Azuki’s official Twitter account has announced that the sale of Azuki Elementals will begin on Tuesday, June 27th at 9:00 AM PST.
10,000 current owners of Azuki NFTs have already received an airdropped token for one of the Elementals, which is half of the total supply.
Follow-up collection
Chiru Labs, the web3 startup behind the Ethereum-based Azuki NFT pool, is preparing to launch an extension to the project. The company recently announced the upcoming release of Azuki Elementals, a new set of 20,000 NFTs.
With this expansion, Azuki Elementals will introduce a new wave of Profile Picture NFTs (PFPs).
The group aims to be the follow-up to Azuki, the successful NFT project that emerged as the new and authentic NFT project of 2022 based on trading volume.
The remaining items from the upcoming NFT collection will be made available for purchase through a Dutch auction starting at 9:20 AM PST. The initial price for each NFT will be set at 2 ETH, roughly equivalent to $3,750, and will drop every 5 minutes until the entire supply is sold out.
Notably, the final NFT sale price will determine the price paid by all buyers, ensuring fairness, and early buyers will receive refunds for the price difference.
according to cryptoslamAzuki Inc., an analytics platform, has generated an impressive turnover of more than $1 billion to date, which has raised expectations high about the upcoming Elementals group.
Unfortunately, at the same time, the blue-chip NFT pool, which holds a prominent position on the Ethereum network, has faced a significant drop in its bottom price.
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In the past few days, the ground price of Azuki has dropped from 17.5 ETH to 14.99 ETH At the time of this writing.
The market may recover
So, where is the market located? After a significant decline in global non-fungible token sales since early 2022, coinciding with the bearish phase of the cryptocurrency market, the data points to a resurgence of NFT sales amid the current bullish trend as evidenced by a $7 million ordinal deal.