Azuki founder under fire, CryptoPunk sells for a major loss and more
Categories: Crypto News US
The founder of the $723.5 million Azuki nonfungible token (NFT) project “Zagabond” caused a sh*tstorm yesterday after revealing that they had previously worked on three abandoned NFT projects. After facing strong backlash from the NFT community, they have since apologized for their “shortcomings.”The three projects in question are Tendies and CryptoPunks copycats CryptoPhunks and CryptoZunks. “Zagabond” suggested all three had failed due to a lack of community support and other factors such as team members leaving or high gas fees on Ethereum. After releasing the blog via Twitter, most replies were in support of “Zagabond’s” honesty on the trial and error path that led to Azuki NFTs. However, other sections of the NFT community weren’t as pleased.Other users like dxv_eth alleged that “Zagabond” had agreed to build a marketplace for the CryptoZunks project and purchase parts of the metaverse in a bid to strengthen the ecosystem but failed to do so before eventually ghosting the community.Iconic pop-musician Madonna and NFT heavyweight Beeple have teamed up to launch a tokenized art collection that humbly depicts the singer as the mother of creation, evolution and technology.There are three different NFT art pieces in total, all of which depict Madonna giving birth to various either trees, butterflies or mechanical centipedes. CryptoPunk sells for huge loss An NFT from one of the original NFT projects CryptoPunks was sold for a whopping 86% loss on Sunday.CryptoPunk #273 sold for a hefty $1.003 million in October, worth 265 Ether (ETH) at the time, but has since fallen from grace amid a tumultuous time for the crypto and blockchain sector, going for a mere $139,836 on Sunday morning.Larva Labs’ CryptoPunks boomed in popularity throughout 2021, and the project was recently acquired by Yuga Labs in March, the team behind the widely successful Bored Ape Yacht Club NFTs. The move doesn’t appear to have done much for the market in the short term, however.