Summary: The Azuki NFT collection, minted on the Ethereum blockchain, distinguishes itself with diverse traits and exclusive access to a high-profile group called 'The Garden'. Despite controversies with founder Zagabond, Azuki's have retained value since their 2022 launch, experiencing over 10x growth.

Owners are granted exclusive access to airdrops like Beanz.Azuki and have future benefits like an Azuki meta-game and NFT fractionalization to look forward to. The current minimum trading price of an Azuki NFT is 15.2 ETH (~$25,000). The project has big plans for decentralized branding in the metaverse but potential investors should be aware of the inherent risks in the NFT market.

Azuki NFT Key Takeaways
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Table of Contents

What is Azuki NFT?

The Azuki NFT collection is minted as an ERC-721 non-fungible token on the Ethereum blockchain and is unique, meaning that no two tokens are alike.  The series was launched in January 2022 by founder Zagabond and has been growing in popularity ever since.

Ownership of an Azuki NFT grants investors access to 'The Garden' - a private group of high-profile artists, builders and web3 enthusiasts who meet and collaborate to build the decentralized future. Azuki holders also get exclusive access to airdrops, experiences and derivative NFTs like Beanz.

Azuki NFT

Azuki Traits and Rarity

The collection of 10,000 Azuki differentiates themselves from each other with different traits which include hair, clothes, background, skin type, special abilities and objects like swords, skateboards and other items.

The most valuable Azuki types are 'Spirit' which represents 0.97% of the total collection. The current floor price for an Azuki Spirit type is around 150 ETH, which is over $200,000 US dollars as of the time of writing. The next most valuable trait is Azuki's who have gold clothing, items and objects and they are generally worth around 20 ETH per NFT.

Azuki Spirit
Azuki Spirit Trait NFTs.

Azuki NFT Floor History

The floor price for Azuki NFTs has been increasing steadily since their launch in January 2022. In the early days, Azuki were changing hands for around 1 ETH each. By April of that year, the floor price had sky-rocketed to over 30 ETH and has since settled to around 10 ETH, meaning the collection has retained over 10x in value.

The growth has been largely due to the team having released several experiences, derivatives and airdrops to keep investors interested and locked in.

Azuki Floor Price History.

How much is Azuki NFT Worth?

The Azuki NFT Collection has a floor price of 15.2 ETH, meaning the minimum price that the collection is being traded for is 15.2 ETH. Based on current Ethereum (ETH) prices, this means that the minimum price for an Azuki NFT is $25,000 USD.

Zagabond Controversy

The key point of controversy for the Azuki project is their founder, Zagabond. Zagabond is a well-known member of the Ethereum community and has been involved in a number of NFT projects and companies over the years.

In late 2021, Zagabond was accused of plagiarism by several members of the community after he copied large portions of an article written by another member of the community without attribution. Zagabond was also found to have built a number of other NFT projects before Azuki and completely abandoned them, leaving investors with worthless collectables. You can follow Zagabond's Twitter for updates below.

Azuki Roadmap

The Azuki project has a well-developed roadmap with a vision to create the largest decentralized brand in the metaverse that is owned by the community. The Azuki roadmap for late 2022 and 2023 includes the development of an Azuki meta-game, NFT fractionalization and financialization which enables holders to earn interest on their NFTs and much more.

You can read a comprehensive overview of their vision in the official Azuki Roadmap and Mindmap.

Azuki BEANZ NFT Airdrop

On March 31st, 2022 - the Azuki team airdropped a project called BEANZ to NFT holders. Each Azuki holder received 2 BEANZ for each NFT they held, which are currently valued at around a 1 ETH floor price. The BEANZ series are collectable sidekicks for Azuki's that enable their own unique experiences, games and use-cases.

The airdrop was successful in both driving up the price of Azuki's as well as introducing a new project with high potential to Azuki holders.

Azuki BEANZ NFT Airdrop.

Final Thoughts

In conclusion, Azuki NFTs offer a unique blend of investment and experiential opportunities, distinguishing themselves with exclusive privileges and a diverse array of traits. Despite controversies involving the founder, the collection has retained significant value and continues to entice investors with consistent airdrops and promising future plans such as a meta-game and NFT fractionalization.

However, due diligence is key, as the fluctuating floor prices and Zagabond's previous projects underline the inherent risks in NFT investments. Overall, the Azuki NFT collection is carving out a space in the decentralized brand landscape and playing an integral role in building the metaverse.