Azuki’s latest NFT collection, the Elementals, opened up sales on Tuesday to major fanfare from passionate holders. The release was meant to reinforce the project’s foundations and propel the brand forward, but the mint was tainted with technical issues, questionable mint mechanics, and allegedly duplicated artwork that sunk the Azuki and BEANZ floor prices. “The team and I feel gutted over what happened. We wanted to put together a dope experience for you all,” said Location TBA, pseudonymous Azuki co-founder. “I take personal responsibility for what happened, and should have lengthened the presale windows.” Despite the mishap, the Elementals mint generated hype and brought in 20,000 ETH in primary sales, worth just over $38 million at the time. “They had two options: Do nothing, people sell, and the price goes down, or dilute their collection with even more NFTs, people sell, and the price goes down,” said NFT God, pseudonymous Twitter influencer. As PFP collections fight for dominance in a changing NFT landscape, it is important for creators to find solutions that deliver value back to their communities.
Azuki Elementals NFT Collection Launch Marred by Technical Issues and Alleged Duplicated Artwork
