Bored Apes, Pudgy Penguins, Cool Cats – this NFT assortment debuted far later than all of them, however within the house of two years, it has grown to develop into a serious participant in one of many world’s largest leisure industries.
This NFT assortment is Azuki.
Beginning with landmark debut mint, Azuki has been met with a number of controversies, however stands proudly at this time as a brand new drive to shake-up the anime business. What’s Azuki, what ought to concerning the assortment, and why ought to it’s in your radar?
Right here’s our full 2024 information to Azuki.
What’s Azuki?
Azuki is a set of 10,000 anime-style avatar NFTs, impressed by trendy manga and Japanese streetwear. Every NFT encompasses a distinctive mixture of traits, together with hairstyles, clothes, equipment and extra, giving every Azuki a one-of-a-kind look.
Created by Chiru Labs – a workforce of LA-based artists and builders – the gathering is led by the pseudonymous originator often known as ZAGABOND. With a workforce that holds huge expertise in crypto, know-how, and gaming, Chiru needed to construct an NFT assortment that took a singular take a look at the anime business.
Holders of Azuki NFTs are granted an array of advantages. These embody membership to on-line collective “The Backyard”, entry to unique asset drops and distinctive collaborations, entry to holder-only in-person occasions, and far more.
There are long-established rumours of Chiru Labs creating a local token for the Azuki ecosystem, however as of writing, this has but to return to fruition.
The historical past of Azuki
The Azuki assortment was minted on January 12, 2022 utilizing a Dutch public sale format – the place costs begin excessive and decline over time. The preliminary worth was set at a hefty 1 ETH, however that didn’t cease the gathering from promoting out inside 3 minutes, elevating an unimaginable 8,700 ETH – price over $29 million USD on the time.
Following this landmark launch, Azuki NFTs surged on secondary markets, seeing over $300 million USD in buying and selling quantity – boosting the ground worth into double-digit ETH.
In April 2022, Azuki debuted Beanz – a 20,000-piece companion assortment. These NFTs had been airdropped to present Azuki holders, giving them entry to unique Discord channels and merchandise releases. Beanz have develop into a low-cost entry level to the Azuki ecosystem, and are usually traded volumes to at the present time.
The beginning of 2023 noticed the introduction of Hilumia, a web based expertise within the Azuki universe. Open to the general public, however with solely Azuki and Beanz holders in a position to work together, Hilumia hosted branded video games, actions and on-line content material, giving followers a deeper look into the world of Azuki.
April 2023 noticed Azuki companion with IPX, the corporate behind Line Mates, for a branded collaboration with the Beanz assortment, leading to unique co-branded merchandise and real-world activations.
Throughout their “Observe The Rabbit” occasion in June 2023, Azuki introduced their second companion assortment: Azuki Elementals. The gathering minted out in quarter-hour on June 27, however controversy arose over the dearth of minting limits, and the similarity of the artwork to the primary Azuki assortment.
In response to the backlash, Azuki revealed that an anime anthology sequence was in manufacturing. Its official announcement got here in January 2024, with international promoting agency Dentsu asserting their involvement in April 2024, serving to to assemble an all-star workforce of anime veterans to work on the challenge.
This anime sequence, titled Enter The Backyard, premiered in late April 2024 with the primary episode, titled The Ready Man. The episode was met with rave evaluations for its writing, voice appearing, and total high quality – particularly as a free-to-air sequence hosted on YouTube.
In June 2024, ZAGABOND revealed Azuki’s long-term objective – to create what he termed “anime 2.0”, powered by AnimeCoin. September 2024 noticed the reveal of Anime.com – together with new Azuki mascots Ayame and Decky – alongside a public waitlist, and the personal launch of AnimeChain.
It hasn’t all been sunshine and roses. It got here to mild in Could 2022 that ZAGABOND had been concerned in a number of deserted NFT initiatives, resembling Tendies, CryptoZunks, and CryptoPhunks. There have been widespread fears that Azuki might develop into a rug pull, inflicting a pointy decline in flooring costs – however after an apology from ZAGABOND, and the dedication proven to Azuki thus far, any fears have largely disappeared.
As talked about earlier, the Azuki Elementals mint in June 2023 fell in need of expectations. With no minting limits, the entire Elementals had been minted solely by Azuki and Beanz holders, that means there was zero public entry. As a consequence of how related the Elementals appeared to the unique Azuki assortment, the costs of each Azuki and Beanz fell dramatically – though each stabilised in the end.
What’s subsequent for Azuki?
The objective of Azuki is obvious – to shake up the anime business, and to enhance the expertise of being an anime fan.
Episode 2 of Enter The Backyard is about to premiere very quickly, and Azuki continues to develop throughout its animations, merchandise, behind the scenes content material and extra.
Although we’re but to find the precise function of Anime.com, AnimeCoin and AnimeChain, there are excessive expectations for every of those initiatives – particularly given the experience, dedication and high quality demonstrated into their flagship Enter The Backyard sequence.
Chiru Labs proceed to place their holders – and the broader anime neighborhood – on the coronary heart of Azuki, they usually’re taking this community-driven strategy from web3 right into a mainstream atmosphere.
In simply two years, Azuki have had a groundbreaking affect on web3. In 2025 and past, they may have a revolutionary affect on the anime business.
