Blue-chip NFT collection Azuki has announced the upcoming launch of a new collection. The new non-fungible token drop, dubbed “Elementals,” will reportedly feature 20,000 digital artworks.
The minting will take place on Azuki’s official website on Tuesday, June 27, at 9 AM PT. The release will be divided into three phases. Azuki holders will have the possibility to mint one Elemental NFT starting at 9 AM PT. Then, BEANZ owners will get access to the drop at 9:10 AM PT. During this phase, Azuki holders can mint one more non-fungible token per one Azuki NFT owned. Finally, the public sale starts at 9:20 AM PT. During this phase, collectors can purchase a maximum of three Elementals tokens per wallet.
The public sale will be conducted as a Dutch auction, with the price starting at 2 ETH. The price will decrease by 0.1 ETH every five minutes until the collection is sold out. Notably, individuals who mint the tokens during the first and second phases with a deposit of 2 ETH will receive a refund of the difference between their deposit and the final terminal price of the Dutch auction. Artworks will be revealed immediately after the conclusion of the sale.
Azuki continues surprising its holders with exclusive drops. On June 24 to 25, the project hosted a community party at Hakkasan in Las Vegas. During the event, Azuki and BEANZ owners were airdropped with soul-bound tokens. Such NFTs can not be traded, sold, or transferred, as they are linked to a specific wallet.
Azuki is a collection of 10,000 anime-inspired artworks released by Los Angeles-based creative studio Chiru Labs in January 2022. The current floor price of the collection is 15.25 ETH (approximately $28,853 at the moment of writing). 569,252 ETH of volume has been traded since the project’s launch.
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Source: mPost
