Azuki’s latest NFT expansion, Elementals, raked in an impressive $38 million in just 15 minutes. The NFTs, based on the four Azuki elements of earth, fire, lightning, and water, were first teased at a holders-only event in Las Vegas. A portion of the 20,000 NFTs were airdropped to holders, while the remaining NFTs were available for purchase beginning at 9 a.m. PT. Holders of Azuki and BEANZ NFTs were given a 10-minute presale minting window, and according to Etherscan, the wallet address that holds the Elementals mint funds amassed 20,000 ETH.
However, many buyers were unable to obtain an Elemental NFT due to technical issues on the minting platform. Chris Lepensky, data lead at DAO operations firm Utopia Labs, called the experience a major L. Location tba, one of the co-founders of Azuki and its parent company Chiru Labs, tweeted that the mint experience was not up to the Azuki standard.
Later on Tuesday, Azuki revealed the NFT artwork to holders, allowing them to trade on the secondary marketplace.