While pfp projects are on the rise, the pseudonymous founder of the popular Azuki NFT project revealed his fraught history with abandoned projects. The revelation sparked a frenzy on NFT Twitter and the collection’s floor price suffered a sudden drop.
The Azuki NFT creator who goes by the name Zagabond on Twitter chronicled his NFT history in a blog post that explained his involvement with the projects Cryptophunks, Cryptozunks, and Tendies. All of these NFT projects were abandoned by their founding team.
Zagabond credits Azuki’s success to learning from the other project’s failure. In his blog, he also emphasized that in the formative times, it becomes important that the community encourages creators to experiment and innovate. Additionally, each experiment comes with key learnings.
The announcement also faced backlash from the broader NFT community with many expecting that information will be made public in the coming days by ways of on-chain sleuthing.
The post stirred the conversation around NFT founder transparency, a debate that peaked in February when BuzzFeed revealed the real identities of the BAYC founders.
The price of Azuki on the secondary marketplace Opensea dropped from 19 ETH (about $42,000) to 10.9 ETH (about $24,000) but then rebounded to 14.89 ETH (about $36,000) at the time of writing.
Despite the controversy, the Azuki NFT collection may continue to grow as it is in the booming stage. Last month, the Azuki collection witnessed the historical moment when its “Bobu the Bean Farmer” NFT joined the outer space mission ‘Crew 4’ with top-notch space agencies SpaceX and NASA.
