Azuki

The newly launched Azuki Elementals NFT collection experienced a sharp decline in prices after the art reveal. NFT collectors observed that the Elementals NFTs were nearly identical to the originals, with only slight alterations. The presence of duplicates in the collection significantly reduced its appeal among collectors, resulting in a massive sell-off.Consequently, the price of Elemental NFTs dropped from 2 ETH to 1.2 ETH, while the floor price of the original Azuki NFTs also saw a 32% drop from 10 ETH to 9.35 ETH, according to data from <a href="https://nftpricefloor.com/azuki" rel="noopener noreferrer nofollow">NFT Price Floor</a>. NFT holders also <a href="https://twitter.com/CirrusNFT/status/1673897215289622528" rel="noopener noreferrer nofollow">complained</a> that the Azuki Elementals looked strikingly similar to the original Azuki PFPs and even had odd imperfections.In response to the collectors&#39; doubts, Azuki co-founder 2PMFLOW.ETH stated that the &#39;duplicate&#39; NFTs appeared due to a technical glitch. Wu Blockchain explained in a tweet that the metadata for a few NFTs was processed incorrectly due to outdated event logs from a data provider caused by an eth block reorg.Read full article at <a href="https://cryptotale.org/azuki-elementals-nft-floor-prices-plummet-sharply-after-art-reveal/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Azuki Elementals NFT Floor Prices Plummet Sharply After Art Reveal

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