Azuki, a leading NFT collection, made a significant move on Saturday by following and reposting Weeb3 Foundation’s tweets on platform X. This action led to a sudden surge in the prices of the NFT collection, with a notable 33.3% increase attributed to the anticipation surrounding the upcoming Azuki token.
The decision by Azuki to engage with Weeb3 Foundation’s tweets sparked speculation about a potential partnership between the two entities. Observers noted the striking similarity in the marketing strategies of Azuki and the rebranded Weeb3 Foundation, driven by the ANIME token. This prompted rumors within the market that ANIME could potentially be the upcoming token associated with Azuki.
Furthermore, reports suggest that Azuki and SanFranTokyo, which also retweeted the shared tweets and recently launched the ANIM3 Token, may be collaborating on a virtual asset. This potential partnership could mark the beginning of an ecosystem for anime brands within the NFT space, presenting an intriguing opportunity within an underserved market segment.
However, the US-based operations of the NFT project have raised concerns about potential legal implications involving the SEC. Despite the mixed responses to Azuki’s actions, with some applauding the move while others expressing uncertainty about the project’s future, the NFT collection continues to attract attention within the crypto and NFT community.
As of the latest update, the floor price for Azuki’s NFTs stands at $17,967, with a 24-hour sales volume of 5,187 ETH. Notably, there are currently 10,000 minted NFTs held by 4,318 unique owners, resulting in a total market cap exceeding $179 million. With a floor cap of 80,000 ETH, Azuki is ranked #7 in NFT Price Floor, boasting a listed ratio of 5.05% and a maximum supply of 10,000 tokens.
Overall, Azuki’s recent actions and market performance underscore its growing significance within the NFT and crypto industry, presenting both opportunities and challenges as it navigates partnerships, regulatory considerations, and market dynamics.
