What Happens to Azuki now?

Strong day in macro which supported the move up for traditional markets. Some talk of a ban on crypto in china has led to some false news and misplaced FUD. Saylor is buying bitcoin again, and has bought $350 million worth of bitcoin over the past 3 months as an ongoing buyer of bitcoin year over year. This recent acquisition in the given time period is the equivalent of buying 200 Bitcoin per day! The rumor making the timeline is that he pushed Bitcoin to 31k, but it just isn't possible given the insane daily volume even though he is buying a small islands worth daily. The NFT space is going bonkers after the @Azuki reveal yesterday. It is unclear how they will be able to bounce back from this, and the only lingering hope is these green beans that nobody has any solid information about…but the contract points to some burn mechanism. Apparently a green bean loading was announced back in December, and isn’t something new. We had @gmoneyNFT on who states that an L for Azuki is an L for all of us. If you are doing a drop to expand the community, selling to only the existing community is not ideal. The apology from the team was odd as well, since it seemed to point to more beans instead of resolving the current issue.@batzdu put a tweet out about Azuki basically being finished, which is really tough to read from a respected figure like batz.@osf_rekt thinks they have taken a massive hit and speculates that they may have rushed this mint. They have successfully raised money and built a war chest, despite just fluffing the community with another 10k duplicates. There is a community warning about the Green Beans since they have not been officially confirmed by the team. It might be best to not interact until there is some clarity, stay safe!The anime is the biggest hope at this point, they have confirmed it is in the works so it will be interesting. The downside is that might take even more than the 40 mil they just raised to create a full on series of the highest quality. @steezysloth points to the strategic aspect of the launch. The intent was to get new people into the garden but there was never a viable path for new entrants with the mint. He also sees an issue with the liquidity pull; one thing that most people are overlooking is the giant 40 million bag they are now holding, and now success will just be about regaining the communities trust as they have already won in terms of cash.      -We Heart the Steeeez!-There are roughly 50% of the beans revealed at this point, so this is a fairly accurate depiction of the entire collection, but we may be in fore some surprises yet. The stage went on to discuss what makes a project great, and most of it has nothing to do with the amount of money they hold or have raised. Imagine if you had 200-300 close friends IRL, you could do so much. This is the appeal of most projects and huge treasuries that aren't necessarily required to make a great NFT project.Have an opinion on the elementals? leave a comment! 👇GM! Hosted on Acast. See acast.com/privacy for more information.https://linktr.ee/rugradio