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Metaversal Issue

Azuki's Bull Case

gm Bankless Nation, Azuki’s "Anime 2.0" efforts are ramping up. Can the NFT collection tap into broader cultural momentum around anime to rise to new heights?
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Sep 26, 20243 min read
Azuki's Bull Case
Published on Sept. 26, 2024
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CULTURE NEWS
Dojo Demo Day
  1. 🎮 Dojo highlights its stars. Dojo, the Starknet gaming engine, just hosted its Demo Day event featuring updates from the top onchain gaming projects on Starknet like Eternum and Loot Survivor. See the full broadcast or catch a recap tomorrow with onchain gaming guild WASD.
  2. 📚 Story Protocol ramps up. The intellectual property blockchain just welcomed 100 testers to the first version of its IP Hub, a resource that is designed to allow IP to be readily used across any apps on Story.
  3. 🪙 rug.fun V3 nears. The gamified token launcher platform on Base is gearing up for its new V3 protocol update and has unveiled a mint for a Dotto NFT that will confer special advantages after the upgrade is live.
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ANALYSIS
Azuki's Anime Power Play: The Bull Case
Bankless Author: William M. Peaster

Azuki has what other high-end NFT collections lack: the power of anime.

The popularity of anime is surging. Anime is also rapidly intersecting with new possibilities around AI, gaming, and virtual reality.

Azuki can leverage this cultural momentum in a way that non-anime NFT collections can't.

Plus with its AnimeChain project, Azuki is positioning itself to bring new fandom possibilities to anime via crypto and NFTs—think an open anime universe where fans can co-create and own IP.

Let’s break down the bull case for why Azuki is uniquely positioned here! 👇


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MINT WATCH
Chonks
via X

Two of my favorite people in NFTs are Backseats and marka, and they've joined forces to release a charming new collection: Chonks.

The mint date isn't set yet, but the duo are planning to launch in late October 2024.

What we do know for now is that Chonks will be fully onchain customizable PFPs on Base. The idea is to use Ethereum's ERC-6551 standard to allow users to collect and swap traits for custom appearances.

This approach means that each Chonk "Body" NFT will have its own Ethereum address, which will serve as a wallet to hold all traits and other assets. Chonks will also have their own marketplace for trading traits and bodies, as OpenSea doesn't fully support ERC-6551 yet.

I wanted to put this upcoming collection on your radar now because I suspect it will be at least a small sensation when it launches next month. People are looking for something light, fun, indie, and reputable like this in NFTs right now, and I think Chonks will hit this sweet spot perfectly.

Get ready then—now you know!

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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