NiftyNoon: Azuki Persists Despite FTX
Azuki sales remain consistent while crypto explodes (November 18, 2022)
Nifty Thought
Azuki is an extraordinary project in many ways. Despite all the controversies surrounding the project, it has persisted as a top 10 project by market cap. Furthermore, it has held up remarkably well in the face of the FTX collapse. Perhaps the strongest endorsement of Azuki’s strength is with the high-end Spirit Azukis. During the peak of the NFT bull market early this spring, a Spirit Azuki would trade for roughly 1 Bored Ape Yacht Club. Today, a Spirit Azuki trades for about 2.5 Bored Ape Yacht Clubs. Very few projects can claim that stability.
Azuki’s tenacity is likely due to the incredible community Chiru Labs has cultivated. While the project is polarizing to many, the people that like Azuki seem to have a deep admiration for it. This admiration ranges from new NFT entrants that aspire to one day own a bean to even billionaires such as Adrian Cheng. Regardless of how people feel about Azuki specifically, it is undeniable that they are writing the playbook for creating strong web3 token-gated communities. From collaborations with AMBUSH to sponsoring Formula 1 racers, Azuki is a Project that other founders would be wise to study, especially what’s happening in Azuki’s garden.
Project News
10KTF teases a collaboration with the Otherside after the Yuga Labs acquisition announcement:
Genesis, the lending partner of the Gemini Earn program, is seeking an emergency $1 billion loan by Monday:
Tim Ferriss teases his highly anticipated NFT project:
Coachella NFT collection goes missing amidst FTX fiasco:
Coachella NFT Collection Goes Missing As @FTX_Official Implodes buff.ly/3gjd58H The @coachella #NFT collection that promised lifetime passes to the festival is now in limbo as FTX implodes.
Community News
Two Azuki spirits sold for 120 ETH and 150 ETH respectively:
Bored Ape Yacht Club NFT sold for 613 WETH:
Valhalla 0.5 ETH mint price continues to dominate NFT community discussions:
Quick Stats:
OpenSea ETH Daily Volume: 7,873 ETH (▲ 28.03%)
Blur ETH Daily Volume: 1,825 ETH (▼ 21.03%)
BTC: $16,691.99 (▲ 0.30%)
ETH: $1,213.05 (▲ 0.29%)
Solana: $13.40 (▼ 2.27%)
Polygon: $0.88 (▼ 0.48%)
NFT Daily Winners:
Clone X: 7.50 ETH (▲ 2.18%)
Mutant Ape Yacht Club: 11.00 ETH (▲ 0.92%)
Proof Collective: 29.23 ETH (▲ 0.81%)
Azuki: 9.94 ETH (▲ 0.40%)
Doodles: 5.74 ETH (▲ 0.17%)
CryptoPunks: 58.18 ETH (► 0.00%)
NFT Daily Losers:
Bored Ape Yacht Club: 66.78 ETH (▼ 0.01%)
VeeFriends: 5.98 ETH (▼ 0.17%)
DigiDaigaku: 8.10 ETH (▼ 3.57%)
Chromie Squiggles: 12.90 ETH (▼ 4.37%)
Moonbirds: 7.00 ETH (▼ 4.76%)
Notes:
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