Ethereum

Bitcoin

Azuki

<ul>
 <li><em>Ethereum reclaimed the top spot in the NFT market after nearly four weeks.</em></li>
 <li><em>Azuki was perceived to be the primary driver in driving NFT sales on Ethereum.</em></li>
</ul>
<p><a href="https://eng.ambcrypto.com/search/ETH" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ethereum [ETH]</a> non-fungible token (NFT) enthusiasts had something to cheer amidst a rather disappointing phase.</p>
<h4>Ethereum flips Bitcoin temporarily</h4>
<p>NFT market tracker CryptoSlam stated in an <a href="https://x.com/cryptoslamio/status/1743598570811367751?s=20" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">X (formerly Twitter) post</a>, dated the 6th of January, that Ethereum had reclaimed its status as the leading blockchain in terms of NFT sales volume.</p>
<p>The wait was long, as Ethereum flipped <a href="https://ambcrypto.com/search/bitcoin" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Bitcoin [BTC]</a>, which had dominated the NFT market lately, after nearly four weeks.</p>
<p>AMBCrypto drilled deeper, observing a notable spike in sales volume in the last two days. We found that sales figures had touched $12 million on the 6th of January, the highest in two weeks.</p>
<div id="attachment_362499" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-362499" decoding="async" class="size-full wp-image-362499" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1.jpg" alt="" width="1299" height="389" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1.jpg 1299w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1-300x90.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1-1024x307.jpg 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Sales-NFTs-1-768x230.jpg 768w" sizes="(max-width: 1299px) 100vw, 1299px"></a>
 <p id="caption-attachment-362499" class="wp-caption-text">Source: CryptoSlam</p>
</div>
<p>At the time of publication, Ethereum <a href="https://www.cryptoslam.io/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">slipped back</a> to the second spot. However, the brief surge grabbed the attention of market observers.</p>
<h4>Azuki lifts Ethereum’s NFT market</h4>
<p>Azuki, a popular collection, was perceived to be the primary driver in pushing NFT sales on Ethereum upwards.</p>
<p>It all started with Azuki liking and reposting Weeb3 Foundation’s posts on social platform X (formerly Twitter). This sparked <a href="https://x.com/MoonOverlord/status/1743494544098742632?s=20" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">rumors</a> of a possible partnership between the two entities.</p>
<p>One particular post that attracted the most eyeballs was linked to anime, with many in the community viewing it as a hint that ANIME was Azuki’s upcoming token.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <p lang="en" dir="ltr">Towards an open anime universe <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f338.png" alt="🌸" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/jXJSWGrF4v" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/jXJSWGrF4v</a></p>
 <p>— Weeb3 Foundation (@weeb3foundation) <a href="https://twitter.com/weeb3foundation/status/1743475887746756934?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">January 6, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Note that Azuki launched an anime-themed collection of 20,000 NFTs last year called Elementals. The project, however, got mired in <a href="https://ambcrypto.com/i-asked-chatgpt-about-nft-state-after-the-azuki-fiasco-its-answer-was-somber/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">controversy</a> over accusations of duplication.</p>
<p>The latest development raised hopes of the beginning of a solid and credible market for anime brands in the NFT market.</p>
<p style="text-align: center;">Read <a href="https://ambcrypto.com/predictions/ethereum-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Ethereum’s [ETH] Price Prediction</a> 2024-25</p>
<p>The optimism was reflected in a 30% jump in Azuki’s floor price, AMBCrypto noticed using NFT Floor Price’s data. Trading activity for the collection also jumped, boosting overall NFT sales on the Ethereum blockchain.</p>
<div id="attachment_362511" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Azuki-sales.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-362511" decoding="async" class="size-full wp-image-362511" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Azuki-sales.jpg" alt="" width="956" height="596" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/Azuki-sales.jpg 956w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Azuki-sales-300x187.jpg 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/Azuki-sales-768x479.jpg 768w" sizes="(max-width: 956px) 100vw, 956px"></a>
 <p id="caption-attachment-362511" class="wp-caption-text">Source: NFT Price Floor</p>
</div>
<p style="text-align: left;">It remains to be seen if Ethereum, riding on Azuki’s anime push, can reclaim its numero spot.</p>

Will Azuki help revive Ethereum’s NFT landscape?

AMBCrypto

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