Azuki launches the native token ANIME and the price of NFTs soars by +9%

The famous NFT collection Azuki has announced the launch of the new native token $ANIME with a Japanese cartoon theme. While the Tokenomics of the new “Culture Coin” is already available, Azuki’s NFT project has seen the price of its Non-Fungible Tokens rise by +9%.

Azuki NFT and the announcement of the launch of the new native token ANIME

Azuki announced that it will launch ANIME this month, its new native token themed around Japanese cartoons, also nicknamed “Culture Coin”. 

With a post on X, Azuki described its relationship with the Anime Universe that began in 2022. 

“In 2022, Azuki decided to build an open anime universe. First, we pioneered the construction of decentralized brands, where the community can co-create and shape the IP, forging a new community-driven entertainment model. The Azuki community, thanks to the creation of 100 sub-communities, a vast collection of fan-commissioned artworks, multiple community-organized events worldwide, and much more, has strongly demonstrated that web3 can give birth to and nurture a new type of IP. Then we acquired Anime.com, which will soon be launched alongside Anime coin as the home of the global anime fandom. And now, together with the Anime coin Foundation, we are forging the next anime arc. An arc where fandom evolves beyond passive consumption and becomes a true ownership of culture. Our mission remains the same: to build the open anime universe. Join the movement. It’s $ANIME szn.”

Azuki NFT: the price increase of +9% and the announcement of ANIME Tokenomics

After the announcement of the launch of ANIME, the Azuki NFT project recorded a price pump of its Non-Fungible Tokens by +9%. 

According to the data from CoinGecko, at the time of writing, the floor price of Azuki NFT is 12.86 ETH, equivalent to $42,929.

Not only that, the Azuki NFT project is also in fifth position in the Ethereum NFT collections ranking, with 430 million dollars in market capitalization. 

In any case, Azuki has already shared with the public also the Tokenomics of ANIME’s “culture coin.”

In practice, 50.5% of the total token supply has been allocated to the community. Not only that, through the grant programs of the Animecoin Foundation, additional tokens will also be allocated to passionate creators and builders of anime who will be future holders of ANIME. 

The employees and consultants of Azuki, on the other hand, will receive 15.62% of the supply bound by a rights acquisition program.

The NFT of 2024

The Azuki NFT project, like all collections, has experienced various moments in its history when its floor price skyrocketed, against others when it instead crashed. 

For example, for 2024, Azuki saw the floor price of its NFTs rise in January, when the sharing of a post on X had generated rumors of a possible partnership with the Web3 Foundation. At that moment, the NFT collection had reached a minimum price of 7.96 ETH.

In general, the NFT market ended last year with a total sales volume of 8.8 billion dollars, an increase compared to 2023 of exactly 100 million dollars.

This result leads to saying that, despite the slow growth of this crypto micro-sector, NFTs continue to be alive in the blockchain ecosystem.