NFT Project Azuki Seemingly Aligns with Weeb3 Foundation, Sparks Speculation of Partnership
Azuki, a popular NFT collection, caused a stir over the weekend as it followed and shared tweets from Weeb3 Foundation on platform X. This move resulted in a notable increase in the prices of the Azuki NFT collection. Expectations surrounding the upcoming Azuki token were said to be the driving force behind the 33.3% surge in prices.
The fact that Azuki followed and reposted Weeb3 Foundation’s tweets immediately fueled speculation of a potential partnership between the two organizations. Interestingly, Weeb3 Foundation’s rebranding efforts, driven by the token ANIME, align closely with Azuki’s marketing strategy. Consequently, market rumors have emerged suggesting that ANIME may be Azuki’s forthcoming token.
There are reports suggesting that Azuki and SanFranTokyo, both of whom retweeted the Weeb3 Foundation’s message, might be collaborating on the development of a shared virtual asset. This partnership could potentially pave the way for an ecosystem dedicated to anime brands, a relatively unexplored area within the realm of NFT collections.
However, it is worth noting that Azuki’s operations are based in the United States, and concerns have been raised regarding potential legal implications with the SEC.
The response to Azuki’s actions has been mixed, with some applauding the move as a step towards capitalizing on the current hype. Nevertheless, many remain uncertain about the future of Azuki’s token, opining that the project should have launched its token earlier, immediately after the ApeCoin’s launch.
As of the time of writing, the price floor for Azuki NFTs stands at $17,967, with a 24-hour sales volume of 5,187 ETH. The project currently boasts a total of 10,000 minted NFTs, held by 4,318 unique owners, and has a market cap exceeding $179 million.
Azuki ranks at #7 in terms of NFT Price Floor, with a floor cap of 80,000 ETH. The listed ratio is 5.05%, and the project has a maximum supply of 10,000 tokens.