{"id":115146,"date":"2023-06-28T16:05:44","date_gmt":"2023-06-28T16:05:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/azuki-addresses-elementals-mint-controversy-teases-green-bean-nft-crypto-news\/"},"modified":"2023-06-28T16:05:46","modified_gmt":"2023-06-28T16:05:46","slug":"azuki-addresses-elementals-mint-controversy-teases-green-bean-nft-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/azuki-addresses-elementals-mint-controversy-teases-green-bean-nft-crypto-news\/","title":{"rendered":"Azuki Addresses Elementals Mint Controversy, Teases &#8216;Green Bean&#8217; NFT\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"has-drop-cap\">On June 27, the Azuki Elementals mint went live, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftnow.com\/news\/azuki-announces-elementals-collection-at-las-vegas-event\/\">generating immense fanfare<\/a> throughout Web3.  Billed as the next evolution of the popular <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftnow.com\/guides\/the-ultimate-guide-to-azuki-nfts-everything-you-need-to-know\/\">anime-themed PFP project<\/a>Elementals sold out in record time, failing to make it past presale before all 20,000 NFTs had been minted.<\/p>\n<p>Perhaps to be expected, though, not everything went off without a hitch.  From unsatisfactory mint mechanics to an underwhelming reveal, after the dust had settled from the launch, scrutiny of the Azuki sister project became both severe and unwavering.  Now, Azuki has responded to the mounting opposition faced by its Elementals collection.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-a-recap-of-the-elementals-mint\">A recap of the Elementals mint<\/h2>\n<p>On June 27, the Elementals minting event was initiated as planned at 12 pm ET.  At this time, holders of NFTs from the original Azuki collection were granted access to mint.  Then, at 12:10 pm ET, it would be time for holders of Beanz NFTs to mint. <\/p>\n<p>But seemingly due to the fact that Azuki failed to impose a cap on the number of Elementals any single collector could mint, the full supply for the sister collection <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/nftnow.com\/news\/azuki-elementals-takes-crypto-twitter-by-storm-sells-out-before-public-sale\/\">minted out<\/a> shortly into the Beanz window, long before the public sale was scheduled to commence.<\/p>\n<p>Although the mint was met with a wide array of reactions, with many Azuki holders pleased at the proceedings, countless others <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KLiebsMfer\/status\/1673728328401047553\">express frustration<\/a> that, despite being punctual, they were unable to secure an Elemental.  In fact, due to the lack of a ceiling on individual minting, one user even secured a staggering 332 Elementals during the presale, meaning many Beanz holders couldn&#8217;t mint.<\/p>\n<p>Yet, the public response to Elemental&#8217;s mint mechanics was only the tip of the iceberg.  Because after the art had been revealed, it became clear that Elementals wasn&#8217;t living up to its hype.  Notably, many commented that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/opensea.io\/collection\/azukielementals\">newly launched collection<\/a> bore far too many striking similarities to the previous one.<\/p>\n<div class=\"wp-block-columns is-layout-flex wp-container-3\">\n<div class=\"wp-block-column is-layout-flow\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">So <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Azuki?ref_src=twsrc%5Etfw\">@Azuki<\/a> just diluted their holders with the same art on their Elementals drop LMAO<\/p>\n<p>\ud83d\udc48\ud83c\udffcAzuki from 16 ETH down to 9.5 ETH<br \/>\ud83d\udc49\ud83c\udffcElementals minted at 2 ETH down to 1.4 ETH<\/p>\n<p>It minted out between Azuki and Beanz holders, so not even new holders, the team took $40M from its community\u2026 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/loBWluVzPa\">pic.twitter.com\/loBWluVzPa<\/a><\/p>\n<p>\u2014 DS\u00b0 (@DSentralized) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DSentralized\/status\/1673781364645310464?ref_src=twsrc%5Etfw\">June 27, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Elementals are essentially the same art and style as the OG Azuki collection, but with some new traits.<\/p>\n<p>What are your thoughts? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dE5ZbhWSkO\">pic.twitter.com\/dE5ZbhWSkO<\/a><\/p>\n<p>\u2014 AshRobin \ud83d\udc36 (@ashrobinqt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ashrobinqt\/status\/1673764152459001862?ref_src=twsrc%5Etfw\">June 27, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n<p>The criticisms of Azuki Elementals being far too close to the original collection created a rift in the NFT space.  Although there was a seemingly unending stream of enthusiasts arguing that the Azuki supply had now been diluted, others began speculating about the underlying traits of the new NFTs and how, in the end, the new collection might be. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/j1mmyeth\/status\/1674050920747761664?s=20\">net positive<\/a> For the Azuki name.<\/p>\n<h2 class=\"wp-block-heading\">Azuki&#8217;s response<\/h2>\n<p>It didn&#8217;t take long for Azuki to respond to both opponents and supporters of its new collection, though.  Less than a day after the Elementals mint had commenced, the brand took to Twitter to address the situation.  &#8220;This time, we missed the mark,&#8221; wrote Azuki. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/azuki\/status\/1673993161662959617?s=46&#038;t=QYjiHUt3ibfNK_5TwTBPpA\">in a thread<\/a>,  \u201cWe hear you \u2013 the mint process was hectic, the PFPs feel similar and, even worse, dilutive to Azuki.\u201d<\/p>\n<p>In the thread, Azuki went on to explain the grand vision of Elementals, saying the collection was meant to &#8220;welcome new members into the community&#8221; while also expanding the Azuki universe and enabling the creation of &#8220;a new type of anime that&#8217;s already under production&#8221;. .\u201d<\/p>\n<p>Even with the brand admitting its mistakes, the Azuki messaging ended on a positive note, with the brand stating, &#8220;We know that we lost a piece of trust today, but nothing gets us more motivated to make things right.&#8221;  And to the surprise of collectors, Azuki shared an image of a green bean alongside a cryptic message, setting the stage for potentially another surprise collection to come.<\/p>\n<div class=\"wp-block-columns is-layout-flex wp-container-6\">\n<div class=\"wp-block-column is-layout-flow\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">My guess is that:  <br \/>\u2013 All Azuki airdropped green beans<br \/>\u2013 Azuki consume green bean<br \/>\u2013 Consumption migrates the Azuki to a new contract with enforced royalties<br \/>\u2013 OG Azuki is &#8220;upgraded&#8221; somewhat visually in the new contract to differentiate them against the elementals <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oXpKl8ovpj\">https:\/\/t.co\/oXpKl8ovpj<\/a><\/p>\n<p>\u2014 skarly.eth (@skarlywarly) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/skarlywarly\/status\/1673998820475310080?ref_src=twsrc%5Etfw\">June 28, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n<p>Although details have yet to be revealed surrounding the &#8220;green bean,&#8221; considering that beans have long symbolized radical change within the Azuki ecosystem, it wouldn&#8217;t be a long shot to say that something significant could be on the horizon.  So far, collectors have speculated about a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/osf_rekt\/status\/1674010756210098177\">range of potential happenings<\/a>including airdrops, complex &#8220;evolution&#8221; mechanics, and of course, yet another PFP collection.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 27, the Azuki Elementals mint went live, generating immense fanfare throughout Web3. Billed as the next evolution of the popular anime-themed PFP projectElementals sold out in record time, failing to make it past presale before all 20,000 NFTs had been minted. Perhaps to be expected, though, not everything went off without a hitch. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":115147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[245,239,243,242,244,202,184,241,240,189],"class_list":["post-115146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft","tag-azuki","tag-board-ape","tag-erc115","tag-erc721","tag-metamask","tag-nft","tag-nft-technology","tag-opensea","tag-sbt","tag-soul-bound-token"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/115146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=115146"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/115146\/revisions"}],"predecessor-version":[{"id":115148,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/115146\/revisions\/115148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/115147"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=115146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=115146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=115146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}