Azuki Unveils ANIME Token, Boosting NFT Prices by 9.1%

The ANIME token, inspired by Japanese animation, launched successfully, increasing Azuki NFT prices by 9.1% and emphasizing community engagement through a decentralized governance structure.

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The NFT landscape has seen an exciting development as Azuki introduces its new token, ANIME. Touted as a “culture coin,” this token draws inspiration from the vibrant world of Japanese animation.

Price Surge and Acquisition

Following the launch announcement, Azuki NFTs have surged, with prices climbing 9.1%. The entry-level NFT now commands a price of 13.77 ETH, which is roughly $42,000 according to CoinGecko data.

In addition to the token’s release, Azuki has shared news of acquiring Anime.com. This site will debut alongside Animecoin, establishing it as a central platform for anime fans globally. The Azuki team reiterated their commitment to developing a diverse and welcoming anime ecosystem that caters to enthusiasts everywhere.

Community Engagement and Governance

A standout feature of the ANIME token is its emphasis on community engagement. Notably, 50.5% of the total token supply is earmarked for community members. At launch, 37.5% will become available, with an additional 13% managed by ANIME token holders through the upcoming AnimeDAO. This governance structure aims to foster community-led projects and initiatives.

In terms of token distribution, the Azuki team and its advisors will receive 15.6% of the overall supply, which will be subject to a three-year vesting schedule.

Market Trends and Community Growth

The introduction of ANIME mirrors a trend observed recently with other NFT projects. For instance, Pudgy Penguins rolled out its own PENGU token in December, achieving an impressive market cap estimated at about $1.87 billion.

This innovative approach by Azuki not only enhances the NFT space but also reinforces a collective effort to grow a passionate community around anime culture.

Source: Coindesk