According to Nansen data, the low value of the Azuki NFT has decreased by 65% after the June launch of Elementals.
The Azuki price was roughly 15 ETH ($28,250) on June 26, the day before Elementals was released.
The ground value fell to five ETH ($9,724) by July 27 of the next month, and Azuki’s monthly transaction volume also fell by 78%.
On June 27, Azuki released a fresh NFT line called Elementals and airdropped 10,000 anime-inspired avatars to current Azuki model owners.
A further 10,000 artefacts will likely be put up for auction, but the collection sold out before the general public had a chance to purchase the NFT. Azuki acknowledged that there had been mistakes made during the launch process and claimed that we had fallen short of our goals.
