Author: Jeremy Ryan

Regardless of the subdued NFT market and disappointed Azuki collectors, Chiru Labs’ Elementals NFTs raised a jaw-dropping $38 million worth of Ethereum within a tight 15-minute bidding window, preventing the public sale from firing up and causing a stir.Azuki and Beanz holders were given a ten and twenty-minute headstart to acquire one of the 20,000 Elementals assets before the public sale, where 10,000 NFTs starting at 2 ETH ($3,800) were snatched up in just 15 minutes  — preventing the public sale from taking place. The additional 10,000 NFTs were airdropped to Azuki and BEANZ holders at Chiru’s lavish ‘Follow the…

A new, Alien Worlds associated project rises on WAX. Dubbed, Alien Avatars, this project lets players collect parts, assemble their Avatars, put them up for minting, and earn TLM tokens everytime someone chooses to mint their Avatar! Slowly but surely, the player run DAO organizations associated with Alien Worlds seem to be finding their footing. One of the sponsored projects recently released their Avatar creation game. Known as Alien Avatars, this project lets players design their own Avatars from various parts, and them make it available for minting, earning a portion of the sale proceeds! Though not run by the…

Bored Ape Yacht Club has been on an emotional rollercoaster over the last several days. Several investors sold their prized blue-chip NFTs, triggering a wave of Fear, Uncertainty, and Doubt (FUD). BAYC has had a difficult time recently as the bear market has finally taken its toll. Because of the slump, several holders have sold their NFTs, lowering the NFT’s total value. The Bored Ape Yacht Club has seen steeper losses in recent weeks, with the floor price plummeting over 19% in the previous 30 days when measured in ETH. A Bored Ape costs 36.5 ETH. The BAYC collection’s fortunes…

On Wednesday, digital art collective Art Blocks is set to release the latest collaboration born from its partnership with iconic New York-based modern art exhibitor Pace Gallery: “World Flag,” a collection of 195 visual art Ethereum NFTs from the Irish contemporary artist John Gerrard. Each “World Flag” piece depicts the flag of a different nation emitted as a stream of smoke, juxtaposed against a variety of desolate, dystopian desert backgrounds. The works—which appear as looping videos that can be viewed from different angles by dragging on a screen—are in fact all miniature, constantly evolving virtual worlds powered by game engine…

Chiru Labs, the creator of the Azuki non-fungible token (NFT) collection, is facing backlash from the community due to the release of Elementals. Chiru Labs released Azuki Elementals on Tuesday, but they are almost copycats of the original Azuki NFTs. The Azuki Elemental pre-sale received huge community anticipation, but as the artwork was revealed, the community found it too similar to the original Azuki collection. Floor Price of Azuki NFTs Crashed 28% After Elementals Release The community has unleashed its wrath, with economist Alex Krüger lashing out on Twitter: “The Azuki team made $40 million by launching Azuki Elementals and…

However, the amount raised outpaced actual market volume and user growth, suggesting that enthusiasm remains concentrated among venture investors. Mainstream collectors have yet to match the interest. Unique users and trading volume continue to decline. The market needs to move beyond temporary hype and speculation and attract broader participation and success across projects. Data of this report was obtained from Footprint’s NFT research page. An easy-to-use dashboard containing the most vital stats and metrics to understand the NFT industry, updated in real-time, you can find all the latest about trades, projects, fundings, and more by clicking here. Key Points Crypto…

Anime NFT collection Azuki achieved a remarkable milestone with the successful launch of its latest collection, “Elementals.” This collection, featuring 20,000 NFTs based on the elements of earth, fire, lightning, and water, sold out within 15 minutes, generating an impressive $38 million in sales. The launch attracted significant attention from existing Azuki NFT and BEANZ holders, who were given a special presale window to participate.Presale and Sale DetailsAzuki’s “Elementals” collection was first offered to loyal holders of Azuki NFTs and BEANZ, a derivative project associated with Azuki. These early supporters were granted a 10-minute presale window, during which they had…

The entire Azuki brand NFT series witnessed a sharp decline, with the floor price dropping to 10 ETH, marking a staggering 24-hour decrease of 31%. This disappointing turn of events has raised concerns within the digital collectibles community. One of Azuki’s co-founders acknowledged the failure of the minting experience, stating that it did not meet the expected standard. This admission highlights the challenges faced by the team in delivering a satisfactory user experience and meeting the high expectations of collectors and investors. We hear your feedback loud and clear. The mint experience was not up to the Azuki standard. Want…

Web3 gaming studio, Mythical Games, has achieved another milestone by securing $37 million in funding as the initial phase of a Series C extension round. Scytale Digital, a leading digital asset manager, led the capital influx. Other renowned investors contributing to this round include ARK Invest, Andreessen Horowitz, and Animoca Brands, further solidifying the trust and support for Mythical Games.The recent funding news comes after the successful $150 million Series C round held in November 2021, driven by Andreessen Horowitz, which ushered the Seattle-based firm into the “unicorn” club, setting its valuation at a staggering $1.25 billion. Mythical Games has…

On June 29th MegaWorld opens up the ability to mint Unit NFTs, paving the way for landlords in their virtual world. This also ties into the upcoming alpha phase introducing in-game quests for player characters. MegaWorld introduced the ability to create custom buildings a few weeks ago. Now they prepare to launch the next phase, letting owners of custom buildings mint and tokenize Units, designated sections of a customized plot, as NFTs. Scheduled to open on June 29th, Unit minting heralds the beginning of a new era for MegaWorld. One in which avatars roam the world, completing quests, earning coins,…