%$0.608953
-1.47%$2,432.10
-0.07%$1.00
0.01%$1.35
-1.26%$8.13
5.20%$0.174811
8.10%$0.407513
-2.52%$0.999806
-0.01%$0.060865
1.75%$1.40
1.26%$0.00000044
7.97%$0.999985
0.02%$46.09
-2.18%$37.33
-0.62%$0.16551
0.97%$1.091
0.00%$1.005
1.94%$2.21
-2.11%$0.405002
-2.13%$1.001
0.03%$0.03981449
-5.41%$5.55
-0.75%$1.002
0.10%$2,417.82
-0.65%$0.00386397
5.71%$0.00001925
1.40%$0.0065827
-0.99%$13.38
-1.94%$2,575.30
-0.39%$0.110809
-3.90%$0.312827
-6.86%$0.00400475
-7.50%$0.00000094
0.89%$2.23
-1.23%$0.48359
-2.94%$0.360434
1.62%$0.07101
0.20%$0.50274
-0.47%$1.22
1.70%$0.938368
-3.04%$1.45
1.16%$1.12
-2.30%$0.03527052
-0.16%$0.163414
-1.11%$2,678.33
-0.21%$108,645.00
3.60%$0.133446
1.64%$107,478.00
1.95%$0.03351812
-5.83%$0.33421
-4.02%$0.00383916
-8.82%$0.999922
-0.01%$19.84
0.40%$2,658.22
-0.13%$4.88
-2.92%$0.01653071
-1.14%$0.999049
-0.03%$2,431.53
-0.13%$0.04439372
-2.21%$0.999893
0.15%$157.39
0.56%$0.00005597
1.00%$0.99998
-0.01%$10.11
1.01%$2,426.16
-0.33%$0.00346604
1.44%$108,524.00
2.97%$1.07
-3.02%$108.72
-0.98%$0.438239
-1.49%$0.02895919
-4.92%$0.708338
-5.99%$0.060428
-2.26%$0.671506
-3.97%$17.75
-1.82%$0.603555
-0.16%$1.00
-0.13%$0.278171
-3.72%$104,460.00
2.08%$0.00517112
-1.45%$1.66
-1.29%$2,164.10
2.08%$0.591676
-4.45%$1.21
0.38%$1.018
0.15%$0.00000128
-0.51%$0.179167
-1.18%$103,676.00
1.12%$0.180743
0.02%$14.66
1.42%$19.93
0.31%$0.00352151
-3.52%$5.77
-5.14%Reading
“Azuki is dead,” declared the host of a Twitter Space titled “The Death of Azuki” Monday evening.
The bold assertion—which was somewhat tongue-in-cheek—follows the release of a blog post from pseudonymous Azuki founder Zagabond, who shared today that he was previously involved in a few lackluster NFT projects that some labeled as “rugpulls.”
NFTs—unique blockchain tokens that signify ownership over an asset—can have volatile price fluctuations, and the Azuki collection on the Ethereum blockchain is no exception.
Within hours of Zagabond’s post being published, the Azuki collection’s starting price, or floor price, declined from roughly 19 ETH ($41,800) to about 10.9 ETH ($24,000).
But Azuki hasn’t exactly been having the greatest month in terms of floor price, either. The collection's starting price is down 56% in the past month and nearly 63% in the past week, according to data from NFT Price Floor. To some extent, this larger decline is partly due to crypto and NFT markets crashing across the board.
Last week, Yuga Labs’ massive Otherdeed NFT mint, for virtual land deeds in the Bored Ape Yacht Club metaverse realm Otherside, clogged the Ethereum mainnet with transaction demand. This triggered a gas war and network chaos that could have been prevented altogether, according to E.G. Galano, the co-founder and general manager of Ethereum infrastructure provider Infura. While Yuga Labs saw $561 million in trading volume in just 24 hours, the mint became the sixth-largest source of burned Ethereu...
Self-described “on-chain sleuth” ZachXBT expressed concerns about the Azuki founder’s blog post and accused Zagabond of “rugging” on previous projects. A rugpull is when an NFT project founder releases a project with an ambitious roadmap, only to abandon said project (with their money) after the primary sale.
Please read my post in full. We delivered everything that was promised for these collections. Do I wish they were more successful? Of course. There was no product-market fit at the end of the day, but that doesn’t mean it’s a rug.https://t.co/Z2enFov8m9
— ZAGABOND.ETH (@ZAGABOND) May 9, 2022
But Zagabond denied the rugpull accusations levied against the Tendies, the CryptoPhunks and the CryptoZunks (the latter two of which derive their art from the CryptoPunks NFTs).
“Do I wish they were more successful? Of course. There was no product-market fit at the end of the day, but that doesn’t mean it’s a rug,” Zagabond said.
In the blog post, Zagabond described the CryptoPhunks as a “parody project,” said the Tendies NFTs “wound down” after only minting out about 15% of the meme collection, and suggested the CryptoZunks project has “limitations due to gas costs on Ethereum killing the product experience.”
But some NFT enthusiasts appear to be taking advantage of Azuki’s declining price. The collection saw a high spike in sales, with over 300 sold on secondary marketplaces in a single day.
NFTs have provided digital artists with new ways to monetize their work by introducing scarcity to the market, but other creative fields can also benefit, performance art duo Operator told Decrypt. The performing arts have a “similar issue” to digital artists, explained Ania Catherine, who works with collaborator Dejha Ti as Operator. Prior to the advent of NFTs, Catherine said, “Digital artists were in a position of being in a service industry, working for advertising firms, the film industry,...
Yuga Labs is serious about refocusing on the Bored Ape Yacht Club, the Otherside metaverse game, and related projects. On Friday, the crypto startup said that it had sold off yet another previously acquired NFT project IP, dumping the Moonbirds property that it purchased just over a year ago. The buyer is Orange Cap Games, a young gaming startup that builds digital and physical trading card games. The firm's first game, the Pudgy Penguins-themed Vibes TCG, launched on Ethereum layer-2 network Ab...
OpenSea has ended the beta phase of its reengineered marketplace, dubbed OS2, bringing full token trading across 19 blockchains, a new on-chain rewards system called “Voyages,” and structural changes that hint at its upcoming token launch. “OS2 is the foundation for the next generation of OpenSea,” CEO Devin Finzer told Decrypt. “We’ve rebuilt the platform from the ground up to become the best destination for everything on-chain, from NFTs to tokens, across chains and communities.” The rollout r...
