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Regardless of the subdued NFT market and disappointed Azuki<\/a> collectors, Chiru Labs\u2019 Elementals NFTs<\/a> raised a jaw-dropping $38 million worth of Ethereum within a tight 15-minute bidding window, preventing the public sale from firing up and causing a stir.<\/p>\n Azuki and Beanz holders were given a ten and twenty-minute headstart to acquire one of the 20,000 Elementals assets before the public sale, where 10,000 NFTs starting at 2 ETH ($3,800) were snatched up in just 15 minutes \u00a0\u2014 preventing the public sale from taking place. The additional 10,000 NFTs were airdropped to Azuki and BEANZ holders at Chiru\u2019s lavish \u2018Follow the Rabbit<\/a>\u2018 event in Las Vegas last Friday.<\/p>\n Azuki Elementals have sold out in the presale with the entire allocation going to the Azuki and BEANZ community. There will be no public sale.<\/p>\n Trading and reveal will open shortly. pic.twitter.com\/CVk3kRIqU6<\/a><\/p>\n \u2014 Azuki (@Azuki) June 27, 2023<\/a><\/p>\n<\/blockquote>\n Following the initial sale, the team revealed the artwork for the Elementals collection, and trading on secondary marketplaces<\/a> commenced smoothly afterward. However, the sell-out collectibles were criticized for not living up to community expectations, effectively mirroring NFT avatars previously launched \u2014 an unexpected twist considering Chiru claimed Elementals to be its most \u201cchallenging artistic project to date.\u201d\u00a0<\/span><\/p>\n unbelievable\u2026 my fire head is duplicated?!? pic.twitter.com\/weCyMNyLun<\/a><\/p>\n \u2014 A-Raving-Ape.eth \ud83c\udf4c\u26e9\ufe0f\ud83c\udff4\u200d\u2620\ufe0f (@a_raving_ape) June 28, 2023<\/a><\/p>\n<\/blockquote>\n Positive community members swiftly took to Twitter to calm dissatisfied holders down, explaining that glitches sparked by high demand had caused the duplication, which has now been fixed. However, such issues were a no-go for some Azuki fans, including the famous rapper Eminem, who just <\/span>pulled out of the project<\/span><\/a> for 8.5 ETH ($15,797.84).\u00a0<\/span><\/p>\n Following the backlash, efforts to satisfy all holders were initiated, such as opening the doors to the Hilumia metaverse whereby Elementals holders can upgrade their NFTs with a new trait. Azuki also took to Twitter to apologize, stating: \u201cIt\u2019s always both challenging & exciting opening up the gate to the Garden. This time, we missed the mark. We hear you \u2013 the mint process was hectic, the PFPs feel similar and, even worse, dilutive to Azuki.<\/span><\/p>\n \u201cHowever, our ambitious goals led to a new collection which confused the community on the tangible differences with the original Azuki collection.\u201d<\/p>\n Still, the ongoing success of Chiru\u2019s ventures, including Azuki\u2019s $1 billion secondary trading volume and Beanz\u2019s $276 million yield, indicates robust NFT market interest and potential growth for Azuki Elementals NFTs.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Want more? Connect with NFT Plazas<\/b><\/p>\n Join the Weekly Newsletter *All investment\/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n Digital art fanatic who brings a unique perspective to NFT news.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n
The Aftermath of Elementals\u00a0<\/span><\/strong><\/h2>\n
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