Azuki Floor Price Crash as Collectors Decry Elementals Artwork
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Azuki Floor Price Crash as Collectors Decry Elementals Artwork

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Created 11mo ago, last updated 11mo ago

Azuki Elementals, a new NFT collection by Chiru Labs, has faced backlash from holders and other NFT collectors and creators over the artwork.

Azuki Floor Price Crash as Collectors Decry Elementals Artwork

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Azuki Elementals is Similar to That the Original Anime-Inspired Azuki Collection

Azuki Elementals, a new NFT collection by Chiru Labs, has faced backlash from holders and other NFT collectors and creators over the artwork, which is similar to that of the original anime-inspired Azuki collection.
When the new NFT collection was first released, the mint price was 2 ETH. However, after the artwork was made public, secondary market prices have fallen sharply below the mint price. Currently, some NFTs are priced as low as 1.5 ETH.

The artwork has drawn criticism for resembling the original collection, with a few minor differences. Because of the response, there are worries that the Elementals collection may cause those NFTs to be sold off, diminishing the attraction and value of the original Azuki collection.

However, some collectors have speculated that Chiru Labs, the company behind Azuki, released similar artwork on purpose to build engagement around the new collection, with plans to update the metadata with new artwork.

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