Will Azuki benefit revive Ethereum’s NFT landscape?

Journalist

• Ethereum reclaimed the high plot within the NFT market after virtually four weeks.
• Azuki was perceived to be the main driver in riding NFT gross sales on Ethereum.

Ethereum [ETH] non-fungible token (NFT) enthusiasts had something to cheer amidst a rather disappointing allotment.

Ethereum flips Bitcoin temporarily

NFT market tracker CryptoSlam said in an X (beforehand Twitter) submitdated the sixth of January, that Ethereum had reclaimed its place of living as the leading blockchain in phrases of NFT gross sales volume.

The wait was lengthy, as Ethereum flipped Bitcoin [BTC]which had dominated the NFT market today, after virtually four weeks.

AMBCrypto drilled deeper, staring at a essential spike in gross sales volume within the final two days. We chanced on that gross sales figures had touched $12 million on the sixth of January, the supreme in two weeks.

At the time of publication, Ethereum slipped help to the second plot. On the opposite hand, the transient surge grabbed the honour of market observers.

Azuki lifts Ethereum’s NFT market

Azuki, a accepted sequence, was perceived to be the main driver in pushing NFT gross sales on Ethereum upwards.

It started with Azuki liking and reposting Weeb3 Foundation’s posts on social platform X (beforehand Twitter). This sparked rumors of a that you would reveal of partnership between the two entities.

One explicit submit that attracted primarily the most eyeballs was linked to anime, with many within the neighborhood viewing it as a amble that ANIME was Azuki’s upcoming token.

In direction of an start anime universe 🌸 pic.twitter.com/jXJSWGrF4v

— Weeb3 Foundation (@weeb3foundation) January 6, 2024

Be conscious that Azuki launched an anime-themed sequence of 20,000 NFTs final yr called Elementals. The mission, on the opposite hand, got mired in controversy over accusations of duplication.

Essentially the most as a lot as date pattern raised hopes of the beginning of a solid and credible market for anime brands within the NFT market.

Be taught Ethereum’s [ETH] Mark Prediction 2024-25

The optimism was mirrored in a 30% soar in Azuki’s flooring ticket, AMBCrypto observed the exercise of NFT Floor Mark’s records. Purchasing and selling job for the sequence additionally jumped, boosting total NFT gross sales on the Ethereum blockchain.

It remains to be seen if Ethereum, riding on Azuki’s anime push, can reclaim its numero plot.