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:

  Wagmi-san @10KTFshop

  “What the hell is that in the sky?”

  

• Genesis, the lending partner of the Gemini Earn program, is seeking an emergency $1 billion loan by Monday:

  Watcher.Guru @WatcherGuru

  JUST IN: Crypto lender Genesis seeks $1 billion emergency loan by Monday.

• Tim Ferriss teases his highly anticipated NFT project:

  CØCKPUNCH ® @cockpunch

  “Those who are easily shocked should be shocked more often.” ― Mae West

• Coachella NFT collection goes missing amidst FTX fiasco:

  Skyscraper @SkyscraperUSA

  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:

  NFTstatistics.eth @punk9059

  The Azuki Spirit shopping spree continued - two sold yesterday for 120 ETH and 150 ETH. Congrats to the buyers, both first time Spirit holders. @ubuntu_08

  

  

• Bored Ape Yacht Club NFT sold for 613 WETH:

  boredapebot @boredapebot

  Ape #8633 was purchased for 613.07 WETH opensea.io/assets/ethereu…

  

• Valhalla 0.5 ETH mint price continues to dominate NFT community discussions:

  Charlie G. @Credzilla

  Woke up to a lot of discussion regarding @valhalla mint prices, seen valid points both ways, figured I'd share my view. Why I think @valhalla mint makes absolute sense and why I'd price it at EXACTLY the same values even though I've initially recommended CHEAPER 🧵

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%)

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