While the European crypto world is in the midst of a psychodrama and we wonder what sauce we’re going to be eaten with, some NFT collections are still nicely snapped up at a premium! It seems that there is definitely a separate market for digital artworks and the recent sale of an Azuki for over a million dollars confirms it. Let’s take a closer look at what this is all about.
An original NFT collection in many ways
Given the highly subjective nature of art in general, it seems complicated to tell you what we really think of this collection. Some will find it extraordinary! While others will only see jpegs in it… It is the same for digital art since the advent of the famous NFT. We will try to keep a cool head. Not to get dizzy with all those millions of dollars and just tell you about Azuki.
Chiru Labs is a start-up based in Los Angeles. It launched its NFT collection last January. The founders are four anonymous people who call themselves: ZAGABOND, 2pm.flow, location tba and HoshiBoy. They say they have worked in companies such as Google, Facebook or DeFi giants. There are 10,000 animated avatars in the collection, here are a few to give you an idea of the atmosphere.
According to The Block Research NFT analyst Thomas Bialek, its popularity was driven by several factors:
- Azuki is one of the first projects on the theme of animated avatars to go mainstream
- the team’s experience in large technology companies and DeFi
- original initiatives in the project roadmap: access to discounts on physical goods “forever” as well as the $BEAN governance and DAO token.
Azuki # 9605 went for $1.4 million
The idea of the team is to offer an advanced experience to the user. To not just offer illustrations. Thus, owning an Azuki gives you a privileged access to The Garden, and frankly it makes you want to:
“The Garden is a corner of the Internet where art, community and culture merge to create magic. The boundaries between the physical and digital worlds are blurred and the rules are rewritten.”
As a result, Azuki sales have exceeded $500 million in sales volume to date on OpenSea according to The Block Research. Its top 10 sales are between $353,000 and $1.4 million. But let’s get back to the point, or rather our Azuki. Azuki # 9605 is the second rarest in the collection. It sold last Wednesday for 420.7 ETH or 1.4 million dollars on the day of the sale.
In this new world where avatars are the rule, we can tell you that the seller is an active member of the RedBeanDAO who introduces himself as “trebooomin” on Twitter. The seller, on the other hand, would be a certain Jason whose Twitter account is Bitcoin4Freedom. So much for introductions, you know everything about this case.
The sales of NFT Azuki are close to the best collections on the market. CryptoPunks or Bored Ape Yacht Club (BAYC) have a serious competitor in the digital galleries of enthusiasts of the genre. But beyond decorative art, a whole range of uses for NFTs is on the horizon and no doubt they will be used in the future.