Floor prices of the popular Azuki NFT collection slid 44% in the past 24 hours amid community complaints that some Elementals NFTs are too similar to the original collection. By shauryamalwa
Floor prices of Chiru Labs' popular Azuki NFT collection slid 44% in the past 24 hours after Elementals, the company's new NFT collection, was slammed by holders and market watchers.on Tuesday, raking in $38 million in 15 minutes. Azuki Elementals was first teased last week at a holders-only event held in Las Vegas titled “Follow the Rabbit.”look too similar to the Azuki collection, released in February 2022, despite Elementals initially having a different branding story.
“Azuki really sold a 20K collection at 2 ETH exclusively to their own holders extracting $40MM only for the art to be revealed as basically identical to the main collection,” tweeted Charlotte Fang, creator of theA side-by-side comparison showed both collections displayed similar features, such as facial structure, angle and the general vibe, leading to some observers terming Elementals as a cheaper version of the main collection.
The similarities may have led to holders dumping the main Azuki collection and Elementals falling under their mint prices.
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