The Azuki NFT Collection experienced a sharp decline with its base price decreasing by 54% in the last 7 days, falling to a level of 6.85 ETH

Azuki NFT, one of the most successful NFT collections of all time, is currently facing a challenging period due to harsh criticism from the community this week.

The Azuki NFT Collection experienced a sharp decline with its base price decreasing by 54% in the last 7 days, falling to a level of 6.85 ETH

According to OpenSea data, the base price of Azuki NFT has dropped by 16% in the past 24 hours, reaching a level of 6.85 ETH, and experienced a 54% decrease last week.

The base price of Azuki Elementals has decreased by 19.49%, reaching 0.95 ETH. Beanz, on the other hand, has a base price of 0.3838 ETH, representing a 10.37% decrease. Despite the commercial success of the anime-style NFT collection planned for Elementals, it is noted that it has not yet achieved the expected target. Some of The Azuki NFT Collection owners expressed disappointment due to the resemblance of the new Elemental collection to the previous one and the significant price drop on June 28, 2023.

The Azuki NFT team has received criticism from NFT enthusiasts, accusing them of incompetence when releasing the latest NFT. Some individuals question the uniqueness and value of the Azuki NFT Collection, stating that the local missiles token’s price dropped by 34% within 24 hours after the release of Elementals.

Despite the new price drop, sales are still around $38 million, but some claim that this is mostly due to purchases made by existing buyers and that they have not been successful in attracting new buyers. Azuki’s official Twitter account has released a statement acknowledging their mistakes and accusing them of finding an “ambitious target.”

About Azuki

Azuki is a digital brand consisting of a collection of 10,000 avatars predominantly created by an artist group based in Los Angeles, released on January 12, 2022. These avatars possess unique characteristics based on anime-themed illustrations, attracting the attention of NFT enthusiasts worldwide.

With a focus on digital art and the utilization of non-fungible tokens (NFTs), Azuki has captured the imagination of collectors and enthusiasts alike, offering a diverse range of visually appealing and distinctive avatar designs. The release of this extensive collection marks a significant milestone in the intersection of art, technology, and blockchain, showcasing the growing popularity and potential of NFTs within the global art community.