Chiru Labs’ renowned Azuki NFT collection has seen a significant 44% decrease in floor prices within the last 24 hours
Azuki NFT Collection Experiences 44% Price Drop Following Release of Similar Elementals
This drop comes in the wake of the release of Elementals, the company’s new NFT collection, which has been met with criticism from holders and market observers. The new collection, which was launched on Tuesday, managed to generate $38 million within the first 15 minutes.
However, the similarity between the new Elementals and the original Azuki collection, which was released in February 2022, has sparked controversy within the community.
Elementals: Chiru Labs’ New NFT Collection Faces Backlash for Resemblance to Azuki
The Elementals collection was first introduced at a holders-only event in Las Vegas called “Follow the Rabbit.” Despite the initial excitement, the community’s response post-sale has been largely critical.
Many have pointed out that the new NFTs bear a striking resemblance to the Azuki collection, contradicting the unique branding story that Elementals was initially associated with.
Charlotte Fang, the creator of the popular Milady NFT collection, expressed her disappointment on Twitter, highlighting the similarities between the two collections.
Elementals: A Cheaper Version of Azuki? Market Observers Weigh In
A comparison of the two collections reveals similar features in terms of facial structure, angle, and overall vibe. This has led some market observers to label Elementals as a cheaper version of the main Azuki collection.
The backlash and subsequent price drop of the Azuki NFTs post the Elementals release raises questions about the future of Chiru Labs’ NFT offerings and the impact of similar designs on the value of NFT collections.
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