Azuki NFT

While CryptoPunks are known to be the OGs of the NFT area, BAYC has developed a fervent fan-following among the elite in the music and sports industries. This is a testament to the quality of their work.

The price of non-fungible tokens does not appear to be decreasing anytime soon, despite the fact that celebrities like as Justin Bieber and Snoop Dogg, as well as sports superstars such as Leo Messi, have recently become owners of million-dollar NFTs.

It is possible to make the case that legendary NFT collections such as CryptoPunks were released much earlier than other collections, and that this is the primary reason why they have gathered such enormous value over the years. However, certain NFT initiatives, such as Azuki, were able to surpass their OG counterparts in terms of sales volume within a matter of months.

In this guide, we will discuss the Azuki project and provide our pricing forecasts for the upcoming years.

What are Azuki NFTs?

On January 12, 2022, a group of four individuals located in Los Angeles released 8,700 Azuki NFTs onto the market for general public purchase. This event marked the formal beginning of Azuki NFTs’ presence in the metaverse.

Azukis were the name given to the characters that were designed in the anime style, and the initial purchase price for them was 3,400 USD.

The Azukis are a collection of more than 10,000 avatars designed in an anime style.

Not in weeks, not in days, not even in hours, but all 8,700 of those NFTs were purchased in a single transaction, which may be an occurrence that has never happened before and may perhaps go down in history.

The initial batch of 8,700 Azuki NFTs were gone in less than four minutes after they were made available. In the annals of NFT launch sales, that ranks as one of the quickest transactions involving $29 million.

Collection of Azuki NFT Knives

A few days later, other Azuki NFTs that were part of the collection sold at a private offering for a total of $2 million. Then, after another four weeks had passed, around the 15th of February, Azukis had eclipsed the GOATs such as CryptoPunks and Bored Apes with a total sales volume of a record $300 million.

Although CryptoPunks and BAYC both have a lifetime trading volume of an astounding one billion USD and are the top two steps on the all-time trading volume podium, Azukis made quite an impact by notching $300 million in just thirty days.

The Azukis refer to themselves as the “skaters of the internet,” and its creators apparently have plans to turn Azuki into an animated series in the future, in addition to launching Azuki games and creating exclusive items for the franchise.

What is the total number of Azuki NFTs?

A collaborative effort in the Metaverse resulted in the creation of 10,000 unique avatars known as Azukis. It is a collection of “skateboarder” avatars in the style of anime that was designed by Chiru Labs, the startup company that was behind Azukis.

When it comes to the benefits, owners of an Azuki NFT are given membership access to a one-of-a-kind metaverse known as “The Garden.” They also receive invitations to exclusive streetwear collaborations, NFT drops, live events, and a variety of other experiences.

The Garden is a location in the metaverse that enables builders, artists, and web3 wizards to engage with one another and facilitates more participation in the ecosystem of the metaverse. In addition, owners of Azuki community ownership will have the opportunity to encounter a new category of media that has not yet been investigated.

The current cost of an Azuki

The cartoonish characters in the manner of anime that are known as Azukis each had a price tag of $3,400 when they were first introduced. After only about a month and a half had passed, the most costly NFTs owned by Azukis were selling for close to a half million dollars. Even the ones in the lower price ranges were going for roughly $40,000 each.

Although still ranks them eighth according to their metric of floor cap, it appears that the excitement around Azukis has died down a little bit in recent days. Prices can be extremely volatile, just like they are with any other cryptocurrency and NFT project.

Azuki Floor Price

At the moment, the floor price of Azuki is set at 9.3 ETH, which is equivalent to $23,904 USD. This indicates that interested customers can acquire an Azuki NFT for 9.3 Ethereum if they so choose. This is the lowest price at which one can participate in the Azuki initiative.

There is an additional method for purchasing an NFT, albeit one that is less common and possibly less successful, for a price that is even lower than the floor price. The mechanism of bidding on items on OpenSea is analogous to that of eBay in that interested buyers can submit bids or offers that are sensitive to the passage of time and can be for any price. You are free to proceed with making an offer for a lower amount, for example 5 ETH, despite the fact that the floor price of Azukis is 9.3 ETH.

Sales data and an average cost breakdown for the Azuki

Nevertheless, it is obvious that the likelihood of your offer being accepted is not very high at all. Why would someone who has already posted their NFT at the lowest price among other sellers within the same project accept an offer that is even lower than the price at which they have placed their NFT?

When it comes to purchasing an NFT, especially a high-valued one, purchasers ought to exercise prudence and avoid falling prey to relying on a single measure for their decision.

A single statistic is frequently insufficient to provide an accurate representation of an asset’s value in the actual world. The value of a non-fungible token (NFT) is determined in large part by a variety of factors, including utility and buzz.

The most important thing for potential purchasers to keep in mind is that, in the world of NFTs, the least expensive option is not always the best. A floor price can also be thought of as the price at which the weakest seller in the market is ready to compete with other sellers at the lowest possible price.

NFTs inside a project that are being sold at or close to the floor price typically do not have the same distinctive qualities or bespoke features as their million-dollar siblings who are also being sold within the project. As a consequence of this, the value of such NFTs might not be increased in any way.

The current floor price of Azuki is 24,386 USD, and there have been 43 sales and a total trading volume of $1,114,328 in the previous twenty-four hours.

In the past week, the Azuki with the greatest sale price was one that brought in $259,083, and the one with the lowest sale price was one that brought in $17,347. The Azuki project has a price floor cap of 243,864,050 NFTs and is presently placed sixth on the NFT Price Floor.

The value of Azuki: what factors contribute to its high price?

Across a variety of the most important non-fungible token marketplaces, Azukis have now generated close to 350 million dollars in transaction volume.

Within the past month, total sales of Azuki NFTs have easily surpassed those of some of the older and more popular tokens, such as the Bored Ape Yacht Club and CryptoPunks. This was achieved in a comfortable manner. As of right now, Azukis are the eighth-most traded non-fungible tokens, making them one of the best non-fungible tokens of all time in terms of trading volume.

In addition, the completion of the monetization of Azuki is not limited to the initial transaction. The company Chiru Labs, which is the startup that developed Azukis, receives a 5% royalty on the resale of each Azuki NFT.

Because of this, the developers have raked in an additional profit of 15 million USD in the form of royalties. It is important to keep in mind that this is in addition to the $31 million that it accumulated during the initial Azuki sale.

A survey that was conducted not so long ago on the business found that over a thousand new NFT collections are being introduced each and every month right now. But why do only a few of them bring in millions, while the vast majority of them are ignored and forgotten?

There are some investors who believe that the quality of Azukis is significantly higher than that of the other options. Some people believe that the sophisticated filters that may sort NFTs in the gallery on Azuki’s website by criteria such as the type of hat, facial expressions, and other such factors do make a difference.

Chiru Labs, the company that developed the Azukis, is one of the companies that was founded by Arnold Tsang. Tsang feels that “the rebellious culture of skateboarders” is the unique selling proposition (USP) of their idea and what connects with crypto and NFT aficionados.

However, the insatiable need for anime art is probably one of the most significant factors that has contributed to the surge in popularity of azukis.

Over the past few years, the popular online streaming service Netflix has significantly increased the amount of anime programming it offers. It was also announced near the end of the year 2020 that almost 100 million households had watched an anime show on Netflix between October of the previous year and September of the following year.

The “oN1 Force” NFT collection, which included characters from anime and debuted in the NFT space in August 2021 with an average price of $1,500, followed shortly after. Within a span of just two weeks after its introduction, the typical cost of a 0N1 NFT skyrocketed from $1,500 to $30,000. Unfortunately, not just interest in the project, but also its worth, quickly declined after that.

Chiru Labs’ long-term objective is to establish a financially stable company, which it intends to do by placing a significant amount of emphasis on the Azuki brand name. Chiru needs to devise a strategy to open up additional cash streams in addition to the royalties they receive from Azukis in order to bring their vision to fruition. Azuki, who are working in the same manner, have just released their apparel collection, which began with red coats around a month ago.

It would appear that this is the beginning of Chiru’s corporate development strategy, which requires access to an alternative dimension. Could the entertainment industry in Hollywood and on popular television shows be the next big thing for Azukis? No accomplishment is too difficult for a project that can generate $40 million out of thin air and that can do so only a few weeks after it has been launched.

Forecast of the Price of Azuki for 2022

At the moment, Azuki is having a hard time competing with other projects operating in the same sphere as it does, such as CryptoPunks and Bored Ape Yacht Club.

Over the previous week, the AZUKI has experienced a decline of over 10.4%. It has continued to display potentially dangerous frame parts for the past few days. In spite of the fact that it had a high trading volume in the past, it is highly unlikely that it will be a lucrative asset in the near future.

On the other hand, in the long run, the value of Azuki should go higher because there is a likelihood that the shortage will cause prices to go up. The consensus among financial industry professionals is that the AZUKI token’s price will peak at $0.037 by the time 2022 comes to a close. Azuki’s price was $0.030 when the month of March began, and it is expected to finish the month at $0.0258.

This month’s AZUKI price is expected to range anywhere from $0.0204 to $0.0301, with $0.0301 being the highest and $0.0204 the lowest.

Since it was released on January 11, 2022, OpenSea reports that Azuki has amassed close to 350 million dollars in total sales volume since it was introduced. The daily average of the number of transactions involving Azuki has decreased by around 66%, but the price at which Azuki is being sold has dramatically increased.

Although Azuki’s average sales and volume have decreased, the company’s average sales price has increased by over forty percent in the span of around one month. Based on this trend, it appears that there are still a significant number of aficionados who are willing to fork over hefty sums of money in order to acquire these anime-inspired NFTs.

How to Buy an Azuki NFT

NFTs can be traded using the blockchain technology on specialized exchanges like Binance, Coinbase, and eToro. As is the case with major cryptocurrencies, the AZUKI NFT, which has been listed on a number of crypto exchanges, cannot be bought with fiat cash in the same way.

Because of this, before you can acquire an Azuki, you will first need to buy a major cryptocurrency such as Ethereum or Bitcoin on a decentralized cryptocurrency exchange or a cryptocurrency exchange that accepts fiat currency as payment. You won’t be able to proceed to an exchange that deals in Azuki until this step has been completed first.

Ether appears to be the preferred choice when it comes to trading Azuki, despite the fact that Bitcoin and other cryptocurrencies are used to buy and sell the vast majority of NFTs.

Step 1: Register for an account with

If you do not already have an account with eToro, you will need to sign up for one so that you can purchase Ethereum. Users would be asked to give their email id in addition to clicking on the “Get Started” button in order to create an eToro account.

Because eToro will utilize the name you supply on the platform to verify your account, you must ensure that the name you submit is your true name. After that, you will be prompted to select a password for your account, which must, of course, be robust in order to prevent it from being hacked.

Following the completion of the account setup process, you will be sent a confirmation email that must be used to validate and activate your eToro account. In order to set up two-factor authentication for your account, you will first be prompted to give a valid mobile phone number after clicking on the link that has been supplied.

It is strongly suggested that you have this turned on at all times because it provides an additional degree of protection for your account.

Step 2-Verify your eToro account.

The final phase of the procedure is called KYC, which stands for “Know Your Customer.” During this phase, the regulatory agencies will check your identity. Due to the fact that the procedure is now entirely automated, finishing it should not take more than fifteen minutes.

To purchase Ether after the Know Your Customer step is complete, you will need to add a payment method. You have the option of providing a credit or debit card, or you can select a bank transfer method. When using a card, a greater transaction fee will be assessed, but the transaction itself will take place much more quickly.

It is highly dependent on the nation in which you reside as to whether or not a bank transfer is slower but also less expensive than other payment methods.

After completing these steps, the process of setting up your eToro account will be finished, and you will then be able to establish a wallet on the website.

Step 3 – Open an eToro wallet

To get started with buying Ether, you will first require a self-custodied cryptocurrency wallet. The eToro wallet is one of the most popular solutions to purchase NFTs, and it is offered as both a mobile app and a browser extension. Additionally, this wallet may be used to store digital assets.

Step 4 – Buy Ethereum

In order to proceed to the next phase, you will have to purchase some Ethereum.

Enter “Ethereum” into the search field on the eToro website, and then select “Trade” from the menu that appears to the left of the screen. After you have done this, you will be able to confirm your transaction and finish the purchase of your cryptocurrency.

Step 5- Connect your wallet to an NFT Marketplace.

You should now head over to an NFT marketplace that sells Azuki NFTs and use Ethereum to make a purchase there. After you have completed the setup of your eToro wallet, it is time to purchase an Azuki NFT from an NFT marketplace.

Where Can I Buy Azuki Non-Ferrous Toys?

Both and currently have listings for the sale of Azuki NFTs.

Choose the Azuki NFT and enter the quantity of ETH that you wish to trade it for. Be sure to set aside enough ETH to cover the “gas” costs associated with the transaction. Simply proceed with the purchase by following the on-screen directions and entering the required information.

Congratulations. You have been accepted into the Azuki club and “The Garden” metaverse, both of which are exclusive memberships.

What Does the Future Hold for Azuki NFTs?

It is possible to get an idea of the commanding position held by Azukis by considering the fact that anime-based NFTs are engaged in a battle with CryptoPunks and Bored Ape Yacht Club in an effort to claim the top spot in the rankings for NFT collections. Azuki is a brand-new anime NFT collection that was just released earlier this year and has already made over $300 million in sales in its first month of availability.

These anime-based NFTs had an initial worth of $3,400 each when they were first released; but, after a short period of time, the collection made approximately $29 million in sales. The highest priced Azukis now cost half a million dollars, while the least expensive ones cost 36 thousand dollars; this demonstrates the return on investment (ROI) of investing in NFTs.

In addition to this, Chiru Labs, the company that developed Azuki, has already made more than $31 million from the initial sale of Azukis. Chiru Labs receives a 5% charge on every resale of an Azuki NFT, bringing the total amount of royalties it has collected from the sale of Azukis to $15 million. According to OpenSea, it is now the sixth most traded collection in the world, and ether sales have reached $344 million.

According to those responsible for developing Azuki, future plans include for the creation of a television show, video games, and several other products based on the franchise. The ownership of an Azuki allows entry to a metaverse known as “The Garden,” as well as to some extremely rare drops and experiences. Azuki is in the process of developing a distinctive brand for the Metaverse, and in order to do it successfully, they require participation from the community of users.

The lines that divide the real and virtual worlds are becoming increasingly blurry, and those who bear the Azuki are getting themselves ready for what’s to come.

Are Azukis Going to Be the Best NFT to Invest in During 2022?

Azuki was able to establish a dominant position in the NFT market within just a few short months of its inception, both in terms of the volume and number of sales it generated. Because of its meteoric rise to the top of the NFT charts, it is abundantly evident that anyone interested in NFTs should begin collecting Azuki as soon as humanly feasible in order to be in a position to demand the amount they desire from others who are considering purchasing these NFTs.

Lucky Block’s Platinum Rollers Club line is another another reasonably priced alternative to NFT options. The launch of this collection is scheduled for the month of March, and it will include a total of 10,000 NFTs. The lucky owners will be entered into daily prize draws, giving them the chance to win valuable prizes. One advantage is that the Lucky Block NFTs collection may be purchased for only $1,500 as opposed to the Azuki NFTs collection, which costs $40,000.

If we look at the metrics, we can see that Luckyblock has the potential to become one of the top alternative coins right now. For instance, the LBLOCK Telegram channel has over 42,000 members, and the token’s market cap in its first month of trading came close to $1 billion completely diluted. This was accomplished despite the fact that the token’s supply was limited.

After only one month on PancakeSwap, the price of an LBLOCK token skyrocketed to its current all-time high, marking a 70-fold increase from its presale price. The Platinum Rollers Club collection of 10,000 NFTs includes 25 “Rare Edition” NFTs. These NFTs grant their owners greater jackpot rewards when they win daily lottery draws and are included in the collection. In general, we believe that purchasing LBLOCK would be a wise financial move. For additional information, please refer to our NFT calendar for 2022.

Already, there is a considerable amount of excitement about the Lucky Block NFT collection. If you are interested in purchasing this collection, please click the link provided below to join the Lucky Block Telegram channel and obtain additional information regarding the forthcoming NFT drop.

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